Although Bitland has not publicly acknowledged that Ant Creek is its subsidiary company, according to public company registration information, Bitland’s CEO, Wu Jihan, is the only legal representative of Ant Creek.
Chinese mining giant Bitmain took a step closer to setting up a mine in Washington State.
It is reported that the Walla Walla County Economic Development Department in Washington has approved a land lease and purchase application in the Port of Walla Walla, which will allow Bitland to establish a brand new cryptocurrency mine locally. The company Ant Creek leases 10 acres of land locally and allows it to be purchased within a year. (Although BitContinent has not publicly acknowledged that Ant Creek is its subsidiary, according to public corporate registration information, Bitland CEO Wu Cold weather is the only legal representative of Ant Creek.)
However, according to sources, Bitland’s original plan was to purchase another 30 acres of land in Washington State, but the plan was eventually rejected by the local government. According to the local newspaper “Union Bulletin,” Ant Creek must fully agree to the transaction. Terms and payments of approximately $4,700 per month for rent.
Jeff Sterns is an executive director of Ant Creek Corporation. At a local government hearing, he described Ant Creek as a blockchain and artificial intelligence company, and there will be two different CEOs. Similarly, although there is no specific indication of the bit-continent , But Jeff Sterns said the company's positioning is the world's largest maker of cryptocurrency mining equipment.
On the other hand, Walla Walla residents expressed concern about Ant Creek’s energy gains from the community, which currently has the cheapest electricity prices in North America. According to “Union Bulletin,” community residents are unwilling to give Ants a hearing. Creek set up a mine in the area, and is generally critical of cryptocurrency.
Cryptocurrency mining companies are rapidly flocking to energy surpluses and areas where electricity prices are cheap, but they are also increasingly resisted by locals. For example, Mason County and Chelan County in Washington have temporarily suspended new mining operations. , And the Canadian government of Quebec recently notified the local utility company Hydro-Quebe to suspend the mining company's application.