The state of Washington in the U.S. appears to be one divided. Some counties have voiced their concern at crypto miners operating in some cities, while one county has welcomed one of the biggest industry names, Bitmain, with open arms.
The lack of clarity regarding industry regulations in the U.S. has resulted in major exchanges like Bitmora and Binance seeking warmer shores to expand their platforms. In addition, authorities in certain regions in the country have publicized their concerns when it comes to cryptocurrency miners moving to their areas, citing an increase in noise pollution and power consumption as reasons for their displeasure.
In fact, Live Bitcoin News recently reported on how certain counties in the state of Washington have put moratoriums in place and have also proposed structures that would require mining operators to pay higher electricity rates. This is why it may come as a bit of a surprise that one location in the state has welcomed a major mining player to set up shop in their county.
Washington Welcomes Major Mining Company
According to the NW News Network, a company that is arguably synonymous with crypto mining, Bitmain, has expanded to North America and opened a six-building data center in Douglas County in Washington state. The new center comes in the wake of a slump in interest in the mining industry, something that Bitmain isn’t overly concerned about. Its Director of Operations for North America, Jeff Stearns, explained why:
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 [an] opportunity for a company such as ourselves.
Bitmain team members aren’t the only ones excited about their expansion. Lisa Parks, who is the Port of Douglas County Executive Director, touched on the impact that this new venture could have on the county, saying:
Anytime there is a new industry, it is going to be something that makes people uncomfortable. It is an industry that consumes a lot of power. From our perspective though, we were looking at it as a way in which we can complement and advance our other industries in our community.
Bitmain Keeping Busy
It seems as if Bitmain sees the state of Washington playing a big part in its future plans. The company signed a lease for 10 acres of land in Walla Walla County for the proposed development of another data center. However, the company may let this lease lapse due to the cost of building the center.
Some residents of the county were also against the idea with one referring to crypto mining as “legalized gambling.” In addition, Bitmain purchased a property in Chelan County, which is being used as an electronics repair facility.
The company is also making moves closer to home and is currently in the application process of having its shares listed on the Hong Kong Stock Exchange.
What do you think of Bitmain’s expansion to the United States? Let us know in the comments below!
Images courtesy of Pixabay and Shutterstock.