Second Investment in Kazakhstan from Mining Company

Second Giant Investment in Kazakhstan from Cryptocurrency Mining Company

The9 company, which was a game company until January but then started to invest in cryptocurrency mining, continues its large mining investments in Kazakhstan. The company, which established a partnership to create a giant mining center in the country earlier this month, reached an agreement with another company to establish a mining center again.

The9, a cryptocurrency mining company listed on Nasdaq, continues its investments in Kazakhstan, the rising star of the last period in this field. At the beginning of August, the company agreed to establish a joint mining facility with KazDigital.

The9, a Shanghai-based company, continues its investments in this country at full speed. NBTC, a subsidiary of The9, announced that it has reached an agreement with Kazakhstan’s LGHSTR company to establish a mining center again. NBTC also made a name for itself when The9 company first entered the cryptocurrency space in January, ordering more than 26,000 mining machines.

A total area of ​​200 megawatts…

According to the agreement, the NBTC company will be responsible for the installation of machines in the regions to be developed. While it is stated that a 200-megawatt center will be built in total, 100 megawatts of the facility will be finished by the end of 2021, and the remaining half will be finished next year.

The facility established jointly by The9 and KazDigital was a center that would generate a total of 100 MW, that is, half the power of this facility.

There will be 50,000 mining devices.

When the entire facility is complete, it will have Bitmain’s new S19 Antminer mining devices inside, providing a hash rate of 5 exahash per second. NBTC, a subsidiary of The9, will own 51 percent of the joint venture as well as control the board of directors.

SEE ALSO: 6 Common Usage Area for DeFi (Decentralized Finance)

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