Coinscreed
  • Home
  • News
    • NFT News
    • Metaverse News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • DeFi News
    • Blockchain News
    • Web3 News
    • Press Release
    • Hacks and Scams
    • Sponsored Post
  • Stories
    • Interviews
    • Secret Lives
    • My Life in Crypto
  • Market Analysis
  • Learn
    • Bitcoin
    • Ethereum
    • Cryptocurrency Exchange
    • NFTs
    • DeFi
    • Web3
    • Metaverse
    • Blockchain
    • Trading
    • Crypto Guide
  • Quizzes
Advertise
No Result
View All Result
  • bitcoinBitcoin(BTC)
    $0.000.230% 24H
    BITCOIN
    24H : 0.230%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-0.13% 24H
    ETHEREUM
    24H : -0.13%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.001.39% 24H
    BNB
    24H : 1.39%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.000.850% 24H
    XRP
    24H : 0.850%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-0.45% 24H
    CARDANO
    24H : -0.45%
    Volume : $0.00
    Marketcap : $0.00
  • terra-lunaTerra Luna Classic(LUNC)
    $0.005.51% 24H
    TERRA LUNA CLASSIC
    24H : 5.51%
    Volume : $0.00
    Marketcap : $0.00
Coinscreed
  • Home
  • News
    • NFT News
    • Metaverse News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • DeFi News
    • Blockchain News
    • Web3 News
    • Press Release
    • Hacks and Scams
    • Sponsored Post
  • Stories
    • Interviews
    • Secret Lives
    • My Life in Crypto
  • Market Analysis
  • Learn
    • Bitcoin
    • Ethereum
    • Cryptocurrency Exchange
    • NFTs
    • DeFi
    • Web3
    • Metaverse
    • Blockchain
    • Trading
    • Crypto Guide
  • Quizzes
Advertise
No Result
View All Result
Coinscreed
No Result
View All Result
Home News Bitcoin News

The9 signs Bitcoin mining deal with hosting company BitRiver

Joy Dahunsi by Joy Dahunsi
2 years ago
in Bitcoin News
Reading Time: 3 mins read
A A
Share on FacebookShare on Twitter
Russia’s crypto mining hosting company BitRiver, that utilizes only surplus hydroelectric power to operate its data centres will be hosting The9 mining devices on its data centres for a period of 2 years.
The9 signs Bitcoin mining deal with hosting company BitRiver

The9, a Nasdaq-listed Chinese internet business, has signed a contract with a large Russian data centre operator to move forward with its cryptocurrency mining plans.

Through its wholly-owned subsidiary NBTC, the firm stated on Monday that it has struck a crypto-mining hosting deal with Russian crypto mining services provider BitRiver.

SuggestedArticles

Coinbase CEO to contest SEC Lawsuit In U.S. High Court

Coinbase CEO to contest SEC Lawsuit In U.S. High Court

21 hours ago
Volcano Energy Invests $250M in El Salvador's Bitcoin Mining

Volcano Energy Invests $250M in El Salvador’s Bitcoin Mining

1 day ago

BitRiver will set aside 15 megawatts (MW) of its power capacity for The9’s Bitcoin (BTC) mining machine deployment for a two-year period as part of the deal.

Both parties have the option to automatically extend their cooperation for another year when the contract expires, according to the release.

According to a representative for BitRiver, The9 will install a batch of Bitcoin miners at BitRiver’s data centre in Russia’s Republic of Buryatia as part of the arrangement.

The9 is now required to figure out how many and what kind of mining devices they’ll ship to BitRiver’s data centre. The facility will have a total power capacity of 100 MW when it opens, and it will be able to house more than 33,000 mining machines.

BitRiver is Russia’s largest cryptocurrency mining colocation services provider, offering to host large-scale crypto mining operations.

The company uses surplus hydroelectric power only to run its data centres in Russia and the Commonwealth of Independent States, as evidenced by certificates from the International Renewable Energy Certificate Standard Foundation.

The announcement comes as The9 continues to expand its crypto mining operations after revealing ambitions to do so earlier this year.

In January, the startup announced collaborations with a number of investors, including crypto mining behemoth Canaan.

The9 and Montcrypto, a Canadian crypto mining company, inked a final agreement in June to develop a 20 MW power plant in Calgary.

Montcrypto’s carbon-neutral infrastructure, according to the company, delivers a “greener and more environmentally responsible power supply” to The9’s mining business.

Tags: Bitcoin MiningBitRiverHydroelectric powerThe9

Oh hi there 👋
It’s nice to meet you.

Sign up to receive a weekly round-up of the latest happenings in the crypto space!

We don’t spam! Read our privacy policy for more info.

Please check your inbox or spam folder to confirm your subscription.

Coinscreed

Copyright © 2022 Coinscreed

Navigate Site

  • About
  • Advertise
  • Contact Us
  • Partners
  • Privacy & Policy
  • Crypto Price Charts

Follow Us

No Result
View All Result
  • Home
  • News
  • Stories
    • Interviews
    • My Life in Crypto
    • Secret Lives
  • Market Analysis
  • Learn
    • Bitcoin
    • Blockchain
    • Crypto Guide
    • Cryptocurrency Exchange
    • DeFi
    • Ethereum
    • Metaverse
    • NFTs
    • Trading
    • Web3
  • Contact Us

Copyright © 2022 Coinscreed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.