Arbitrade Ltd. announces that it will start its mining operations with Hayden Gill from Coin Miner LLC, as the company’s leading advisor and consultant. Coin Miner LLC is one of the global leaders in mining infrastructure and hardware supply.
Coin Miner has completed the sale of a 5500 ASIC mining unit to support Arbitrade’s first two tokens, Dignity and Reciprocation. That would allow Arbitrade to diversify its mining portfolio with Algorithms, including the SHA-256 Scrypt, Blake (14r) and Blake (2b).
The mining units are expected to start deployment in about 2 weeks and finishing by mid-June in a top tier Atlanta colocation facility. At the moment, The Watford Ontario Facility is still being built but it is now has 2300 mining rigs from different companies, including Bitmain, Halong, and Canada Computers. In the next weeks, and once the electrical permits pass through the local inspectors, the facility will be deploying new mining rigs.
According to the press release, Hayden Gill advised Arbitrade to acquire additional data colocation facilities, so that there is a way to deploy an important amount of mining rigs to achieve the goal to have 65,000+ mining rigs online by the end of the year.
A large portion of the mined coins are sold in the following way: