CTCAP Group Signs a Purchase Order With BITMAIN for a New Hydro Cooling Mining Facility in Iceland

BITMAIN – the world's leading manufacturer of cryptocurrency mining servers through its brand ANTMINER, today announced a signed purchase order with CTCAP Group (CTCAP), a company that invests, builds and operates renewable energy projects in Europe. CTCAP will double its computational hashrate output with a new hydro cooling mining facility located in Iceland.

The purchase order will increase CTCAP's total hashrate output with an additional 165PH/s, powered by BITMAIN's new hydro cooling servers, the ANTMINER S19 Hydro and S19 Pro Hyd., incorporating the latest hydro cooling technologies. The new facility is expected to go online on November 1, 2022, with another mining project to be established by Q1 2023.

Dr. Arne Scheschonk, Managing Partner of CTCAP Group, said, “We are excited to establish new mining facilities utilizing BITMAIN's hydro cooling solutions. Adopting hydro cooling servers enhances our company goal towards achieving zero emissions mining, alongside the support of our long-time service partners in Iceland, utilizing 100% renewable energy sources to power the facility.”

“BITMAIN supports CTCAP's vision with our revolutionary hydro cooling products. Hydro cooling miners represent a new era for mining, offering advanced computational force and diverse environmental adaptability for mining operations. We are thrilled about the new partnership and aim to build new opportunities together”, said Clark Du, BITMAIN Mining Division President.