BlueWheel Gulf secures 5 MW Bitcoin mining contract from private investors in Dubai
BlueWheel Gulf – Dubai-based Bitcoin Mining Company has signed an additional 5 MW Bitcoin mining contract from a group of private investors in Dubai. It marks a significant milestone for the company, which has mined Bitcoin sustainably around CIS countries.
Bluewheel Gulf’s sustainable and expanding Bitcoin mining operation
The company has been actively mining Bitcoin since 2020, focusing on sustainable sources of electricity, mostly hydropower. With the addition of the 5 MW contract, the company’s total mining operation has reached 6.5 MW with 2000 Asic Pods.
Bluewheel Mining NFT Project: Solving the Transparency and Audit Problem of Cloud Mining
Bluewheel Gulf has recently partnered with DeFi Nation studios, a Singapore-based Blockchain studio, for Bitcoin Mining NFT project under Bluewheel Mining. Bluewheel mining Founder Agarwal says “We are very excited about this project and are in the process of forming our own SPV in BVI for this project. This project will enable the use of Bitcoin to the masses and generate sustainable income. We promise a genuine sustainable economic model where NFT Holders get Bitcoin rewards as their share of Reward from Bitcoin Block just by holding NFT. We want to use third party software to make production transparent and auditable. We want to bring Bitcoin Mining into DEFI which is missing at the moment.” Currently, companies such as Luxor, Binance, Antpool provide third-party mining software services.
The project aims to simplify Bitcoin mining for small investors and offer a transparent and controllable mining operation. By holding Bluewheel Mining NFT, investors will be able to receive their daily share of Bitcoin mining earnings.
Cloud mining has been a popular option for small investors to participate in Bitcoin mining. However, the lack of transparency and auditing in cloud mining has been a major problem. With Bluewheel Mining’s NFT project, investors can participate directly in a transparent and controllable Bitcoin mining operation. Thus, investors will be able to track their investments, and have confidence in the legitimacy of the mining operation.
By expanding its operations and launching its innovative NFT project, Bluewheel Gulf is positioning itself as a leading sustainable Bitcoin mining company in the region. Their efforts to solve the transparency and audit problem of cloud mining will attract small investors who are looking for a reliable and trustworthy way to invest in Bitcoin mining. In a world where sustainability and transparency are increasingly important, Bluewheel Gulf’s focus on sustainable energy sources and transparent mining is commendable. It will likely set a new standard for Bitcoin mining companies.
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