According to reports, a mining company based in China plans to transfer 1 million Bitcoin mining equipment to Canada in the next 24 months with the help of an American company.
The partnership between Optimum Mining Host (OMH) and Black Rock Petroleum Company (BRPC) can give us a glimpse into China Restrictions on cryptocurrencies. Or this could be a sign that the company wants to cash in About uncertainty The future of Bitcoin.
BRPC Say It plans to “host and operate up to 1 million bit miners” for OMH “in three natural gas production bases in Alberta, Canada.” The first batch of 200,000 units will be hosted at the Quirk Creek plant near Millarville, Alberta, and BRPC and OMH appear to share equipment maintenance costs.
It is worth noting that, at least in our search, mentions of the beginning and end of OMH are related to this announcement. The BRPC website also relies entirely on stock images. It is said that the founder Zoltan Nagy is also known as “President and Chief Control Officer” and “Finance and Accounting Officer, Treasurer, Secretary, Director”.
BRPC is also listed on the OTC market, which has more lenient requirements than the New York Stock Exchange or Nasdaq, under the symbol BKRP. However, if the announcement is to boost the company’s stock price, then it won’t work.The price dropped from $3.04 on July 15 to $2.26 at the time of writing, even after The rest of the market crashed Due to the Delta variant of COVID-19.
Even without this transaction, there are signs that China’s Bitcoin mining business Plan to move Look to the United States and Canada for cheap energy, privacy protection, and the relative stability of their cryptocurrency mining regulations.and also Miner report Plans to move hundreds of thousands of mining equipment.
Companies planning to use as many as 1 million systems for bitcoin mining will not go beyond the scope of possibilities, even if it is difficult to understand the multiple operations that use so much hardware for cryptocurrency. Whether BRPC will become the first company to facilitate large-scale migration remains to be seen.