AboutBit launches one of nation’s largest cryptocurrency mining facilities

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MEROM, Ind., Could 11, 2022 (GLOBE NEWSWIRE) — AboutBit, the Kentucky-based pioneer in sustainable crypto mining, has introduced plans to find a brand new state-of-the-art mining facility in Merom, Ind., powered by 115 megawatts of electrical energy from WIN Power. The five-year cope with WIN Power places the mission among the many prime 10 crypto energy tasks in the US.

Part one of many mission, which is totally backed by the state, in addition to native governments and utilities, will probably be on-line within the subsequent 30 days. It is going to ultimately help greater than 50,000 machines, aimed toward mining Bitcoin and quite a lot of proof-of-work property.

The mission stands aside from different giant crypto mining amenities due to each its expertise and the crew behind it. AboutBit is made up of extremely skilled IT professionals with a protracted observe file of profitable enterprise ventures (https://aboutbit.co/leadership/). The group is enhancing the cryptocurrency group mannequin by working with a high-end datacenter mindset, and their expertise with superior applied sciences similar to liquid cooling techniques will maximize the set up’s effectivity and efficiency – offering extra computational energy with out expending extra power.

The situation itself offers further benefits for miners, traders, and the group. The ten-acre website is at the moment residence to the Merom Producing Station, which suggests transmission and different infrastructure is already in place.

Griggs says the scalability inherent to the mission permits exterior crypto miners to simply co-locate with AboutBit within the Merom facility.

“The low value of energy will probably be a really enticing incentive for miners searching for a base of operations,” Griggs mentioned. “We’ll be capable to present the facility wholesale to miners from each the U.S. and all over the world, together with the bodily area and infrastructure to accommodate their {hardware} calls for.”

Along with simply accessible and competitively priced electrical energy, miners also can reap the benefits of AboutBit’s IT experience within the type of the corporate’s proprietary app. The app will permit traders to watch efficiency in actual time, precisely gauging the facility consumed together with the quantity of crypto their machines have validated.

WIN Power is a cooperative member of Hoosier Power, which provides energy as a part of the RFC regional grid. WIN Power has traditionally acted as an ‘power supply’ to spur financial development in communities and to create a greater fashion of residing by offering protected and dependable electrical service to its members.

The brand new facility expands AboutBit’s mining capability and provides to current mining websites within the Midwest and Western United States.

ABOUT ABOUTBIT

AboutBit is a Louisville, Ky. primarily based crypto startup devoted to constructing extra sustainable options to mine cryptocurrencies whereas equally contributing to the expansion of BTC and its traders’ returns. AboutBit specializes within the deployment of cell, turnkey containerized information facilities powered by various sources of power. By way of a partnership with Starlink, the pods are outfitted with unparalleled connectivity to make sure mining operations proceed with out interruption, using much less energy. 
Along with the cell miners, AboutBit is investing in brick-and-mortar mining amenities within the Midwest and Western United States. AboutBit is propelling greater gross margins and offering a decrease danger setting for its companions, the trade, and the planet.

Contact:
Zak Owens
zak@fdlcomms.com 
502-386-5704

Invoice Shory
bill@fdlcomms.com
502-974-4332

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