China-based, world's largest designer of ASIC chips and hardware solutions for bitcoin mining Bitmain Technologies has established a foothold in the Pacific Northwest by buying a $20 million data center near the Wenatchee airport, according to the report of local news media outlet knkx.
Thus, currently six buildings in the new Bitmain complex are packed with thousands of specialized computers that earn virtual currency by maintaining bitcoin's electronic ledger of transactions.
"We're really focused on the long term. I would say in this bear market situation, and I would call it that at this point in time, that really represents opportunity for a company such as ourselves." said Bitmain's Director of Operations for North America Jeff Stearns.
It was also reported that Bitmain has secured other properties in central Washington. In July, the company signed a , lease with the Port of Walla Walla for 10 acres of undeveloped land near Wallula, Washington.
The grand opening was organized in a very celebratory mood despite headwinds besetting the virtual currency sector following the dawn fall of top cryptocurrencies.
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