The Blockchain company Bitfury announced the launch of a new crypto-mining data center in Ontario, Canada. The new mining center adds to the list of existing Canadian sites, which currently operate in Drumheller, Alberta and Medicine Hat.
Bitfury’s new crypto mining facility in Ontario is expected to operate at 16 megawatts by the end of this month.
Bitfury has plans to add 12 MW capacity in the coming months, which will bring up the total capacity of the mining facility to 28 MW by May end. However, the company highlighted that the facility could be potentially upgraded to operate at 200 MW, over seven times the current capacity.
The site is equipped with Bitfury’s in-house ASIC mining chips and other proprietary hardware and software. All of Bitfury’s Canadian crypto mining facilities heavily rely on Canada’s cold climate for sustainable and efficient operations.
Back in October, Bitfury co-founder and CEO Valery Vavilov shared his plans for considering an initial public offering to fast-track the company’s global growth
Earlier this month, Michelle Rempel Garner, a member of the House of Commons of Canada, introduced a bill recommending a framework to encourage growth in crypto.
