Distributed Ledger Inc. (DLI), a blockchain and cryptocurrency service provider, announced Bitcoin mining is coming to the City of Mobile, in partnership with the GulfQuest Maritime Museum Board, in the form of a new, sustainable revenue source poised to fuel growth for the next decade.
GulfQuest plays an integral role in portraying city and state history, while keeping its eyes on the area’s maritime industry’s competitive growth. Maersk Shipping, the world’s largest container shipper, already has 50 percent of all containers globally on its dynamic TradeLens Blockchain.
DLI is using a modified shipping container to house 100 of Bitmain’s Antminer S19s, all of which will be fully air-cooled on-site. These machines will mine Bitcoin around the clock as DLI lays the groundwork for government funding and subsequent infrastructure funded through crypto mining revenue.
“The high-tech revenue source of Bitcoin mining is tied to the education, adoption and growth of the next level of encrypted and secure growth of the internet, designed to provide a dramatic time and cost savings and a higher level of security for the global maritime industry,” said former City of Mobile Mayor Mike Dow, the current executive director of the GulfQuest Board.
“We couldn’t be more excited at the opportunity to bring blockchain technology and Bitcoin to the state of Alabama and, more importantly, the great city of Mobile,” said Mike Francis, CEO of DLI. “Our goal at DLI is simple: help companies and institutions with the understanding, accumulation and usage of cryptocurrency.”