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
What it’s going to take to hit $100K
MicroStrategy announced that it purchased 55,500 bitcoin last week, but that didn’t quite push BTC over the 6-figure edge
Why analysts are upping price targets for MSTR and COIN
MSTR shares hovered around $402 at 2 pm ET Monday — down 4.7% on the day but up 70% from a month ago
FIFA Teams Up with Mythical Games to Launch Blockchain-Powered Mobile Soccer Game
Romania Makes History by Using Blockchain to Secure Presidential Election Votes