Simple Mining, a major player in the Bitcoin mining space, is on track for significant expansion by the end of October 2024.

According to Chief Operating Officer Nick Garland, Simple Mining will complete an additional 5 MW of capacity next week, bringing their total hashrate under management to 50 MW.

Garland also shared that another 10+ MW will come online in November, keeping the company on course to meet its ambitious goal of managing 125+ MW of hashrate by the end of Q1 2025​.

Simple Mining, headquartered in Cedar Falls, Iowa, has been a standout in the industry due to its focus on providing cost-effective mining solutions, with electricity rates as low as $0.08/kWh​

The company’s operations are known for their transparency, offering flexible contracts and precision billing, ensuring clients only pay for the time their miners are operational​

Simple Mining’s facilities also offer robust 24/7 onsite support and free repairs for the first 12 months of service​.

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