Bitcoin mining firm Luxor, Southeast Asian mining service provider Cryptodrillingaims to expand its presence in the region by partnering with
In a statement to The Block, the company announced that Luxor’s software and derivatives hashOSappHe said that he will integrate it into the platform called “Ministry” and that he will also receive mining consultancy. Thailandbased Cryptodrilling helps mining companies set up critical infrastructures such as repair shops and software systems. It also provides advice on how to purchase machines and how to build facilities.
“Many Chinese Miners Moved to Laos”
LuxorCOO Ethan vera, told The Block: “We will direct capital providers directly to Southeast Asia to assist development here”He continued his words as follows:
“This is one of the most exciting areas of mining going forward. While we don’t underestimate Latin America and potentially the Middle East, we think there is very, very high potential for growth in Southeast Asia.”
Cryptodrillingwhere the government allows Bitcoin miners to operate and set certain fees to Laosby focusing Southeast in Asiaoperates in different regions.
CryptodrillingCEO chayoot anukoolkarn, licensed miners per megawatt per year 100,000 dollarsHe said it pays fees and the government allows more than 10 companies to operate above 1.2 gigawatts. CEO, however, currently only about 400 megawattsHe said it was planned to be used.
Anukoolkarn made a statement on Telegram: “I see Laos as my #1 priority because they have plenty of renewable energy and they are building a lot more dams. So I know there will be a lot of excess energy.” said. Moreover anukoolkarnHe added that many Chinese miners have already entered Laos.
LuxorCOO veraHe used the following statements on the subject: “Given that China has banned mining, the uncertainty in the energy markets in Kazakhstan, and with it the political uncertainty in Russia, we think it will be a great way for them.”
