BIT Mining strengthens Bitcoin mining business in Kazakhstan By Cointelegraph

BIT Mining strengthens Bitcoin mining business in Kazakhstan

Crypto mining company BIT Mining recently announced that it will expand into the Chinese market and plans to purchase 2,500 mining machines for deployment in Kazakhstan.

In the announcement on Wednesday, BIT Mining stated that it has Enter An agreement worth 6.6 million USD to purchase 2,500 Bitcoins (Bitcoin) Mining equipment. The company has already invested 3,819 BTC mining machines in its data center in Kazakhstan, and another 4,033 machines are in use. Once all deployed, it is expected that the recently purchased mining equipment will increase the hash rate capacity of BIT Mining to approximately 458 petahashes per second.