The mining equipment manufacturer Crypto Bitmain expands its operations in Brazil and the United States

The company that manufactures equipment for the extraction of cryptocurrency, Bitmain, has announced the opening of a new office in Brazil and, according to other information, s & # 39; 39, is also setting up a new office in Silicon Valley, United States.

Information on plans for expansion in South America was confirmed by the company, which indicated that the new office in Brazil would be intended solely for the sale of equipment. Bitmain's general manager of communications, William Davidson, said that the company's operations would not be significant or related to the installation of encryption farms, but rather to technical services activities

. The city of Sao Paulo, but did not provide details of local personnel that might be needed to start operations in the South American country.

Bitmain crypto mining equipment to expand its services to the United States

At the same time, The Silicon Valley Business Journal reported on July 16 the recent creation of Bitmain in Silicon Valley, California, where offices of approximately 1,858 square meters were installed. The crypto mining company reportedly filled the last vacant position in the Riverpark Towers office building, known as the hub of many new technology companies.

This information circulates soon after the announcement of the Bitmain membership increase in Israel, where 40 new professionals will be hired to develop a center in the city of Raanana in the central district. Bitmain will recruit blockchain researchers, software and security engineers, as well as marketing staff, Python and JavaScript programmers, and quality control personnel.

Bitmain also opened a technical badistance office in Irkust, Russia. Siberia's largest cities and one of the most attractive regions of the world for crypto mining thanks to the cold climate. According to the media, the idea is to respond more directly to the needs of the growing market in this country and to provide support to all Russian residents who need to have their ASIC devices manufactured by Bitmain repaired.

Jackson Bey was born and raised in Lethbridge, Alberta, but moved to East at the age of 22 years. He also ran his own consulting firm. Jackson spends his time boating on the many lakes in Ontario. As a financial journalist, Jackson has published articles for CBC Business Online, as well as Buzz Feed and Motherboard. As a contributor to Billionaire 365, Jackson primarily covers markets and commerce.