White Rock Management Launches First US Bitcoin Mining Operation

The Swiss-based cryptocurrency mining firm White Rock Management announced that it would be moving to the United States, beginning with Texas. On Tuesday, White Rock said it would collaborate with NGON or Natural Gas Onsite Neutralisation. To power its Bitcoin (BTC) mining activities, this company gathers natural gas that would otherwise be burned and transforms it into energy. NGON’s facility in the Brazos Valley will be the base of operations for White Rock, which will mine BTC following “environmentally responsible” practices. Expansion of BTC Mining Operations According to White Rock CEO Andy Long, the company plans to expand its BTC mining operations to locations that can supply electricity from natural gas outside the state’s power system. The foray into Texas was just the first step in those aspirations. The company announced that its activities in the United States would initially have a capacity of 3 megawatts, aiming for the firm’s overall hash rate to reach more than 1.6 EH/s. The company started mining cryptocurrency at data centers in Sweden in November 2021. So What if the Revenue From Bitcoin Mining is Low? "Bitcoin miners are experiencing record-low Revenue. Miners earn Revenue from two sources.."by @CryptoAlliance_ Read More👇https://t.co/jiIQVzrnpB — CryptoQuant.com (@cryptoquant_com) June 27, 2022 Latest Bitcoin Collapse The recent market collapse, which has seen the price of Bitcoin drop by more than 28% ov...