The world’s largest Bitcoin mining company targets Houston for U.S. expansion

Getting your Trinity Audio player ready...

Bitmain Technologies-owned AntPool is looking to grow its client base with Texas and the Gulf Coast as its first stop

HOUSTON, Texas – August 7, 2018 – AntPool, one of the world’s leading crypto currency and Bitcoin mining companies, announced today that Houston will be its first expansion city in the United States to grow and bolster its client base while also educating consumers about mining technology. The company has identified Houston as a high-potential market and is already acquiring clients in the Gulf Coast area, as well as across Texas.

“Houston’s diversity and already thriving mining community make the city a perfect launch pad from a client perspective. It is a very exciting time for the digital currency community, and as we continue to engage with the mining community, we’re going to place an equal emphasis on education,” said Haijiao Li, AntPool Overseas Operations Manger. “As crypto currencies and mining becomes more consumer facing, clients are realizing that anyone can be a miner and whether you mine with our company or another, we want to lead the conversation on what mining and digital currencies are all about.”

Within a five-month span in 2014, AntPool mined its first block and launched to the public and since then the company has been at the forefront of the crypto currency mining industry. In fact, AntPool mines the second largest amount of Bitcoins in the world, roughly 15 percent of all blocks.

The digital currency mining process involves purchasing and using specialize hardware and software that are dedicated to compiling recent transactions into blocks and trying to solve an algorithm only a computer can theoretically solve. Whomever solves the puzzle first ultimately claims the rewards associated with the transactions compiled in the block. Thus, the process incentivizes more miners and mining increasing the rate at which blocks are solved, which in turn generates more of the specific mined coin.

AntPool is owned and operated by Bitmain Technologies who also owns Antminer and Hashnet.