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Home Crypto News Market Hello Pal To Commence Litecoin, Dogecoin Mining in Australia

Hello Pal To Commence Litecoin, Dogecoin Mining in Australia

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Hello Pal To Commence crypto Mining in Australia.

Hello Pal, a global chat and live streaming platform, announced the commencement of its crypto mining operations in Victoria, Australia. The company is mining Litecoin (LTC) and Dogecoin (DOGE for a start).

In an undisclosed place in Victoria, Australia, the mining farm has 100 Bitmain Antminer L7 Mining Rigs. Seventy-five of these belong to Hello Pal’s subsidiary, CPal Technology Limited, while the remaining 25 belong to the “wholly-owned subsidiary Hello Pal Asia Limited.” 

Hello, Pal announced the arrival of the much more powerful and efficient L7 Miners to Australia a few days ago as the company sold the old L3 Miners it used in its China operations.

“We are excited for our mining operations to resume again and pleased that we have been able to diversify the location of our rigs with this Australian mining facility,” said KL Wong, Founder and Chairman of the Company. “We look forward to the remaining 300 mining rigs in North America commencing operations soon.”

Mining to commence in North America soon

While mining operations have been initiated in Australia, Hello Pal looks forward to starting operations in North America very soon. According to an earlier announcement by the company, all 400 L7 Miners acquired were to be located in the United States. Still, it resolved that 100 be set up in Australia, which has been installed and is now in full operation. The remaining 300 are installed in New York State and Ohio mining facilities and will soon commence operations.

The data center in Australia has a capacity for up to 20,000 mining rigs, which means Hello Pal can conveniently expand its operations in the center if things work out well. 

Growing business by mining crypto 

Hello Pal is a live streaming and language learning platform. It is also a social crypto platform that has ventured into crypto mining. The company has been mining cryptocurrencies for some time now and only sold its old L3 Miners to secure the newer L7 miners.

The mining venture will help the company grow its live streaming and language learning business to provide better services to its clients, KL Wong said.

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Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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