Sustainable digital asset miner Merkle Standard and blockchain technology leader BITMAIN have announced that they have formed a joint venture to develop up to 500 MW of clean digital mining infrastructure.
Upon full development, the data centre could support the deployment of over 150,000 mining machines. The joint venture will run exclusively BITMAIN mining equipment, utilising BITMAIN’s latest cutting-edge mining technology, and is expected to be one of the most efficient digital asset data centres globally.
Du Shisheng, CEO, BITMAIN’s mining division, said: “We are excited to form this strategic partnership with Merkle Standard. Our partner’s ability to execute, operate, and focus on sustainability aligns perfectly with our global business strategy. The developed infrastructure will exclusively support BITMAIN equipment, and will be supplied with the latest technology we have to offer.”
BITMAIN will contribute capital investment along with the team’s extensive engineering and data centre development resources to the project. Merkle Standard, as the majority owner of the joint venture, will manage the operations and will oversee the data centre development process. Through the joint venture, Merkle Standard plans to significantly expand its self-mining capacity in 2022.
“Our joint venture further solidifies strategic partnership with BITMAIN, and we are excited to leverage our combined resources to develop the industry’s most efficient digital asset mining data centres. BITMAIN’s carbon neutral strategy makes BITMAIN an ideal partner to grow our sustainable infrastructure initiative,” said Ruslan Zinurov, CEO and co-founder of Merkle Standard.
The first phase of the data centre development has begun at Merkle Standard’s flagship 225 MW site in Eastern Washington and is expected to be fully completed in Q2 2022. Merkle Standard plans to initially deploy a variety of S19J Pro, S19 XP, and S19+ Hydro mining equipment at the site. In addition to the Eastern Washington data centre, the partners are finalising plans to develop various expansion locations throughout the United States.