Mining company XY Miners accelerates development: acquires 80,000 mining machines from Bitmain

GERRARDS CROSS, U.K. - April 5, 2025 - PRLog -- The project is located on 19 acres of land in Fox Creek, Alberta, and was acquired in an all-cash transaction for $28.7 million.

The project includes all permits and licenses required to construct the onsite natural gas-fired power plant, as well as approval for a 99MW grid interconnection with the Alberta Electric System Operator.

XY Miners intends to work with an undisclosed engineering, procurement and construction company to develop and construct the power plant. Construction is expected to begin in the second quarter of 2025, with the site energized in the fourth quarter of 2026. Construction of the gas-fired power plant is expected to cost $90 million.

As part of the project acquisition, XY Miners said it will deploy a carbon capture system to reduce the carbon intensity of operations.

XY Miners Cloud Mining Service

✅ No Hardware Costs – Skip the expensive ASIC miners and GPUs.
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Understanding Cloud Mining Contracts

XY Miners offers different contract plans, ranging from entry-level plans to more advanced investment plans. The platform facilitates cryptocurrency mining with infrastructure management and operational security, including data encryption and fund security.

For investor and media inquiries, please contact:

XY Miners Investor Relations

info@xyminers.com

Official website: www.xyminers.com