Bitmain has reached an agreement with ENEGIX to have Antminer S19 Pro placed in Kazakhstan. ENEGIX is a Kazakh data center. This announcement was made on the Hong Kong company’s website. Bitmain will use ENEGIX’s data center to host its 180 MW farms in the partnership.
Bitmain is currently negotiating contracts to buy electricity and develop projects for more mining companies.
ENEGIX stated that it would build more mining infrastructure over the next few years to meet increased demand.
After the Chinese government banned cryptocurrency extraction in the country, miners began to demand objects from Kazakhstan.
Due to the mass migration of miners, Kazakhstan made it into the top three for bitcoin network hashrate. The result was that Kazakhstan’s mining market share grew from 1.4 percent in September 2019 to 8.2 percent by April 2021.
But, not everyone believes Kazakhstan will be the last mining hub. CNBC interviewed experts who said that Kazakhstan is only a temporary stop. They say that the West will be their final destination.
According to Luxor Mining CEO Alex Brammer, Kazakhstan will soon have large mining companies using obsolete equipment. Legacy machines will be retired, and new mining farms built-in energy-efficient areas.
Read Also: Ukraine Will Accept Bitcoin Payments Legally
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.