MX GOLD ACQUIRES 360 AVALONMINER 741 CRYPTOCURRENCY MINING RIGS
Further to its news release dated Nov. 13, 2017, MX Gold Corp. has taken delivery of 360 AvalonMiner 741 cryptocurrency mining systems, purchased from Canaan Creative Co. The purchase of the mining rigs equips the company with a fleet of state-of-the-art digital currency extraction hardware. Each mining rig contains 88 A3212 16-nanometre ASIC (application-specific integrated circuit) chips and boasts an in-field reliable hash rate per second (RTHS) of up to 7.8. The mining rigs are housed in high-grade aluminum cases and employ innovative air-forming cooling technology, allowing more efficient heat dissipation. Coupled with access to contracted low-cost energy sources, the company expects that the mining rig set-up will result in a competitive digital currency extraction environment.
Dan Omeniuk, chief executive officer of MX Gold, stated, “Our company is looking forward to developing a pilot project involving a cryptocurrency mining operation to determine whether further investment in the growing cryptocurrency industry is warranted.”
The company is excited to have the mining rigs landed and on-site, and is currently completing various testing procedures to ensure optimal operating efficiencies. The company will disclose in upcoming announcements when the mining rigs are installed and fully operational.
About MX Gold Corp.
MX Gold is a junior mining company focused on the exploration and development of advanced projects located in Mexico and British Columbia, Canada. The company’s primary focus is the Magistral del Oro tailings project located 392 kilometres southwest of Chihuahua and includes a fully permitted, 500-tonne-per-day dynamic cyanide countercurrent system plant constructed in 2013. The company is currently expanding to 1,000 tonnes per day which is scheduled to be completed by the first quarter of 2018. The company also owns 50 per cent of the IDS project, which includes a fully permitted smelter that was completed in 2014 for a throughput capacity of 50 tonnes per day. =