The predecessor of Leviathan Group was established.
Leviathan China was leading Chinese crypto-mining firm with 760 MW of regulation compliant power capacity available for development and committed to solving the stranded hydropower in southwest China.
The first industry policy guidance for the crypto mining industry was issued by China's National Development and Reform Commission in 2020 at the urging of the Leviathan team.
Leviathan was formed with the goal of becoming a large scale crypto mining enterprise committed to “All-green Bitcoin”.
Leviathan found the first site for the mining park in East Africa that close to one of the region's largest electricity hub
The proportion of global crypto-mining using renewable energy currently sits at around 57%.
Among renewable energy, solar and wind power are unstable, and hydropower is the best power solution.
Leviathan official launch of the East Africa project.
15 acres,10 data center buildings, 1 comprehensive office building, 2 warehouses, 120,000 servers, 1 132KV substation
Construction of 10 blocks, accommodating 120,000 crypto miners.
With the controversies surrounding the energy consumption for crypto mining and an increasing call for the industry to practice ESG standards, crypto-mining renewable energy is the trend of the times. The proportion of global crypto-mining using renewable energy currently sits at around 57%. Among renewable energy, solar and wind power are unstable, and hydropower is the best power solution.
North American crypto-mining operations not only has a long construction period, but also has an average construction cost of $300k/ MW, the new project can cut back 80% of the construction cost for the same quality delivered, which significantly reduces our payoff period. The average cost of electricity in the United States has reached $0.11/kWh, forcing a large number of miners to shut down. We can charge our clients lower on electricity, which will considerably increase their robustness in facing market downturns.