Probably to give some of the largest crypto mining firms a run for their money, two mining companies have entered a partnership with the main aim of building the world’s largest mining site by next year. The two companies – Germany’s Northern Bitcoin and American Whinstone – have already begun construction.

Per a recent news release from Northern Bitcoin, the site will not just be the biggest Bitcoin facility in the world, but will also double as the largest data center in all of North America. The construction project will be done in three phases with the first one scheduled for completion sometime in the first quarter of 2020. By then, the facility will have achieved the number one spot as the largest in the world, with more than 300 megawatts. The release also notes that construction will continue until the end of 2020, with the aim of having a one-gigawatt total capacity.

According to Northern Bitcoin AG CEO Mathis Schultz, the partnership between both companies will easily establish the firms as leaders in the industry:

“With this merger, we are catapulting ourselves faster than originally planned to the top of the world in Bitcoin mining…Together, we have a dominant leadership position in this fast-growing industry and are well-positioned to benefit significantly from the future development of blockchain technology.”

The mining facility will occupy 100 acres – equal to about 57 standard soccer fields) and is situated in Texas, along with Bitmain’s earlier announced mining farm, also planned to be the world’s largest.

Image Credits: Pixabay

The post World’s Largest Mining Site To Be Completed By Two Bitcoin Mining Farms By 2020 appeared first on Latest Crypto News.

This content is synced from the rightful owners. Copyright on text and images belong to the original source.

This article was first published on: Latest Crypto News