CoinGeek Mining teams up with BNK Energy to open $15M data center in Kazakhstan

BNK Energy has opened the largest data center in Kazakhstan, which will provide cloud hosting services for CoinGeek Mining’s global fleet.

Located in the city of Ekibastuz in the northeastern region of Pavlodar, the BNK Energy facility—which costs KZT5.7 billion (US$15.32 million)—employs a staff of 16 local technical professionals.

BNK Energy operates with 4MW of energy since its first phase launched in August, but that capacity has been increased by 11MW during the second stage of the launch last September 20, and then by another 18MW in November. BNK Energy projects that the facility will be operating at 33MW by November, with a staff of 60 local professionals.

BNK Energy, described by Egem Qazaqstan news outlet as a provider of “services in the field of [crypto] mining,” offers hosting services for mining farms, including field placement of crypto mining rigs as well as analysis and monitoring of the equipment, and “uninterrupted power and internet communications.”

The firm considers itself one of largest players in the crypto mining field at the moment. It reportedly has chosen to set up operations in Pavlodar due to the surplus of electricity in the region, not to mention the government’s low tariffs for the nascent industry. Pavlodar has been eyeing to attract crypto mining farms and crypto companies as part of its bid to become “a center for popularization of blockchain technologies,” the Kazakh news outlet reported.

BNK Energy officially opened the Ekibastuz facility last Sept. 14, an event that was attended by one of Kazakhstan’s top leaders—Prime Minister Bakytzhan Sagintayev, who examined the mining cells in the first workshop and electronic meters at the control station, according to the Kazakh news outlet.

At the ribbon cutting ceremony, CoinGeek Mining CEO Taras Kulyk said, “The project is a first step in expanding the scope of services within the country and is crucial to developing a long-term partnership with the world-class team at BNK Energy.”

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

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Kazakhstan PM pays a visit to newly-launched crypto mining firm

One of Kazakhstan‘s top leaders has reportedly toured the facility of the country’s largest crypto mining firm, the BNKA Energy LLP, in the northeastern region of Pavlodar.

On Friday, Egemen Qazaqstan reported that Prime Minister Bakytzhan Sagintayev paid a visit to the crypto mining facility located in the town of Ekibastuz, and “examined the mining cells in the first workshop and electronic meters at the control station.”

BNKA Energy, which was described as a provider of “services in the field of [crypto] mining,” was launched last August 6. It offers hosting services for mining farms, including field placement of crypto mining rigs as well as analysis and monitoring of the equipment, and “uninterrupted power and internet communications.”

The firm considers itself one of largest players in the crypto mining field at the moment. It reportedly has chosen to set up operations in Pavlodar due to the surplus of electricity in the region, not to mention the government’s low tariffs for the nascent industry. Pavlodar has been eyeing to attract crypto mining farms and crypto companies as part of its bid to become “a center for popularization of blockchain technologies,” the Kazakh news outlet reported.

Since it was launched, the BNKA Energy facility—which reportedly costs KZT5.7 billion (US$15.32 million)—has been consuming 4MW of energy, but that capacity will be increased by 11MW during the second stage of the launch on September 20, and then by another 18MW on November 20. BNKA Energy plans to consume 33MW by the end of 2018, according to the report.

BNKA Energy’s launch comes several months after Kazakhstan’s National Bank declared that it is mulling a ban on crypto-related activities in the country, including cryptocurrency mining. Last March, National Bank Governor Daniyar Akishev was quoted by local news outlet Sputnik saying: “We want to ban the exchange of digital currencies for the national currency. We want to prohibit the stock exchange’s activities in this area, as well as every type of mining.”

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

The post Kazakhstan PM pays a visit to newly-launched crypto mining firm appeared first on Coingeek.

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