Merkle Standard Chosen as Launch Customer, Orders 4,449 of Newest BITMAIN 188 TH/S S19 + “Hydro” Mining Rigs

PRESS RELEASE. (Irvine, February 9, 2022) – Sustainable Bitcoin mining company Merkle Standard has executed a purchase order for the high-performance, liquid-cooled mining rigs from Bitmain Technologies Ltd. The leading ASIC hardware provider will supply 4,449 of new S19 Pro + Hydro machines to Merkle Standard in May 2022 and is expected to be one of the first deployments of BITMAIN’s hydro cooling technology within the US. This purchase agreement will add approximately ~840 PH/s to Merkle Standard’s nameplate hashrate.

The mining rigs are equipped with BITMAIN’s latest liquid cooling technology delivering a hashrate of 188 TH/s, nearly double that of the S19 J Pro. The rigs boast an expected power efficiency of 27.5 J/TH, reflecting the advanced liquid cooling technology. The announced order constitutes a significant increase in the capacity and performance capability of Merkle Standard’s mining operations.

“This order is a major milestone in the exponential growth of Merkle Standard and our partnership with BITMAIN signifies our mission to develop sustainable and efficient operations, prioritizing the acquisition of high performing machines and embracing the latest technologies manufactured by our strategic partner BITMAIN,” says Ruslan Zinurov, CEO of Merkle Standard.

The new purchase is scheduled for delivery in May 2022 and will be deployed at Merkle Standard’s 225 MW data center in Eastern Washington. This flagship location paired with BITMAIN’s technology is central to the company’s plan of becoming one of the industry’s most efficient and sustainable miners.

“As BITMAIN continues to bring cutting edge technology to market, we are excited to partner with Merkle Standard who is committed to prioritizing efficiency and sustainability within its mining operations”, says Irene Gao from BITMAIN

Merkle Standard’s purchase agreement with BITMAIN is part of its growth strategy to deploy the industry’s latest technology.

About Merkle Standard

Merkle Standard is a premier digital asset mining company with a distinct focus on developing North America’s most efficient vertically integrated self-mining platform with a negative carbon footprint. The company’s flagship mining facility features 225 MW of power infrastructure.

To learn more about Merkle Standard, visit www.merklestandard.com.

Contact: [email protected]

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