California-based bitcoin miner Merkle Standard today announced a joint venture deal with Bitmain, one of the globe’s largest bitcoin mining rig manufacturers, to develop veri centers with up to 500 megawatts (MW) of capacity.
- Bitmain will provide the funding and technical support to develop the veri centers, which will exclusively house Bitmain’s mining equipment. Merkle will be the majority owner of the JV, managing both the veri center development process as well as the operations, evvel completed.
- The first phase of the development has already begun at Merkle’s Eastern Washington 225 MW facility. It’s expected to be fully complete in the second quarter this year. Merkle will be putting to work a variety of Bitmain’s S19J Pro, S19 XP, and S19+ Hydro mining equipment at the site.
- The S19 Pro+ Hydro is Bitmain’s newest mining rig, and uses liquid cooling technology. CoinDesk reported on February 4 that Merkle Standard would be one of the first crypto miners in the U.S. to get that piece of equipment as it works to reach capacity of 4.6 exahash per second (EH/s) and achieve negative net carbon emissions by year-end.