Mining Pro Co. Ltd will reportedly establish Thailand’s first cryptocurrency mining facility. The initiative is expected to start operating in early 2023.
Crypto Mining is Booming, and Thailand Should Join the Industry
According to a Nation Thailand report, Mining Pro will invest 170 million baht (nearly $5 million) to set up the first cryptocurrency mine in the country. The facility will be located in Bang Na (one of Bangkok’s most developed districts) and is expected to start operating at the beginning of next year. Initially, it will use Bitmain bitcoin mining rigs imported from China.
Jaturapuch Triphet – CEO of the firm – emphasized the progress of the crypto mining sector, claiming it could be highly profitable:
“Investments in crypto mining usually break even in about 40 to 45 months, depending on the management of mining and investment…
