Bitmain signs 500MW joint venture with sustainable BTC miner Merkle Standard - BitcoinEthereumNews.com
Beijing-based Bitmain has partnered with a United States-based sustainable Bitcoin miner, Merkle Standard, which will contribute capital investment, expertise and parts. As part of the joint venture, Bitmain will contribute to the development of up to 500 MW of clean digital mining infrastructure at Merkle Standards hydro-powered facilities in Eastern Washington. Bitmain is a household name in the Bitcoin (BTC) ecosystem, famed for the Antminer brand, the name behind popular Bitcoin ASIC miners the S9 and S19. Merkle Standard claims to be a carbon-conscious BTC miner, keen to become net carbon negative by year-end. Merkle Standard will install up to 150,000 Bitmain mining machines thanks to the venture. Ruslan Zinurov, CEO of Merkle Standard, told Cointelegraph that the partnership with Bitmain will “catapult our growth plan of building one of North Americas largest sustainable digital asset mining platforms.” In a further commentary, Josh Zappala, chief strategy officer at Merkle Standard, underlined the benefits BTC mining brings to the social fabric of local communities. With aspirations to become one of the areas largest employers, the joint venture will introduce “35–50 full-time jobs to the site,” while “supporting local business.” He told Cointelegraph: “Due to the flexible characteristics of the data centers power load, we are suited