Bitcoin Mining Company, Merkle Standard Buys 13,500 BITMAIN Mining Rigs

Bitcoin Mining Company, Merkle Standard Buys 13,500 BITMAIN Mining Rigs
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A sustainable digital asses mining platform, Merkle Standard has announced a new purchase order from Bitmain Technologies Limited. The purchase agreement is for 13,500 mining rigs from a leading ASIC mining manufacturer. This acquisition consists of 6,000 latest generation BITMAIN S19 XP machines with a hash rate of 140 TH/s and power efficiency of 21.5J/TH, which will improve operating capability. The purchase order will be delivered monthly from July to December of 2022. This new purchase of Merkle Standard also includes a high performing miner named 7,500 BITMAIN S19J Pro, which has a maximum hah rate of 100 TH/s and will be shipped July 2022 to September 2022.

These miners will be later deployed at the company's 225 MW flagship site in Eastern Washington. The Washington facility is the key to building a robust infrastructure and promoting Merkle's mission to become North America's largest mining platform. The purchase of ASIC miners will guarantee the company's ability to grow its hash rate at an average of 25.5 W/TH. This purchase signifies the commitment of the company to become a market leader in the most sustainable and efficient ways, backed by the power of a digital currency.

About Merkel Standard

Merkle Standard is a dominant digital asset mining company focused on developing North America's most efficient and integrated self mining platform producing a negative carbon footprint. The company's premier mining facility contains 225 MW of power infrastructure, with an expansion capacity of 500 MW.

What is Bitcoin mining?

Bitcoin mining is a process of circulating new Bitcoins; it plays a critical role in maintaining and developing the blockchain ledger. Mining involves using sophisticated hardware that can solve a highly complex computational math problem. Cryptocurrency mining is costly and requires thorough attention. However, mining attracts investors because miners are rewarded for their work with crypto tokens. The primary purpose of mining is to monitor and legitimize Bitcoin transactions, ensuring their validity. As these responsibilities are spread among many users worldwide, Bitcoin is thus a decentralized currency as no one relies on a central authority or a central bank.