Mining Round-Up: Sky Mining CEO Flees with $35 Million, Texas Attracts Miners

Mining Round-Up: Sky Mining CEO Flees with $35 Million, Texas Attracts Miners

THELOGICALINDIAN - In contempo mining account it has been declared that the CEO of Vietnambased Sky Mining has fled the country with 35 actor USD in broker funds in his control Meanwhile in the US Tmgcore has acquired a 100megawatt abstracts centermost in Dallas Texas and bounded media accept appear that Bitmain will accessible a mining ability in a above aluminium smelter in Rockdale Texas

Also Read: Market Caps for Privacy-Centric Currencies Have Dropped Significantly

Investors Allege CEO of Vietnamese Mining Company Fled to U.S. With $35 Million

Mining Round-Up: Sky Mining CEO Flees With $35 Million, Texas Attracts MinersInvestors and lath associates of Ho Chi Minh City-based Sky Mining accept bidding fears that the company’s arch controlling officer, Le Minh Tam, has fled the country and run abroad with about $35 actor USD in investors funds.

According to local media, Mr. Tam has not been contactable back Monday, with the barring of an acknowledgment agenda acquaint to investors on Wednesday via Facebook. Investors reportedly visited the company’s capital appointment in Phu Nhuan District to ascertain “the architecture bankrupt and the aggregation nameplate removed.” Additionally, “all 600 mining machines in the company’s branch in the adjoining Dong Nai Province’s Bien Hoa Town had been taken abroad by a accumulation of bodies claiming to be aliment workers.”

Le Minh Hieu, the agent administrator of the company, is basic a acting lath to “support investors and account the actual asset[s] of the company,” and has accused the CEO of beat to the United States. “[The board] has appear this to the badge and showed affirmation that we are not guilty,” said Mr. Hieu.

Bitmain to Open Mining Facility in Former Aluminum Smelter

According to bounded media, Bitmain will be aperture a bitcoin mining ability in a above aluminum bulb in Rockdale.

Jeff Mosier, an activity and ambiance anchorman for Dallas News, states: “The new Bitcoin mining ability is activity to be aperture at the above Alcoa Aluminum smelter, and that’s abutting aperture to the atramentous bulb that aloof closed. So now that that’s gone, they accept a big automated ability with lots of electricity basement [capable of] Bitcoin mining, which is about a huge server farm.”

No adumbration has been fabricated as to back the ability will barrage operations, however Dallas News letters that a advertisement on job armpit indicates that Bitmain Technologies is gluttonous to apply a activity administrator for the Rockdale location. According to the publication, the ability is accepted to actualize “300 to 500 jobs.”

Tmgcore Purchases $60 Million Data Center in Dallas

Mining Round-Up: Sky Mining CEO Flees With $35 Million, Texas Attracts MinersMining aggregation Tmgcore has acquired a “$60 actor USD, 150,000-square-foot abstracts center” in Plano, Dallas, according to bounded media.

The ability is reportedly able of a 100-megawatt ability load, with the Tmgcore arch controlling officer, JD Enright, stating: “One of the things you charge is a lot of power, and there’s not a lot of places with 100 MW lying around.”

Mr. Enright claims that the aggregation has “developed a two-phase aqueous cooling Immersion technology to badly abatement cooling costs by up to 90 percent, acceptance us to abundance anywhere — alike in Plano in the average of the summer.”

Do you anticipate that Texas will abide to see advance from cryptocurrency mining companies? Share your thoughts in the comments area below!

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