CJMining, a leading Bitcoin mining service provider, has announced plans to acquire a 53-megawatt mining facility in Oklahoma, taking advantage of low electricity costs averaging just $0.029 per kilowatt-hour. This acquisition is part of CJMining’s strategy to enhance profitability as the Bitcoin mining industry grows steadily in North America. The facility is equipped with modern infrastructure to ensure high performance. Additionally, CJMining has launched a new mining pool service with competitive commission rates to attract miners. The company’s CEO highlights a vision of reaching 1 gigawatt of mining power capacity while maintaining a secure and compliant blockchain ecosystem. The acquisition is expected to finalize in mid-2025, contingent upon due diligence outcomes.
Columbus, OH, March 18, 2025 – Recent research from CoinDesk reveals that Bitcoin mining in North America has been growing at an annual rate of about 15%. This increase is mainly due to falling electricity costs, which have made mining operations more profitable. In an effort to take advantage of this trend, popular Bitcoin mining company CJMining has announced plans to acquire a 53-megawatt Bitcoin mining facility in Oklahoma, where electricity costs are just $0.029 per kilowatt-hour, significantly lower than the North American average of $0.04 per kilowatt-hour.
The facility, located in a remote area, is equipped with state-of-the-art mining equipment and robust security features. CJMining believes this acquisition will enhance their competitive edge in the Bitcoin mining industry and improve long-term profitability. The deal is set to finalize in the first half of 2025, pending successful financial and legal reviews.
In a recent interview, CJMining’s CEO emphasized the company’s vision for growth, stating, “As the Bitcoin mining industry in North America grows rapidly, leveraging low-cost energy is essential. This acquisition is a critical step towards our goal of achieving 1 gigawatt of global mining power capacity.”
To enhance competitiveness further, CJMining has launched its mining pool service, CJMining Pool, offering a low commission rate of just 0.4%. This platform allows miners to access tools and services that maximize their profitability while simplifying the mining process.
In addition, CJMining encourages community growth with a referral program that rewards users for bringing in new miners. This strategy is expected to boost engagement and enhance the overall mining experience.
Looking ahead, CJMining is well-positioned to thrive, focusing on low-cost energy and strong partnerships with leading technology providers. With these initiatives, CJMining aims to lead in the expanding Bitcoin mining Market as it enters a new growth phase in 2025.
For further details, visit CJMining’s official website.
Media Contacts:
– Andrew Jackson
– CJMining
– Email: support@cjmining.com
– Website: cjmining.com
Disclaimer: This information is not investment advice and involves risk. Always conduct due diligence before investing in cryptocurrency.
What is CJMining planning to do in North America?
CJMining is planning to expand its operations in North America by acquiring 53 megawatts (MW) of energy capacity. This move will help them grow their business and improve their services in the region.
Why does CJMining want to acquire 53 MW?
The acquisition of 53 MW is aimed at increasing their energy supply, which is essential for their mining operations. More energy means they can operate larger equipment and improve efficiency, leading to better production outcomes.
Where will CJMining’s expansion take place?
CJMining’s expansion will take place in North America, though specific locations have not been disclosed yet. The company is looking for strategic sites that will enhance their operational capabilities.
What benefits will this expansion bring?
This expansion will provide several benefits, such as increased energy capacity, better mining efficiency, and the potential for job creation in the region. These factors will help CJMining meet growing demands and improve their overall performance.
How does this expansion affect customers?
The expansion means CJMining can offer better services and higher-quality products to its customers. With increased energy capacity, they can increase production, meet customer needs more effectively, and potentially lower costs.