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Chinese Firm In Talks To Convert US Defense Data Center Into Crypto Mining Farm

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China's Wuhan General Group is in talks on the possibility of converting a U.S. Defense Department data center into a Cryptocurrency mining facility.

Wuhan General Group is a Nevada investment company focused in cryptocurrency mining operations.

The proposed facility will meet security and power requirements when mining cryptocurrency and help in setting new standards in cryptocurrency mining safety, stability, and security measures.

The 55,0000 sq. ft. facility has over 3MW of power ready to accommodate up to 1300 mining machines for Bitcoin, Zcash, and others with an additional 12,000 to be deployed upon successful completion of its upgrade to a 30MW facility in 2019.

The facility is expected strengthen the company's cryptocurrency mining division for highly scalable and flexible mining operations across all major cryptocurrencies.

The company will also benefit from low-cost North American power, a cool climate, and high-speed Internet, which is critical to mining success, providing it a competitive position to maximize profitability.

The successful negotiation for the facility is expected to see the first order of rigs from Asicminer arriving in late October.

The company estimates the mining operation at the facility to bring in monthly revenue of more than $3.5 million, based on current cryptocurrency market prices, with the initial 1300 mining machines in operation.

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