MacMusic  |  PcMusic  |  440 Software  |  440 Forums  |  440TV  |  Zicos
farm
Search

Armenia Opens $50 Million Bitcoin, Ethereum Mining Farm

Sunday October 21, 2018. 11:21 PM , from Slashdot
Armenia has opened a cryptocurrency mining farm to the tune of $50 million. It reportedly mines Bitcoin and Ethereum and consists of 3,000 machines. Chepicap reports: The country's first mining project, launched in the Armenian capital of Yerevan, is headed by Armenian real estate investment company Multi Group Concern and Malta-registered Omnia Tech International Company. Armenian entrepreneur and head of Multi Group, Gagik Tsarukyan said at the ceremony that $50 million had been invested into the farm. The first floor of the farm is designed for an IT business center with around the clock operating services. Bitcoin.com reports that Armenia is working at establishing its own Silicon Valley through the development of a free economic zone that will boast an advanced technology center.

Read more of this story at Slashdot.
rss.slashdot.org/~r/Slashdot/slashdot/~3/1NBBYN6PUqk/armenia-opens-50-million-bitcoin-ethereum-minin...
News copyright owned by their original publishers | Copyright © 2004 - 2024 Zicos / 440Network
Current Date
Mar, Fri 29 - 06:31 CET