Bitmain's Data Center for Bitcoin Mining Is Nearing Completion – Investopedia

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One of most recognized and valuable bitcoin companies is set to launch one of the most high-powered data centers in the world. Beijing based Bitmain Technologies Limited in partnership with several investors is inching closer towards the completion of the state-of-the-art data center in Xinjiang province of China. (See also, Bitmain & John McAfee to Open Bitcoin Mining Pool)

The data center would be capable of consuming up to 135 megawatts of power with wind and solar energy as its primary source. The first-of-its-kind data center is being designed especially for high-performance computing purposes, such as mining of cryptocurrencies like bitcoin. Although high-performance computing has other applications, Bitmain maintains that since its investor interest lies in bitcoin, mining would remain its top application.

Bitmain hopes to set higher standards of efficiency and productivity for bitcoin mining facilities worldwide. The data center?s cooling and dust-free system has been designed by Bitmain which has also helped obtain the necessary permissions and infrastructure support from the provincial authorities as per Bitmain?s blog. Detailed plans of the data center will be released after its successful completion for learning more about the center and its usage. (See also, Could Bitcoin Triumph in a Mr. Robot-like World?)

?We have seen that most data centers in the mining industry are wasting considerable money or other resources. We want to provide a more professional and cost-saving example to the industry? said Bitmain?s Co-CEO Jihan Wu.

Bitmain was established in 2013 to develop and sell the world?s leading bitcoin miners using Bitmain’s ASIC chip technology. Its initial bitcoin miner was Antminer S1 which was upgraded over time to match up to bitcoin?s ?difficulty level.? In May of 2016, Antminer S9, the world?s first consumer-grade bitcoin and most power-efficient miner based on a 16nm process ASIC chip was released by Bitmain. The company is the proud owner of several brands, including Antminer, Antpool, and Hashnest, which are ranked number one in their respective fields. Bitmain is headquartered in Beijing, with offices in Amsterdam, Hong Kong, Tel Aviv, Qingdao, Chengdu and Shenzhen.

According to Bitmain, a majority of the planned 45 structures were sold even before construction began. The data center originally scheduled for completion by end of this year could witness some delay due to the harsh cold in that region of China.

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