Chinese Crypto Miner The9 Expands in US With Compute North Deal

The9 has signed a 32 megawatt (MW) mining capacity deal with Compute North to deploy 10,000 miners in the U.S.

The high-end S19j miners will be online in the second quarter of 2022, the Shanghai, China-based miner said in a statement.
The company also plans to add 14,000 miners with other hosting partners in countries including Canada, starting in December.
With all 24,000 miners online, the company expects to have a hash rate of 2,160 petahash per second (PH/s).
The move is the latest in the “great migration” of China-based crypto mining companies moving into other regions, particularly North America.
On Oct. 19, Singapore-based miner Atlas Mining signed a 100-megawatt deal with Compute North to expand its U.S. mining operations.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Aoyon Ashraf

Aoyon Ashraf is managing editor with more than a decade of experience in covering equity markets

Follow @Aoyon_A on Twitter

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.