On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
On Wednesday, the firm Bit Mining Limited, formerly known as 500.com, announced it has entered into a binding investment in a cryptocurrency mining data center located in Texas. The binding investment worth $25 million is with Dory Creek, LLC as the two companies will construct and operate a 57.2 MW mining facility powered by 85% low-carbon energy.
Bit Mining Pledges $25M to Build a Texas Mining Facility With Bitdeer
The Chinese company Bit Mining Limited has been making a number of moves into the cryptocurrency mining industry after the business used to be dedicated to lottery operations. Back in mid-February, Bitcoin.com News reported on Bit Mining when the company was called 500.com and the firm announced it acquired the mining company Btc.com.
In April, the company revealed it had rebranded and Bit Mining Limited (NYSE: BTCM) also said it acquired the mining rig manufacturer Bee Computing. The partnership with Dory Creek, a wholly-owned subsidiary of Bitdeer, was announced on May 19.
The two firms will invest $25.74 million in order to “jointly construct and operate the Texas Mining Center.” The Shenzhen-based company highlights in the announcement that the business operation is focused on “lowering its carbon footprint” and “protecting the environment.”
“The total power capacity of the Texas Mining Center is 57.2MW, with more than 85% of its power generated by clean and low-carbon energy,” Bit’s Texas Mining Center announcement states. “As the electricity supply is further optimized in Texas, the Texas Mining Center will use higher proportions of electricity generated by clean energy.”
Bit Mining’s Texas Crypto Mining Center Announcement Focuses on Carbon Neutrality
Bit’s current data centers in Sichuan Province, China “run 100% on clean energy,” the company claims. The new operation in Texas can help the local economy and further “provide local employment opportunities,” Bit Mining says.
The company’s announcement is littered with commentary about carbon neutrality as if it’s taken notice of the recent energy drama sparked by Tesla in recent times. Meanwhile, following the announcement on Wednesday, the following day, BTCM shares jumped over 7% during the last 24 hours.
“Upon completion of the Texas Mining Center,” Bit’s announcement concludes. “Over 98% of the company’s total power capacity would be generated by clean and low-carbon energy. Going forward, Bit Mining intends to do its part, fulfill its obligations to achieving carbon neutrality and proactively seek out additional high-quality mining resources overseas.”
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