With a deal with Allrise Capital, Chinese chipmaker Bitmain has acquired a foothold in one of America’s top crypto-mining centers.They intend to turn an old paper mill in Washington state into a huge bitcoin mining facility.
Last April, Allrise Capital paid $18.1 million for the Ponderay mill in Usk, and quickly announced plans to turn the 927-acre facility into one of the country’s largest crypto mining farms.
The relationship with Bitmain, according to Allrise CEO Ruslan Zinurov, would “catapult our growth objective of developing one of North America’s largest sustainable digital asset mining platforms.”
The paper mill employed almost 150 people before declaring bankruptcy in 2020, making it one of Pend Oreille County’s largest employers.
Bitmain has already sent containers to the site
And the company is getting right to work. According to reports, roughly 90 shipping containers with Bitmain chips and mining equipment have arrived in Usk.
Former factory manager Todd Behrend indicated that more are arriving every day. He went on to say that the company plans to hire approximately 40 people, down from 150 during the newspaper era.
“This is an American firm called Allrise that has joined with a Chinese company, the greatest name in bitcoin mining, and they’re attempting to invest in the United States.” “This is a fantastic narrative about bringing Chinese jobs to America,” Behrend continued.
The location will initially run 143 “modular-data centers,” requiring 100 megawatts of electricity, which has previously been granted by the Bonneville Power Administration.
“The modular data centers are built in container dimensions, making them easy to ship,” Behrend explained. “It has all of the necessary components.” You connect it to electricity and communications, and then you begin mining.”
The company is seeking for permission to operate the farm in an area that is now zoned as a residential area.
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