BIT Mining buys 2,500 new bitcoin mining machines

[ad_1]

By Chris Wack

BIT Mining Ltd. announced the purchase of 2,500 new bitcoin mining machines for a total amount of $ 6.6 million.

The cryptocurrency mining company said that once deployed, it expects the new machines to increase its theoretical maximum total hash rate capacity by 165 peta hashes per second.

BIT Mining expects the new machines to be delivered within a week from Wednesday. After delivery, the company plans to ship them to Kazakhstan for deployment there.

The company said it is monitoring current conditions in the cryptocurrency mining machine market and will consider profitable mining machine acquisitions on an opportunistic basis. Going forward, the company stands ready to further expand the scale of its business and increase its theoretical maximum total hash rate capacity, in order to strengthen its position as a leading cryptocurrency mining company.

BIT Mining shares rose 11% to $ 4.97 in pre-market trading.

Write to Chris Wack at [email protected]

[ad_2]