Cryptocurrencies
Crypto Giant Bitmain Is Setting Up a Miner Matchmaking Service
- Platform will connect hardware owners with data centers
- China’s intolerance of crypto has led to mining-farm closures
Bitmain Technologies Inc. application specific integrated circuit (ASIC) units.
Photographer: Tomohiro Ohsumi/BloombergThis article is for subscribers only.
Bitmain Technologies Ltd. dominates cryptocurrency mining by selling the chips that generate most of the world’s new virtual coins. Now it wants to expand its grip on the industry by helping miners find optimal locations to host their lucrative machines.
The Beijing-based company announced Friday that it will launch a first-of-its-kind platform to connect crypto miners with data-center facilities. The World Digital Mining Map will serve as an online hub for mining farm owners to tout their warehouse setup and capacity, with Bitmain’s support in areas like design and operations.