White Rock Management, based in Switzerland, said it will be expanding its operations to the United States, starting with Texas.
White Rock said it will be partnering with Natural Gas Onsite Neutralization, or NGON, a company that captures natural gas that would otherwise be burned and converts it to energy for use in the firm’s Bitcoin mining operations. White Rock said it will be operating out of NGON’s facility in the Brazos Valley region, mining BTC using environmentally responsible methods.
According to White Rock the move into Texas was just the first in the firm’s plans to expand its BTC mining operations to areas capable of providing energy from natural gas outside the scope of the state’s power grid. The company began mining crypto at data centers in Sweden iand reported its operations in the United States will have an initial capacity of 3 megawatts, aiming for the firm’s total hashrate to be more than 1.6 EH/s.
It’s unclear how the recent volatility may affect White Rock’s operations in the Lone Star State. However the firm was able to mine profitably in bear and bull markets due in part to having the latest generation of rigs.
