Bit Mining goes to develop its operations in Central Asia with the acquisition of two,500 crypto mining machines slated for deployment in Kazakhstan. The brand new units are anticipated to extend the Chinese language firm’s complete hashrate capability by an estimated 165 petahashes per second.
Bit Mining Buys New Cryptocurrency Miners for Information Facilities in Kazakhstan
Shenzhen-based Bit Mining Ltd. introduced Wednesday it has secured a purchase order settlement for the acquisition of two,500 new bitcoin mining machines. The value tag of the deal is roughly $6.6 million, the crypto mining agency detailed in a press launch.
Following the supply, which is scheduled for subsequent week, the corporate intends to ship the coin minting rigs to Kazakhstan. As soon as deployed, the mining units are anticipated to extend Bit Mining’s “theoretical most complete hash fee capability by roughly 165 petahashes per second (PH/s).”
Bit Mining stated it’s consistently monitoring the marketplace for cryptocurrency mining {hardware} and can contemplate “cost-efficient” acquisitions “on an opportunistic foundation.” It emphasised:
Wanting ahead, the corporate is ready to additional develop the size of its enterprise and enhance its theoretical most complete hash fee capability, in order to strengthen its place as a number one cryptocurrency mining enterprise.
Chinese language Mining Firm Continues Migration to Central Asia
The crypto agency additional famous that the enlargement of its bitcoin mining machine fleet goes on in parallel with the implementation of its abroad improvement technique which is essentially centered on Central Asia. Bit Mining has already put in 3,819 rigs with a complete hashrate capability of 172 PH/s in information facilities in Kazakhstan. One other 4,033 bitcoin miners with a hashrate capability of 121 PH/s have been shipped to the nation and are presently awaiting deployment.
In accordance with the announcement printed by Prnewswire, the corporate has additionally launched ethereum (ETH) mining operations outdoors of mainland China which have a hashrate capability of 86.Four gigahashes per second (GH/s). “An extra hash fee capability of 4,713.6 GH/s is anticipated to be deployed by the tip of October 2021,” Bit Mining added.
In Could, the Chinese language firm revealed plans to construct and function a 100 MW crypto-mining information middle in Kazakhstan, a venture that will likely be carried out in partnership with two native firms. In June, Bit Mining started shifting 3,000 bitcoin mining machines to Kazakhstan amid an ongoing authorities crackdown on crypto mining in the Folks’s Republic of China.
Do you anticipate extra crypto mining firms from China to observe Bit Mining’s lead and relocate to Central Asia?
