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MineBest’s Strategic Expansion in the USA: A Milestone in Bitcoin Mining Operations

    MineBest Team

    MineBest Team

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    Date icon
    4 min read
    Date icon
    20.09.2024

    At MineBest, we are excited to announce a major milestone in our global expansion strategy: our Bitcoin mining operations in the United States are officially underway. This move marks a new chapter for MineBest as we continue to grow our global footprint and harness the immense potential of the US market.

    The site in Texas is set to scale up to 280 MW in power capacity, providing us with the opportunity to grow and strengthen our Bitcoin mining operations significantly. As part of this expansion, we have already connected our first batch of Bitmain S19j Pro miners at the location to Binance Pool, one of own strategic partners, and plan to connect hundreds of miners on a weekly basis.

    Why Texas? The Strategic Hub of Bitcoin Mining

    Texas has become the epicenter of Bitcoin mining in the US, attracting some of the largest publicly listed mining companies in the industry. Its combination of affordable energy, friendly regulatory environment, and a well-established infrastructure for large-scale operations makes it the ideal location for Bitcoin mining expansion. In fact, the United States is now considered the global hub of Bitcoin mining, with over 40% of the world’s Bitcoin hashrate concentrated in the country. This strategic positioning offers tremendous advantages for MineBest, allowing us to tap into the abundant resources and expertise available in the region.

    As we continue to expand, we are coordinating closely with our strategic Bitcoin mining partner in the US, ensuring that our operations are seamless and fully optimized. This partnership underscores our commitment to delivering top-tier mining solutions to our clients, leveraging the best resources and expertise available in the industry.

    State-of-the-Art Facility: Setting New Standards in Mining Operations

    Our Texas facility is situated on the property of a strategic partner, ensuring that our operations are held to the highest standards of stability, trust, and cutting-edge technology. With the backing of this local partner, we are confident that our facility meets the demands of state-of-the-art operations, providing both security and transparency for our clients and investors.

    We will soon be offering tours of the facility to our strategic partner and clients, providing a first-hand look at the power and scale of our Bitcoin mining operations. This opportunity will allow them to witness the advanced infrastructure and operations we have in place to support our ongoing expansion.

    A Huge Milestone for MineBest

    This expansion into the US represents a huge milestone for MineBest. It is a testament to our strategic vision and our commitment to becoming a global leader in the Bitcoin mining industry. By expanding into one of the most significant Bitcoin mining markets in the world, we are positioning ourselves for long-term success and growth.

    Eyal Avramovich, CEO of MineBest, shared his excitement about this new phase of growth:

    “We are thrilled to establish a strong presence in the United States, a country that is leading the way in Bitcoin mining innovation. This is an exciting time for MineBest, as we expand our operations to scale up significantly in the months ahead. Our expansion into the US is part of our long-term vision to grow globally and provide our clients with the most efficient and reliable Bitcoin mining solutions. We are even considering the possibility of an IPO in the future, as we continue to grow and solidify our position in the market.”

    As we continue to expand in the US and beyond, we remain focused on delivering exceptional value to our clients. The future of Bitcoin mining is bright, and MineBest is committed to leading the way with strategic investments, cutting-edge technology, and strong partnerships.

    Stay tuned for more updates on our exciting journey in the US and our plans to shape the future of Bitcoin mining.

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