By Chris Wack
BIT Mining Ltd. stated it’s shopping for 2,500 new bitcoin mining machines for a complete consideration of $6.6 million.
The cryptocurrency mining firm stated that when deployed, it expects the brand new machines to extend its theoretical most whole hash price capability by 165 peta hashes per second.
BIT Mining expects the brand new machines to be delivered inside one week from Wednesday. Following supply, the corporate plans for them to be shipped to Kazakhstan for deployment.
The corporate stated it’s monitoring present situations available in the market for cryptocurrency mining machines and can contemplate cost-efficient mining machine acquisitions on an opportunistic foundation. Wanting ahead, the corporate is ready to additional increase the dimensions of its enterprise and improve its theoretical most whole hash price capability, with a view to strengthen its place as a number one cryptocurrency mining enterprise.
BIT Mining shares had been up 11% to $4.97 in premarket buying and selling.
Write to Chris Wack at firstname.lastname@example.org