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Usha Yadav
Jun 29, 2022
by Usha Yadav

White Rock Management Launches First US Bitcoin Mining Operation

White Rock

Table of contents

  1. Expansion of BTC Mining Operations
  2. Latest Bitcoin Collapse
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.

Latest Bitcoin Collapse

The recent market collapse, which has seen the price of Bitcoin drop by more than 28% over the last 30 days, might be affecting the earnings of cryptocurrency miners. Amid the bear market, several mining companies in the area, including Bitfarms, have acknowledged selling part of their Bitcoin holdings. It's unclear how the recent volatility may affect White Rock's operations in the Lone Star State.

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Bitcoin Mining White Rock Management Andy Long First US Bitcoin Mining Operation BTC Mining Operations
White Rock Management Launches First US Bitcoin Mining Operation
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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