I have used containers much bigger than this, and, with care about moisture levels, have not had problems. Since I wanted to be able to use the containers for other things later, I did not put any drainage holes in the big containers. Instead, I would dig down every few weeks and make sure that I did not have a wet mess at the bottom. If it was too wet at the bottom, I got a pitch fork and brought the bottom material up to the top to dry a bit. I like the bigger containers because it was easier to keep a fairly uniform moisture level, even with the chore of checking the bottom. The worms really liked the large containers as well, and thrived.
Renais

Renais, that is music to my ears.
I am planning to not drill any holes in it at all. The handles actually have 8 holes each, and I figured that would be sufficient air.

I don't have drainage holes in my current bin, but did drill holes at the top and lower sides for ventilation.
I don't have access liquid at all.

I'm convinced that they will like the space the new one offers.....how I have to figure out how to get the worms I need to fill it. I'm not in a huge hurry, so I can wait for my lads to multiply unless I come across a deal.

Sherry

I had a large (105 gallon) container that I started as a worm bin with just a couple hundred worms from another bin. In the course of a summer, I filled the container wigh kitchen garbage, yard scraps and waste paper. At the end of the summer, the container was teaming with worms. In a good environment the worms mutliply rapidly.
Renais

Wow Renais.
Did you build or buy this container? 105 gallons is huge. I see you live in New Mexico. I wonder if a container that large would also be cooler for the worms....just a thought. I'm assuming (perhaps incorrectly) you had your bin outside, since it was so big.

I can't wait to turn my new larger bin into a worm bin, now. I still want to get more worms for it somehow, though.

Sherry