About Bit launches one amongst nation’s largest cryptocurrency mining facilities

Landmark power deal creates major opportunities for miners, investors, and atiny low IN community


MEROM, Ind., May 11, 2022 (GLOBE NEWSWIRE) -- AboutBit, the Kentucky-based pioneer in property crypto mining, has proclaimed plans to find a replacement progressive mining facility in Merom, Ind., high-powered by one hundred fifteen megawatts of electricity from WIN Energy. The five-year wear down WIN Energy puts the project among the highest ten crypto power comes within the us.

Phase one amongst the project, that is absolutely backed by the state, furthermore as native governments and utilities, are on-line within the next thirty days. it'll eventually support over fifty,000 machines, aimed toward mining Bitcoin and a spread of proof-of-work assets.

The project stands with the exception of different massive crypto mining facilities attributable to each its technology and therefore the team behind it. AboutBit is created from extremely experienced IT professionals with an extended account of undefeated business ventures (https://aboutbit.co/leadership/). The cluster is up the cryptocurrency community model by operational with a high-end datacenter mentality, and their expertise with advanced technologies like liquid cooling systems can maximize the installation’s potency and performance – providing a lot of procedure power while not spending a lot of energy.

The location itself provides further benefits for miners, investors, and therefore the community. The 10-acre website is presently home to the Merom Generating Station, which implies transmission and different infrastructure is already in situ.

Griggs says the quantifiability inherent to the project permits outside crypto miners to simply co-locate with AboutBit within the Merom facility.

“The low price of power are a awfully engaging incentive for miners searching for a base of operations,” Griggs aforementioned. “We’ll be ready to offer the facility wholesale to miners from each the U.S. and round the world, together with the physical area and infrastructure to accommodate their hardware demands.”

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In addition to simply accessible and competitively priced electricity, miners can even cash in of AboutBit’s IT experience within the sort of the company’s proprietary app. The app can permit investors to observe performance in real time, accurately gauging the facility consumed together with the number of crypto their machines have valid.

WIN Energy could be a cooperative member of Hoosier Energy, that provides power as a part of the RFC regional grid. WIN Energy has traditionally acted as Associate in Nursing 'energy source' to spur economic process in communities and to form a far better type of living by providing safe and reliable electrical service to its members.

The new facility expands AboutBit’s mining capability and adds to existing mining sites within the Middle West and Western us.

ABOUT concerningBIT

AboutBit could be a metropolis, Ky. based mostly crypto startup dedicated to assembling a lot of property solutions to mine cryptocurrencies whereas equally tributary to the expansion of BTC and its investors’ returns. AboutBit makes a speciality of the preparation of mobile, jailor pack information centers high-powered by various sources of energy. Through a partnership with Starlink, the pods area unit equipped with unequalled property to confirm mining operations continue while not interruption, utilizing less power.In addition to the mobile miners, AboutBit is finance in brick-and-mortar mining facilities within the Middle West and Western us. AboutBit is propellent higher gross margins and providing a lower risk atmosphere for its partners, the business, and therefore the planet.

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