White Rock Management Launches Bitcoin Mining Facility in the US

White Rock Management, a cryptocurrency mining company, announced on Tuesday the launch of its first US-based Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term (BTC) mining facility in Texas’ Brazos Valley region.

According to the press release, natural gas by-products from active oil wells on-site will power the company’s initial operations. A partnership between White Rock and NGON, a green energy services and technology company, will capture the gas and divert it to produce Bitcoin.

“The Brazos Valley mine is the first of several grid independent facilities we are planning in Texas that will utilize by-product natural gas from active oil wells, turning waste into a reliable, non-grid energy source. The launch of our first US mining operation strengthens our position as an emerging player in the global digital asset mining industry,” Andy Long, the CEO of White Rock Management, commented.

White Rock’s data center sites in Sweden have a total capacity of 30 MW. A total hashrate of 1.6 EH/s is expected to be achieved once US operations begin.

“We are in expansion mode, actively exploring additional locations throughout the United States and elsewhere in North America, Europe and Latin America with favorable business and political environments. We are also seeking potential M&A opportunities within the bitcoin mining industry, as the current market environment is conducive to both M&A and strategic partnerships,” Serhiy Tron, the Founder of White Rock Management, commented.

HIVE Blockchain's Production Numbers

In other Bitcoin mining-related news, HIVE Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term Technologies, a Nasdaq-listed company, recently released its production figures for May 2022. A jump from 2.15 Exahash to 2.18 Exahash occurred during the mentioned period.

In May 2022, HIVE’s Ethereum mining capacity reached 6.26 Terahash. In fact, 2,694 ETH was produced. Additionally, the mining firm produced 273.4 BTC last month. As of now, the company holds a total of 3,186 Bitcoins. Due to the recent expansion in its production capacity, HIVE witnessed a sharp jump in its financial numbers.