Mining company White Rock Management, owned by Ukrainian entrepreneur Sergey Tron, has announced the deployment of the first cryptocurrency mining operation in the United States.

White Rock, together with NGON Solutions, launched the 1st US bitcoin mining operation in Texas, reducing methane and CO2 emissions by capturing flare gas through environmentally friendly in-situ mitigation and diverting energy to produce bitcoin: https://t .co/XkurKtbLVP

— White Rock Management (@whiterockmngmnt) 28 June 2022

The company will begin operations in the Brazos River Valley, north of Houston, Texas.

Initially, the firm’s mining rigs will use electricity produced by burning flare gas. Energy company NGON will act as a partner of White Rock.

“The Brazos Valley facility is the first of several off-grid facilities we plan to launch in Texas. They will tap relevant natural gas from active oil wells and transform waste into a reliable, off-grid energy source. Andy Long, CEO of White Rock, said: “It strengthens our position as a new player in the asset mining industry.”

According to a press release, the Switzerland-based company operates bitcoin farms in Sweden with a power consumption of 30 MW. After the start of operations in the USA, the total hashrate of White Rock is expected to exceed 1.6 EH/s. At the time of writing, the figure is 0.8 EH/s.

The firm’s equipment supplier is the industry-leading manufacturer Bitmain.

“We are in expansion mode, actively exploring additional locations with favorable business and political environments in the United States and other parts of North America, Europe and Latin America. We are also looking for potential M&A opportunities in the mining industry as the current market environment is conducive to this. ” said.

Recall that in 2021, White Rock announced the opening of a mining center with a capacity of 100 MW in Kazakhstan.

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