The Bitcoin mining sector in North America is growing at around 15% annually, mainly due to dropping electricity costs. CJMining, a well-known mining service provider, plans to acquire a 53-megawatt facility in Oklahoma that offers electricity at just $0.029 per kWh, significantly lower than the North American average. The facility is equipped with advanced technology and security systems. As part of its strategy, CJMining has also launched a new mining pool with competitive fees starting at 0.4%. With ambitions to reach 1 gigawatt of global mining power, CJMining aims to enhance its Market position through low-cost energy advantages and community-driven initiatives.
Columbus, OH, March 18, 2025 – The Bitcoin mining industry in North America is booming, showing an impressive annual growth rate of around 15%, according to a recent analysis by CoinDesk. This surge can be attributed to the continued decrease in electricity costs, making it an opportune time for companies in this sector to expand their operations.
CJMining, a prominent player in the Bitcoin mining services Market, has announced plans to acquire a controlling stake in a 53-megawatt mining facility in Oklahoma. This facility is not only strategically located in an unpopulated area but also boasts advanced technology and a favorable electricity rate of just $0.029 per kilowatt-hour, which is significantly lower than the industry average of $0.04 per kilowatt-hour in North America.
The acquisition is set to complete in the first half of 2025, pending legal due diligence and financial audits. CJMining’s CEO articulated a clear vision for the company, emphasizing the importance of leveraging low-cost energy in high-growth regions. This acquisition is intended to help CJMining reach its ambitious goal of achieving 1 gigawatt of global mining power capacity.
Moreover, CJMining has recently launched a mining pool called CJMining Pool, which offers competitive commission rates starting at just 0.4%. This platform allows miners to access real-time monitoring tools and profit-maximizing solutions, enhancing their mining experience.
Recognizing the value of community engagement, CJMining has also introduced a referral program to encourage users to invite friends to join the Bitcoin mining venture. This strategy not only boosts individual earnings but fosters a collaborative mining community, aligning with current trends in digital Marketing.
As the industry enters a new phase of growth in 2025, CJMining is well-positioned to take advantage of these Market dynamics. By continuing to forge partnerships with leading mining equipment manufacturers, the company aims to maintain its technological edge and long-term profitability.
For more information, visit www.cjmining.com.
Media Contact:
Andrew Jackson
CJMining
Email: support@cjmining.com
Website: www.cjmining.com
What is CJMining’s recent expansion in North America about?
CJMining is expanding its operations in North America by planning to acquire new assets that will generate 53 megawatts (MW) of energy. This move is part of their strategy to grow and provide more sustainable mining solutions.
Why is CJMining focusing on renewable energy?
CJMining aims to use renewable energy to power their mining activities. This approach helps reduce environmental impact and supports the global shift towards cleaner energy sources.
When will the acquisition of the 53 MW take place?
The exact timeline for the acquisition of the 53 MW assets has not been specified. However, CJMining is working to finalize the details as soon as possible.
How will this expansion benefit local communities?
The expansion is expected to create new jobs and economic opportunities in the local communities where CJMining operates. It will also promote sustainable practices, contributing to local development.
What are the company’s future plans beyond this expansion?
CJMining plans to continue seeking new opportunities for growth in the renewable energy sector. They aim to expand their mining projects while ensuring environmental sustainability and supporting local economies.