press release
PRESS RELEASE. Irvine, California, January 21, 2022: Merkle Standard, a sustainable digital asset mining platform, announced a new miner purchase order from Bitmain Technologies Limited. The executed purchase agreement is for 13,500 mining rigs from the leading ASIC mining manufacturer and aligns with Merkle Standard’s goal of becoming the industry’s most efficient and sustainable miner.
The acquisition of the miners consists of 6,000 latest generation BITMAIN S19 XP machines which boast a hash rate of 140 TH/s and 21.5J/TH power efficiency that significantly improves its operating capability. The purchase order provides for a monthly allotment to be delivered from July to December of 2022.
The new purchase of Merkle Standard also includes 7,500 BITMAIN S19J Pro, a high performing miner that generates a maximum hash rate of 100 TH/s and will be shipped July 2022 to September 2022. The miners will then be deployed at the company’s 225 MW flagship site in Eastern Washington.
“This purchase from our strategic partner, BITMAIN, reflects Merkle Standard’s commitment to becoming one of the most efficient and sustainably focused miners,” said Ruslan Zinurov, CEO of Merkle Standard.
This Washington facility is the key to the vision of building a power infrastructure and to drive Merkle Standard’s mission of becoming one of North America’s largest mining platforms.
“Our growing strategic partnership with Merkle Standard reflects the continued success of the company and how it positions itself to become a market leader by leveraging BITMAIN’s latest Bitcoin mining technology. The acquisition of new and powerful machines will lead the company into greater heights and solidify its growth in this digital era”, says Irene Gao from BITMAIN.
With the purchase of the ASIC miners, it will guarantee the ability of the company to grow its hash rate at an average efficiency of 25.5 W/TH. This new purchase will showcase the commitment of the company to be a market leader in the most efficient and sustainable way, backed by the power of digital currency.
About Merkle Standard
Merkle Standard is a premier digital asset mining company with a distinct focus on developing North America’s most efficient vertically integrated self-mining platform with a negative carbon footprint. The company’s flagship mining facility features 225 MW of power infrastructure, with expansion capabilities up to 500 MW. Merkle Standard’s management has over 18 years of digital asset mining experience.
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