UnitedCorp BlockchainDomes Mining Rigs Expansion Plans (4 Years, $21 Million) Announced

United American Corp’s Blockchain Data Centers (BDC) Inc. has announced a CD$21 million agreement to expand its existing Hosting Service with a Vancouver-based technology company.

The announcement followed the performance and efficiency of the BDC’s first BlockchainDome which has made their customer quadruple it original agreement, said UnitedCorp’s President Benoit Laliberte.

According to the new agreement, BDC will increase hosting of the company's mining rigs from 1,000 to a total of 4,000.

Implementation has started

Initial financial advances per the agreement has already been released to BDC and the company said it has commenced construction to increase its BlockchainDome Heat Station capacity. The first additional mining rigs are expected to be online in August as they expect to receive further scheduled advances based on implementation milestones over the next 2 months.

BDC said it will continue to develop plans for its retail operation which will provide clients with miners and space in its BlockchainDomes as well as turnkey-managed mining services to individuals. It said its retail operations will launch later this year.

The BlockchainDome Boasts Proprietary Technology

The UnitedCorp's BlockchainDomes utilize a proprietary passive cooling ground-coupled heat-exchanger technology which provides a highly efficient cooling solution for high-density mining operations which contain some of the hottest running computers in the world.

The technology uses Canadian well and chimney effect principals, combined with a technique which utilizes Negative Air Pressure Mining Rig docking station adaptors, another proprietary technology. This process takes surface air and cools it naturally without electricity via a passive subterranean heat exchange system. The cool air is then heated as it cools cryptocurrency mining rigs and this heat is used to support large scale greenhouse agricultural operations through the BlockchainDome heat generation system which can keep greenhouses in excess of 25oC year round.

The productivity and efficiency of the UnitedCorp’s BlockchainDomes is said to have a significant competitive advantage over traditional ‘Bricks and Mortar' installations that rely on active cooling systems and the company is targeting a 23-30% reduction in total cost of ownership.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,440FansLike
2,795FollowersFollow
4,189FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

China’s Largest Mining Chip Maker, SMIC, Gains Regulator’s Approval On $2.8B IPO

One of China’s biggest semiconductor manufacturer, SMIC, announces plans to raise a $2.8 billion public sale IPO on the Sci-Tech Board of the...

Bitcoin Flash Crashes to $8,600 with BitMEX Shenanigans at Play Again

Bitcoin doing bitcoin things! Today, Bitcoin had yet another moment like March 12, although the price didn’t crash that low. https://twitter.com/100trillionUSD/status/1267835341987340288 Yesterday, Bitcoin jumped as high as...

AVA Labs Integrates Chainlink’s Decentralized Oracles to Improve DeFi Dapps Development

AVA blockchain, becomes the latest platform to add Chainlink, a decentralized oracle system to its platform. The integration of Chainlink to the Dapp blockchain...

Binance Korea to Improve KYC/AML Framework With Coinfirm's Compliance Solution

Binance South Korea unveiled a unique partnership with Blockchain analytics firm, Coinfirm that will help Binance remain compliant with the strict AML framework...

2nd Largest BTC Mining Pool, Poolin, Collabs With BlockFi, To Boost Crypto Lending Service

Poolin and BlockFi have formed a partnership as the latter aims to extend loans to the mining pool. Bitcoin (BTC) and mining equipment...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today