{"id":468540,"date":"2022-06-28T22:20:35","date_gmt":"2022-06-28T19:20:35","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/switzerland-based-crypto-mining-firm-expands-operations-to-texas\/"},"modified":"2022-06-28T22:20:35","modified_gmt":"2022-06-28T19:20:35","slug":"switzerland-based-crypto-mining-firm-expands-operations-to-texas","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/switzerland-based-crypto-mining-firm-expands-operations-to-texas\/","title":{"rendered":"# Switzerland-based crypto mining firm expands operations to Texas"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a26bb79e84c0\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a26bb79e84c0\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/switzerland-based-crypto-mining-firm-expands-operations-to-texas\/#%E2%80%9D_Switzerland-based_crypto_mining_firm_expands_operations_to_Texas_%E2%80%9C\" >&#8221; Switzerland-based crypto mining firm expands operations to Texas &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Switzerland-based_crypto_mining_firm_expands_operations_to_Texas_%E2%80%9C\"><\/span>&#8221; Switzerland-based crypto mining firm expands operations to Texas &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>White Rock Management, a cryptocurrency mining company based in Switzerland, said it will be expanding its operations to the United States, starting with Texas.<\/p>\n<p>In a Tuesday announcement, White Rock <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/white-rock-management-launches-first-us-bitcoin-mining-operation-301576032.html\">said<\/a> it will be partnering with Natural Gas Onsite Neutralization, or NGON, a company that captures natural gas that would otherwise be burned and converts it to energy for use in the firm\u2019s Bitcoin (BTC) mining operations. White Rock said it will be operating out of NGON\u2019s facility in the Brazos Valley region, mining BTC using \u201cenvironmentally responsible\u201d methods.<\/p>\n<p>According to White Rock CEO Andy Long, the move into Texas was just the first in the firm\u2019s plans to expand its BTC mining operations to areas capable of providing energy from natural gas outside the scope of the state\u2019s power grid. The company began mining crypto at data centers in Sweden in November 2021 and reported its operations in the United States will have an initial capacity of 3 megawatts, aiming for the firm\u2019s total hashrate to be more than 1.6 EH\/s.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-06\/68993493-66e2-4801-ac40-059a7487e407.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Crypto mining firm White Rock Management&#8217;s operations in Texas. Source: White Rock<\/em><\/figcaption><\/figure>\n<p>The recent market downturn \u2014 the price of Bitcoin has fallen more than 28% in the last 30 days \u2014 may be impacting crypto miners\u2019 profits. Cointelegraph reported on June 10 that the \u201craw\u201d costs for miners in North America were roughly $22,000 per Bitcoin, with additional costs potentially bringing the total to more than $30,000. Many mining firms in the region including Bitfarms have reported selling some of their BTC holdings amid the bear market.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">So What if the Revenue From Bitcoin Mining is Low?<\/p>\n<p>&#8220;Bitcoin miners are experiencing record-low Revenue. Miners earn Revenue from two sources..&#8221;<br \/>by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoAlliance_?ref_src=twsrc%5Etfw\">@CryptoAlliance_<\/a> <\/p>\n<p>Read More<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/jiIQVzrnpB\">https:\/\/t.co\/jiIQVzrnpB<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/1541243749723844608?ref_src=twsrc%5Etfw\">June 27, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitcoin miners sold their entire May harvest: Report<\/em><\/strong><\/p>\n<p>It\u2019s unclear how the recent volatility may affect White Rock\u2019s operations in the Lone Star State. Prior to the market downturn, Argo Blockchain said it was planning to launch operations in Texas\u2019 Dickens County almost a year after first breaking ground \u2014 the 200-megawatt data center started mining in May. In April, the City of Fort Worth also launched a pilot program to mine BTC using three rigs in its city hall building.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/switzerland-based-crypto-mining-firm-expands-operations-to-texas\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Switzerland-based crypto mining firm expands operations to Texas &#8220; White Rock Management, a cryptocurrency mining company based in Switzerland, said it will be expanding its operations to the United States, starting with Texas. In a Tuesday announcement, White Rock said it will be partnering with Natural Gas Onsite Neutralization, or NGON, a company that&#8230;<\/p>\n","protected":false},"author":1,"featured_media":468541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvZTEzMTE0ZDUtMGE2ZC00M2UyLTk3ZjktNjcyMTgwNGEzZGZkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74989,75042,117,74151,6474],"class_list":["post-468540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-mining","tag-mining","tag-business","tag-switzerland","tag-texas"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/468540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=468540"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/468540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/468541"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=468540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=468540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=468540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}