Bcause LLC, creator of a full-stack cryptocurrency ecosystem, today announced that it has successfully launched its cryptocurrency mining facility and data center in Virginia Beach. Staffed 24/7, the facility is one of the largest in North America and represents the first component of the company’s ecosystem still pending launch.
The data center will support digital mining of bitcoin and other leading cryptocurrencies for a broad range of customers from all over the world – from beginners who may choose to participate in “mining pools,” to institutional market participants and professional miners. Bcause is able to host, maintain and service the high-powered computers, known as mining rigs, with substantial efficiencies due to its scale. Larger customers supply their own mining rigs.
Bcause CEO Fred Grede said:
“We’ve seen tremendous demand for this service, with inquiries coming in from all over the world. I’m pleased to report at launch that our Virginia facility, initially outfitted with 84 megawatts of capacity, is already completely allocated. This validates our business plan, and as we provide our new customers with the highest level of service, we are taking steps to support the incredible demand by adding new capacity in Virginia and elsewhere in the coming weeks. We have the ability to make mining substantially more economical for customers – whether they have large numbers of mining rigs or are trying their hand at mining with one machine.”
Bcause has created a series of videos for those interested in exploring cryptocurrencies and the mining process.
In addition to mining, Bcause intends to offer spot trading and a regulated derivatives exchange and clearing house, pending regulatory approval.