Toronto-based Bitcoin mining company, Hut 8, has announced the completion of its second mining facility in Canada, claiming to have become the world’s “largest publicly-traded” operator by capacity.
Hut 8 revealed its Medicine Hat farm had been completed ahead of its September deadline, joining its existing operation in the city of Drumheller. Launched through a partnership with BitFury, which provided the company access to mining hardware and other necessities, Hut 8 has mined around 1,900 Bitcoin (BTC) since its original launch in December last year.
Hut 8 president and CEO Andrew Kiguel noted in the press release: “With 66.7 MW of aggregate operating capacity, we believe we are the largest cryptocurrency miner in Canada and the largest publicly-traded cryptocurrency miner by operating capacity in the world.”
Canada has become a challenging environment for large-scale cryptocurrency miners in the last few months. Attempts to engage in the practice in the province of Quebec met with considerable opposition from local politicians, who criticize the lack of “value” such businesses would give back to the economy.Trade crypto now