BTC Digital Purchases 220 New Bitcoin Mining Units, Bringing Total to 2,174
BTC Digital, a China-based company that provides English language training services, has announced the purchase of 220 new Bitcoin mining units, bringing its total to 2,174 machines with over 230PH/s of computing power. The new acquisitions are expected to become operational by the end of November. The company made the deal with two unaffiliated third parties for Bitmain Antminer S19j Pro units in exchange for shares of ordinary company stock valued at $968,800. BTC Digital expanded into Bitcoin mining at the end of 2021 and aims to continue improving its financial conditions and maximizing value for shareholders with the recent purchases and plans to increase the number of mining machines.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ZA Miner Introduces Free Cloud Mining Platform for Bitcoin and Dogecoin
ZA Miner, a UK-based cloud mining provider, has officially launched a new platform to make cryptocurrency mining more accessible to a broader audience.
OSC Warns of Surge in AI-Driven Crypto Scams as Canadian Fraud Losses Climb to $640 Million
According to the Globe and Mail report, the Ontario Securities Commission (OSC) is raising red flags over a sharp rise in cryptocurrency fraud across Canada, as scammers now weaponize artificial intelligence to swindle unsuspecting investors.
Arkansas City Planning Commission Rejects Crypto Mining Proposal Amid Strong Community Backlash
The Vilonia Planning Commission has unanimously turned down a proposed cryptocurrency mining facility within city limits, following weeks of vocal opposition from residents.
Bitcoin Climbs to $94,000 Driving Market Above $3 Trillion
Trending news
MoreCrypto prices
More
