BitRiver only makes use of extra hydropower to run its information centers in Russia.
The9, a Nasdaq-listed Chinese net business, is moving forward with its cryptocurrency mining strategies by signing a contract with a key Russian information center operator.
The business announced on Monday that it has signed a cryptocurrency mining internet hosting agreement with Russian mining support supplier BitRiver by way of its wholly owned subsidiary, NBTC.
As portion of the deal, BitRiver will dedicate 15 megawatts (MW) of electrical capability to the implementation of The9’s Bitcoin (BTC) mining machine for an preliminary two-12 months time period. After the contract expires, the two events have the ideal to instantly lengthen the cooperation for yet another 12 months, the observe states.
As portion of the deal, The9 will host a amount of Bitcoin miners at BitRiver’s information center found in the Russian Republic of Buryatia, a BitRiver spokesperson advised Cointelegraph. The9 must now ascertain the precise amount and variety of mining products it intends to send to BitRiver’s information center. The plant has an preliminary complete electrical capability of one hundred MW and is capable of holding above 33,000 mining products.
BitRiver is regarded as the greatest cryptocurrency mining support supplier in Russia, supplying internet hosting solutions for big-scale cryptocurrency mining operations. The business supplies renewable power sources for cryptocurrency mining, solely employing extra hydropower to operate its information centers in Russia and the Commonwealth of Independent States (CIS). , authorized by the certificates of the International Renewable Energy Certification Standards Organization.
The information comes as The9 continues to enter the cryptocurrency mining marketplace just after announcing its strategies to enter the marketplace earlier this 12 months. The business explained in January that it has signed partnerships with a lot of traders, which includes cryptocurrency mining giant Canaan.
In June, The9 reached a definitive agreement to get Canadian cryptocurrency miner Montcrypto to create a twenty MW electrical energy provide in Calgary. The business says Montcrypto supplies a “greener, more environmentally friendly power supply” for The9 mining small business with a zero-emissions infrastructure.
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