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Author Topic: [2018-03-09] Bitcoin Mining Giant Bitmain Sets Up Secret US Subsidiary  (Read 27 times)
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March 09, 2018, 03:53:11 PM

Cryptocurrency mining specialist Bitmain may be quietly developing new facilities in America's Pacific Northwest, documents suggest.

While nothing has been stated publicly by Bitmain, the bitcoin mining hardware producer appears be connected to a new company called Ant Creek, LLC, that, reports say, is trying to build mining facilities in Washington state.

According to business data site, Bitmain's co-founder, Jihan Wu, is the sole governing person behind Ant Creek, which was founded on June 28, 2017 and is registered as an active for-profit entity in the state.

While the company does not have a listed address, the Walla Walla Union-Bulletin reports that the Port of Walla Walla, a city in Washington, is considering a land-use agreement with Ant Creek. Under the terms of the agreement, Ant Creek would lease land from the beginning of 2019, with an option to purchase up to 40 acres.
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March 10, 2018, 01:02:09 AM

Should we be worried about the centralisation on cryptocurrency mining. It's almost as if we can't escape central sources of currency in society. At least the thing they are making is decentralised it's just a shame the profit is shared between such few
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