Bitmain is Expanding to the United States

Major China-based cryptocurrency miner Bitmain is looking to carve an entry into the United States. The company is looking to expand in the port of Walla Walla, a city in Washington. The news was first published in a local publication, Union-Bulletin. Though Bitmain has not made any announcement of the expansion, the article mentions a company called Ant Creek to be the one setting shop. According to the online registration data, Ant Creek was registered in the state of Washington last year for which Bitmain co-founder Jihan Wu is the sole governing person.

According to the article, the Port of Walla Walla would be leasing land from early 2019 and the company will be given an option to purchase up to 40 acres in future. The Port officials have also reported that this could bring between $7 to $10 Million of private investment and up to 15-20 full-time jobs. Also, Port Executive Director Patrick Reay said his agency has been working with Antcreek LLC for about six months on the development of a blockchain facility. Patrick is not concerned about electricity demand because they’re not an electric purveyor.


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