New computer centre being built in Rapperswil-Jona
Rapperswil-Jona SG – Bitcoin company Unity Investment is building a huge computer centre in Rapperswil-Jona. Bitcoins and other digital currencies will be mined here.
Unity Investment explained in a press release that this project involves “a huge computer centre [...] with thousands of mining units”. The mining of bitcoins and other digital currencies in the St.GallenBodenseeArea will be powered using renewable energy sources.
CEO of Unity Investment Sean Prescott praised Switzerland as an ideal location in the press release: “Switzerland provides extremely high regulatory security as a finance and crypto nation, along come the benefits of a stable technical infrastructure and power grid,” Sean Prescott commented: “In addition, we benefit from extremely low taxes and power costs – we are essentially cheaper than China or Canada in producing cryptocurrencies.”
The company from Altendorf SZ was recently honoured with an award for the best project in the field Initial Coin Offering (ICO) at the Crypto Currency World Expo in Poland. According to the press release, this is the first time that a Swiss company has received an award at the annual summit of leading global cryptocurrency companies.
A factor contributing to the success of Unity Investment is the fact that ICOs are proving to be an ever-more popular choice for raising capital. The company is also planning to launch its own ICO in October 2018. The funds raised will serve to extend the company's mining operations centre, which is scheduled for completion in December 2018.