British IT Hardware Supplier To Build Largest Bitcoin Farm In The UK | 코인긱스

British IT Hardware Supplier To Build Largest Bitcoin Farm In The UK


British hardware supplier Bladetec has launched a project to build the UK’s largest Bitcoin mining farm.

Bladetec, a British IT hardware supplier, has recently revealed plans to build a Bitcoin (BTC) farm in the South East of United Kingdom, The Sunday Telegraph reported March 17.

The project dubbed the Third Bladetec Bitcoin Mining Company Ltd (TBBMC) aims to raise  £10 mln or roughly $13.9 mln from investors to build and operate the farm over the next two to three years. The developers then plan to sell off the mined coins as well as the mining equipment to provide investment returns, says the funding platform for the project, Envestry.

Bladetec founder John Kingdon claims that investors “don’t risk losing any money”. According to his calculations, sale of the mining equipment alone would result in profit; it’s unknown whether he took into consideration factors such as decreasing hardware prices and increasing mining costs that require more electricity and computing power every year.

TBBMC expects investment returns to follow one of four scenarios depending on the value of Bitcoin in the next two years. The scenarios range from a per annum price drop of up 40 percent, to a per annum price increase of over 50 percent.


Founded in 2002, Bladetec has provided IT support, supplying, and consulting services to such bodies as the UK Ministry of Defence, NATO, and The National Grid. According to Evenstry, TBBMC will be the first Bitcoin mine in Europe funded by investors in a limited company protected by UK law.

According to the project, the TBBMC facility will cover 3,500 square feet at three locations in London, Surrey, and Suffolk. Considering the high price of mining one bitcoin in the UK, which reportedly amounts to about $8,400, most of the raised funds would be spent on energy costs, as the company is planning to mine 1,280 bitcoins, writes The Telegraph.

No comments

KBA, 유니버셜그룹 관련 암호화폐 투자주의 요청

KBA(한국블록체인협회)는 회원사 중에는 유니버셜그룹(舊 신일그룹)에서 발행한 TSL코인을 상장하거나 상장 검토 중인 암호화폐 거래소가 없으며, 투자나 자문 등도 이루어진 바가 없을 공지한다고 발표했다. 또한 협회 및…