Minor company White Rock Management is expanding into Texas. – Latest News

White Rock Management is a global digital asset mining company. Recently, it announced the rollout of its first American Bitcoin mining facility. It is located in the valley of Brazos in Texas.

The firm of White Rock Management established in the United States

The initial mining will be powered by natural gas derived from active oil wells located on site. He is situated north of Houston. otherwise White Rock joins forces with NGON, a green energy technology and services company. This is to capture the gas through environmentally friendly mitigation services. So it can then divert the energy to produce bitcoin.

Using the facilities of NGONthe new operation of White Rock in Texas cements the company’s commitment. This towards environmentally friendly bitcoin mining. Capturing and recycling natural gas into energy presents 2 main advantages :

  • Grid energy saving: burns fossil fuels using gas that would otherwise have been burned in the atmosphere – recycles approximately 82 million cubic feet (82,000 MCF) of natural gas per megawatt.
  • Reduced venting of methane into the atmosphere from inefficient flares: it uses processes NGONthe operation of White Rock prevents approximately 4 million cubic feet (5,000 MCF) per megawatt of environmentally harmful methane to be vented each year

Additionally, the news reinforces White Roc’s position as an emerging player in the global crypto mining industry.

Commenting on the news, Andy LongCEO of White Rock Management, said: ” The mine Brazos Valley is the first of several grid-independent installations we are planning in Texas. They will use natural gas derived from active oil wells. Then turning the waste into an energy source reliable and off-grid.

White rock plans global expansion

Otherwise, White Rock is focused on building and operating modern facilities in reliable geographies around the world. Its bitcoin mines are equipped with chips ASICs latest generation provided by bitmain. The latter is the partner and leader of the mining industry. Indeed, this action will increase the productivity and profitability of the company.

Serhiy Tron, founder of White Rock Management, pointed out, “We are in expansion mode. Actively exploring additional locations in the United States and elsewhere in North America, Europe and Latin America. This with favorable business and political environments. We are also looking for potential M&A opportunities within the bitcoin mining industry as the current market environment is conducive to both mergers and acquisitions. acquisitions and strategic partnerships. »

In short, the modern and green data centers of White Rock in Sweden have a total capacity of 30 MW. After the start of operations in the United States, his hashrate total should exceed 1.6 PE/s.

Read: Breitling partners with Bitpay to enable crypto payments for its luxury watches.

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Minor company White Rock Management is expanding into Texas. – Latest News

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