Addis Ababa, Ethiopia, March 26th, 2024, Chainwire

DeMi Platform, an innovative tokenized mining platform, has announced a strategic partnership with BitCluster, a leading provider of mining solutions. This collaboration signifies a significant step for both companies in expanding their capacities.

DeMi Platform, known for its groundbreaking approach to tokenized mining, has forged a strategic partnership with BitCluster, a prominent provider of mining solutions. This alliance enables DeMi to scale its operations significantly while optimizing energy costs, ultimately benefiting platform users aiming to mine cryptocurrency more efficiently with electricity priced at only $0.049 per kWh.

The core of the partnership revolves around the conversion of equipment power into DEMI tokens. This process involves transforming computational power from mining equipment into DEMI tokens, providing users with a tangible representation of their designated hashrate purchase. Users can participate in the mining process by simply acquiring and staking these tokens, allowing for active engagement and democratizing access to mining. This streamlined approach ensures that participants can directly contribute to and reap rewards from the network’s security and consensus mechanisms.

In December 2023, BitCluster unveiled the launch of a 120 MW data center in Ethiopia, spanning an impressive area of 30 thousand square meters. This substantial power capacity allows for the installation of over 30 thousand mining machines such as the Antminer S21 200Th.

“We explored numerous options for housing our equipment,” stated Andrey Mashitskiy, DeMi’s Product Owner. “After extensive evaluation, we identified the optimal solution—the BitCluster facility in Ethiopia. The country’s climate, with an average daily temperature ranging from 12 to 23 degrees and devoid of dust and excessive heat, was a key factor. Situated in the capital, Addis Ababa, the BitCluster data center also offers logistical convenience. However, the primary reason for our decision was the remarkably low electricity prices.”

DeMi has already deployed over 500 devices at the new facility, boasting a total capacity of 59 Petahash. Plans are underway to further enhance mining capabilities at the BitCluster data center in Ethiopia.

For further details regarding DeMi and its partnership with BitCluster, interested individuals can visit here.

About DeMi

DeMi stands as a tokenized mining platform that enables users to earn BTC rewards through the use of DEMI tokens. With its unique approach to mining, DeMi offers users an effective and engaging means of participating in cryptocurrency mining.

About BitCluster

BitCluster emerges as a modern provider of mining solutions, offering end-to-end services for hosting and maintaining high-power computing hardware. Users seeking to expand their Bitcoin mining capabilities can rely on BitCluster’s solutions, designed to optimize energy costs.

Contact DeMi Product Owner Andrey Mashitskiy Email: info@demi.gg