Bit Mining is going to expand its operations in Central Asia with the purchase of 2,500 crypto mining machines slated for deployment in Kazakhstan. The new devices are expected to increase the Chinese company’s total hashrate capacity by an estimated 165 petahashes per second.
Bit Mining Buys New Cryptocurrency Miners for Data Centers in Kazakhstan
Shenzhen-based Bit Mining Ltd. announced Wednesday it has secured a purchase agreement for the acquisition of 2,500 new bitcoin mining machines. The price tag of the deal is approximately $6.6 million, the crypto mining firm detailed in a press release.
Following the delivery, which is scheduled for next week, the company intends to ship the coin minting rigs to Kazakhstan. Once deployed, the mining devices are expected to increase Bit Mining’s “theoretical maximum total hash rate capacity by approximately 165 petahashes per second (PH/s).”
Bit Mining said it’s constantly monitoring the market for cryptocurrency mining hardware and will consider “cost-efficient” acquisitions “on an opportunistic basis.” It emphasized:
if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } });Looking forward, the company is prepared to further expand the scale of its business and increase its theoretical maximum total hash rate capacity, in order to strengthen its position as a leading cryptocurrency mining enterprise.
Chinese Mining Company Continues Migration to Central Asia
The crypto firm further noted that the expansion of its bitcoin mining machine
