Navigate >>>

According to public documents the mining giant based out of Beijing, Bitmain Technologies, is allegedly building a data facility near Port Walla Walla, Washington called ‘Ant Creek.’

Also read: Washington Politicians Defend Regulations as Cryptocurrency Exchanges Flee

Is Bitmain Quietly Constructing a Large Mining Facility in Washington State?

Ant Creek: Is Bitmain Quietly Developing a Mining Facility in the US?The mining company and device manufacturer Bitmain has been quietly developing some sort of data facility based near the Port Walla Walla in Washington state. According to registration documents online, Ant Creek LLC is a firm based in Tumwater, Washington, and the active company was logged as an LLC on June 28, 2017. The for-profit Washington company’s record ownership is filed under Jihan Wu’s name.

Washington state in the U.S. has seen a surge of interest over the past few months due to cheaper electricity rates. recently reported on a small town called Wenatchee which is three hours from Seattle that’s becoming a mining epicenter. Allegedly the small town is home to a dozen miners, and over 75 have inquired with the head of the local power utility, Steve Wright. Chelan County in Washington is considering hosting mining operations in that area as well.

Ant Creek: Is Bitmain Quietly Developing a Mining Facility in the US?       Ant Creek to Provide Millions in Private Revenue and Full Time Jobs

As far as Bitmain’s Ant Creek is concerned the Port of Walla Walla’s Executive Director, Patrick Reay tells the regional publication the Union Bulletin that he has been working with Ant Creek for roughly six months. Reay explains the development is a “blockchain facility.” The town of Port Walla Walla is considering the lease of 40 acres of land between two industrial parks. According to the local news and the Port’s bureaucrats, the “bitcoin mining” project could produce $7-10 million in private revenue and 15-20 full-time jobs.

“Our purpose is to generate assessed value and create jobs,” Reay explains in an interview.

The Port’s Director details that the lease will be roughly $4,166 USD per month and a $535 state leasehold tax. Further Ant Creek will help develop certain property requirements like storm drainage, and water lines in line with the Walla Walla County building statutes. Bitmain Technologies is also strategically setting up facilities in Canada and Switzerland this year.

What do you think about Bitmain starting an operation in the state of Washington? Let us know in the comments below.   

Images via Shutterstock, Bitmain Technologies logo, and Pixabay. 

At all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.   

The post Ant Creek: Is Bitmain Quietly Developing a Mining Facility in the US? appeared first on Bitcoin News.

Powered by WPeMatico