Bitfury Group Launches New Digital Asset Mining Facility in Ontario

Adds to Existing Sites in North America, Scandinavia, and Eastern Europe/Central Asia

AMSTERDAM--(BUSINESS WIRE)--Bitfury Group (“Bitfury” or the “Company”), the Bitcoin mining and crypto tech pioneer, today announced the launch of a new 28MW digital asset mining data center in Sarnia, Ontario. The facility has commenced operations with expected capacity of 16MW by the end of February and an additional 12MW of capacity to be completed by the end of May. The project has expansion potential of up to 200MW.

The Sarnia facility is equipped with Bitfury’s proprietary blockchain software and hardware solutions, including its specialized ASIC chips and other high-performance mining equipment. The new facility expands Bitfury’s hosting capacity and adds to the Company’s existing active digital asset mining sites in North America, Scandinavia, and Eastern Europe/Central Asia.

Brian Brooks, Chief Executive Officer of Bitfury, said, “As one of the industry’s first and most established Bitcoin miners, we are pleased to continue to expand our operations with the launch of our state-of-the-art facility in Sarnia. The demand for exposure to digital assets is exceptionally high, and the combination of Bitfury’s best-in-class infrastructure and proven operational expertise uniquely positions us to serve as a partner of choice to customers and investors globally.”

Oleg Blinkov, Bitfury’s Head of Data Center Development and Operations, said, “Bitfury strives to provide a leading turn-key digital asset infrastructure and mining solution to customers by continuously developing competitive products that harness the benefits of optimal energy, ultra-high-performance equipment, and unmatched data center management experience. North America continues to represent an attractive, strategic market for Bitfury and digital asset mining at large, and we are excited to deepen our presence here and around the world.”

About Bitfury Group

Bitfury Group is the world's leading technology company unlocking the full value chain of Bitcoin and other digital assets. Bitfury™ has built on its heritage as one of the earliest Bitcoin miners and developers of mining equipment to create solutions for the future – solutions such as the Crystal™ Blockchain advanced analytics platform, which helps law enforcement and private sector clients make crypto assets safer and more compliant; the LiquidStack™ immersion cooling business, which dramatically reduces data center energy usage and makes Bitcoin mining and high performance computing more environmentally sustainable; Axelera AI, which unlocks the potential of artificial intelligence with the world’s most advanced AI technologies; and others. Our mission is to make the world more secure by innovating at every level of technology – hardware, security, and software – to put trust back into the equation. To learn more, visit https://bitfury.com/.