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Bitfury, blockchain company launches new crypto-mining data centre in Canada

Bitfury, a blockchain business, has opened a new crypto-mining data centre in Ontario, Canada. The new crypto mining hub joins the existing mining operations in Drumheller, Alberta, and Medicine Hat, Alberta.

Bitfury teamed with Hut 8 Mining, a Bitcoin (BTC) mining firm registered on the Toronto Stock Exchange, to start up operations across North America. By the end of this month, the new crypto mining plant in Ontario should be up and running at 16 megawatts (MW).

Michelle Rempel Garner, a member of Canada’s House of Commons, proposed a bill earlier this month advocating a framework to support crypto growth. “Among other things, the framework must focus on lowering obstacles to entry into the crypto asset industry while protecting people working in the sector and eliminating administrative cost,” Garner wrote in his proposal.

Kunal Krishan
Kunal is an investment space writer who firmly believes investment is something which should not be a choice but a part of everyone's life.
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