Validus Power Corp. and Startmining announce a Bitcoin mining facility in Canada

The new Bitcoin mining data centre will feature environmentally friendly and sustainable energy usage.

Validus Power Corp. and French-based sustainable mining firm Startmining have commenced the construction of a new Bitcoin mining facility, according to a news announcement published on Wednesday.

The 100MW data centre is located at a Validus Power Generation site in the Canadian province of Ontario.  The mining facility should be ready for operations by August 2022, the two firms added in the press release. 

The project builds on Startmining’s expansion efforts and Validus’ strategic position as a leading provider of advanced energy solutions. Together, the two companies target expanding Canada’s Bitcoin ecosystem.

Todd Shortt, the President and CEO of Validus noted that his company and Startmining share the same outlook about where Bitcoin mining is going. According to him, the future is one where Canada takes the lead in providing a “strong and viable” crypto mining infrastructure.

“This is especially true in Ontario where we have a robust support structure,” Shortt added.

Per their news release, the project will include an overhaul of existing power assets, with modernisation set to feature an “innovative power blend” leading to an environmentally friendly and sustainable Bitcoin mining profile.

Canada is home to some of the world’s largest Bitcoin mining companies, with the likes of Bitfarms Ltd., Intellabridge Technology, Hut 8 Mining, Digihost Technology and HIVE Blockchain Technologies all having mining farms in the country.

Validus signed a 100MW power purchase with Hut 8 Mining in April last year, contributing to the miner's ESG goals.