April 18, 2026

Capitalizations Index – B ∞/21M

Ant Creek: Is Bitmain Quietly Developing a Mining Facility in the US?

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Ant Creek: Is Bitmain Quietly Developing a Mining Facility in the US?
Ant creek: is bitmain quietly developing a mining facility in the us?

According to public documents the mining giant based out of Beijing, Bitmain Technologies, is allegedly building a data facility near Port Walla Walla, Washington called ‘Ant Creek.’

Also read: Washington Politicians Defend Regulations as Cryptocurrency Exchanges Flee

Is Bitmain Quietly Constructing a Large Mining Facility in Washington State?

Ant creek: is bitmain quietly developing a mining facility in the us?The mining company and device manufacturer Bitmain has been quietly developing some sort of data facility based near the Port Walla Walla in Washington state. According to registration documents online, Ant Creek LLC is a firm based in Tumwater, Washington, and the active company was logged as an LLC on June 28, 2017. The for-profit Washington company’s record ownership is filed under Jihan Wu’s name.

Washington state in the U.S. has seen a surge of interest over the past few months due to cheaper electricity rates. News.bitcoin.com recently reported on a small town called Wenatchee which is three hours from Seattle that’s becoming a mining epicenter. Allegedly the small town is home to a dozen miners, and over 75 have inquired with the head of the local power utility, Steve Wright. Chelan County in Washington is considering hosting mining operations in that area as well.

Ant creek: is bitmain quietly developing a mining facility in the us?       Ant Creek to Provide Millions in Private Revenue and Full Time Jobs

As far as Bitmain’s Ant Creek is concerned the Port of Walla Walla’s Executive Director, Patrick Reay tells the regional publication the Union Bulletin that he has been working with Ant Creek for roughly six months. Reay explains the development is a “blockchain facility.” The town of Port Walla Walla is considering the lease of 40 acres of land between two industrial parks. According to the local news the Port’s bureaucrats the “bitcoin mining” project could produce $7-10 million in private revenue and 15-20 full-time jobs.

“Our purpose is to generate assessed value and create jobs,” Reay explains in an interview.

The Port’s Director details that the lease will be roughly $4,166 USD per month and a $535 state leasehold tax. Further Ant Creek will help develop certain property requirements like storm drainage, and water lines in line with the Walla Walla County building statutes. Bitmain Technologies is also strategically setting up facilities in Canada and Switzerland this year.

What do you think about Bitmain starting an operation in the state of Washington? Let us know in the comments below.   

Images via Shutterstock, Bitmain Technologies logo, and Pixabay. 

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Is Ripple Price Being Fueled by Confused Investors?

Riding the wave of recent positive news for Ripple, the XRP token is roaring with a 200% price surge over the weekend as the cryptocurrency market is reaching higher highs. But is Ripple for real or is it being fueled by confusion among new investors? 


Is Ripple For Real?

Jokes were abound this weekend as the cryptocurrency industry embraced April Fool’s Day in usual fashion. Meanwhile, Ripple experienced a serious surge with its market cap soaring from $360,000 USD to over $2.3 billion.

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The price of Ripple XRP token experienced a whopping seven-fold increase in the past few days, and easily outperformed recent stalwarts such as Dash, Monero and the SegWit hopeful Litecoin in the past week. Even bitcoin, which managed to break the $1,100 barrier on news of becoming a legal form of payment in Japan, could not match yesterday’s 200% rise. 

The rise comes amid news of Bank of Tokyo-Mitsubishi UFJ recently joining Ripple’s Interbank Group for Global Payments Based on Distributed Financial Technology.

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“We are pleased to join Ripple’s Global Payments Steering Group,” said Hirofumi Aihara, General Manager, MUFG Digital Innovation Division. “…Collaborating with other members of GPSG, MUFG will contribute to the creation of standards for Ripple’s network.”

Ripple is positioning itself as a cheaper payment network, particularly for large banks and enterprises, with a much higher throughput compared to bitcoin. CEO Brad Garlinghouse explained that Ripple could rival traditional systems such as Visa with nearly 70K transactions in just 3.7 seconds and at a lower cost than bitcoin.

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However, the token might be setting up for a reality check as some believe the price surge has been fueled by a “misunderstanding.” Critics on Bitcointalk.org reacted to the meteoric rise, pointing out that Ripple, the company, is not the same as the XRP token and its Ripple Consensus ledger.

According to Ripple, its Global Payments Steering Group (GSPG) is where “leading banks are working with Ripple to reduce the time and cost of settlement, while also enabling new types of high-volume, low-value global transactions.”

By coming together to form the GSPG, these banks are laying the foundation for a new payments network, underpinned by Ripple’s solutions and supported by rules and governance for global settlement.

In other words, new demand for the XRP token could merely be speculative at this point as banks would be able to bypass transactions on the Ripple Consensus Ledger with their own Ripple-inspired platforms.

The commentator also noted:

Check the volumes, [Poloniex] currently stands for $150M+ volume, RCL only 20. What now is happening is a pump, driven by people misunderstanding the news.

The Rise and Rise of Cryptocurrencies

Overall, April is getting off to a hot start for cryptocurrencies as the total market capitalization is now a record $27 billion. It has been on an uptrend, particularly accelerating as of late following the rejection of the COIN bitcoin ETF in mid-March.

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Though Bitcoin price has remained relatively stable oscillating between $900 and $1,200 amid scaling uncertainty, its overall dominance of the market has seen a huge drop from 84% to 68%.

Nevertheless, while the rejection of the first ever ETF might be seen as a setback for bitcoin to some, the media attention received in the run-up to the decision appears to have attracted new investors to the crypto space as a whole.

What is the real cause for Ripple’s price rise? Is bitcoin waning dominance a temporary phenomenon? Let us know in the comments below!


Images courtesy of coinmarketcap.com, Shutterstock, twitter, MUFG 

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