The Chinese mining giant Bitmain took a step closer to locating its facilities in the state of Washington. This is written by CoinDesk.
The Walla Walla Port, Walla Walla’s economic development agency, unanimously approved the lease of land with the option of buying a division of Bitmain Ant Creek. The company will be able to lease 10 acres of land, and a year later – to buy them. However, the original proposal for the purchase of 30 additional acres of land was liquidated.
Ant Creek has not yet agreed on the final terms of the deal, writes a local news publication Union Bulletin. In the future, the company will pay about $4,700 in monthly rental payments.
Bitmain has not yet made an official statement that would recognize Ant Creek as its unit, but the information available online indicates that Bitmain CEO Jihan Wu is the sole administrator of Ant Creek.
Residents of the region express concern about the amount of energy that the new enterprise will consume.
“They take electricity and enrich their owner without any redistribution of benefits,” said local resident Robb Lincoln.
“It will not go to the organization of a full-fledged business,” said another representative of the local community, Peder Fretheim. “It will go to accomplish two things: transactions that someone wants to hide from the law, and speculation.”
The fact that Bitmain expects to open a unit in the US, it became known in mid-March.