One of China's largest bitcoin mining companies in Akron, near Goodyear.To translate the speech, click on the microphone.

The global company BIT Mining now owns an impressive cryptocurrency mining business on Seiberling Street in Akron, USA. The company has the ability to consume an amount of electricity that can power 63,000 homes.

BIT Mining, in partnership with Viking Data Centers, launched their business in the former Maxion Wheels and Goodyear factory building, where thousands of special machines "mine" cryptocurrencies such as bitcoin, etherium and dogecoin.

In the very beginning of 2023, BIT Mining said in their first quarter report that their Bee Computing division in Hong Kong produced 7,920 mining devices for dogecoin and all of them were deployed in Akron.

Cryptocurrency mining and related businesses attract billions of dollars in investment from''around the world and has attracted the attention of investors, regulators and law enforcement agencies. However, the industry has been widely criticized because of its high energy consumption. By one estimate, the mining of just one cryptocurrency - bitcoin - consumes as much energy per year as the entire country of Switzerland.

BIT Mining has access to 83 megawatts of electricity per day at its site in Akron. The total capacity is 150 megawatts, owned by Viking Data Centers.

BIT Mining is the largest bitcoin mining company by market capitalization, according to Insider Monkey.

BIT Mining started in China as a provider of sports''lottery, but now the company hopes to become a world leader in cryptocurrency mining and data processing. It has its own "wallet" for cryptocurrency and miner pools made up of other miners.

When the Chinese government banned all cryptocurrency transactions in 2021, BIT Mining started its operations in Kazakhstan, where there is a large supply of hydrocarbon fuel. However, they later had problems with operations and decided to focus on Akron and signed an agreement with Viking Data Centers to operate on Siberling Street.

The city of Akron didn't consider BIT Mining to be beneficial enough to the city because of its high energy consumption and small number of jobs. However, former U.S. House of Representatives member Tim Ryan''believes the development of the cryptocurrency industry can be beneficial to Ohio and will add new opportunities to the state's investment portfolio.

The world of cryptocurrencies continues to evolve and mature, but it currently faces a number of challenges, such as fluctuations in the value of digital assets and instances of fraud.

Despite the challenges, cryptocurrencies still have advantages over traditional currencies and their use may continue to grow in the future.