Bit Mining will expand its business in Central Asia by purchasing 2,500 encrypted mining machines planned to be deployed in Kazakhstan. The new equipment is expected to increase the total computing power of the Chinese company by approximately 165 petahashes/s.
Bit Mining buys new cryptocurrency miners for Kazakhstan’s data center
Shenzhen-based Bit Mining Co., Ltd. announced on Wednesday that it has obtained a purchase agreement to purchase 2,500 new Bitcoin mining machines. The cryptocurrency mining company detailed in a press release that the price of the transaction is approximately $6.6 million.
After the delivery is scheduled for next week, the company intends to ship the coin minting equipment to Kazakhstan. Once deployed, mining equipment is expected to increase Bit Mining’s “theoretical maximum total hash rate capacity by approximately 165 petahashes/s (PH/s)”.
Bit Mining stated that it has been monitoring the market for cryptocurrency mining hardware and will consider “cost-effective” acquisitions “on an opportunistic basis”. It emphasizes:
Looking ahead, the company intends to further expand its business scale and increase the theoretical maximum total computing power capacity to consolidate its position as a leading cryptocurrency mining company.
Chinese mining companies continue to migrate to Central Asia
The cryptocurrency company further pointed out that the expansion of its Bitcoin mining overseas Mainly focus on the development strategy of Central Asia. Bit Mining has installed 3,819 drilling rigs with a total computing power capacity of 172 PH/s in data centers in China. Kazakhstan. Another 4,033 Bitcoin mining machines with a hash rate of 121 PH/s have been shipped to the country and are currently awaiting deployment.
According to the announcement Publish According to PR Newswire, the company also launched Ethereum (Ethereum) For mining operations outside of Mainland China, the computing power capacity is 86.4 gigahash per second (GH/s). “It is expected that an additional 4,713.6 GH/s of computing power will be deployed by the end of October 2021,” Bit Mining added.
In May, the Chinese company disclose It is planned to build and operate a 100 MW encrypted mining data center in Kazakhstan. The project will be implemented in cooperation with two local companies. In June, Bitcoin mining started move Provided 3,000 Bitcoin mining machines to Kazakhstan during the government Suppress About cryptocurrency mining in the People’s Republic of China.
Do you want more cryptocurrency mining companies from China to follow in the footsteps of Bit Mining and relocate to Central Asia?
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