BTC Digital, a Chinese language Bitcoin mining agency with operations within the US, has introduced the acquisition of 220 Bitmain Antminer S19j Professional Bitcoin mining machines, bolstering its Bitcoin mining capabilities.
In accordance with an announcement from the agency, the machines, that are set to be delivered and operational by the tip of November 2023. As a part of the cost for the machines, the sellers obtained 276,572 bizarre shares of BTC Digital at a price of $968,800.
With the acquisition, BTC Digital will function a complete of two,174 Bitcoin mining machines with a mixed computing energy exceeding 230 PH/s.
The brand new machines come along with the 1,954 mining machines they have already got in operation within the US states of Pennsylvania and Tennessee.
The announcement additionally stated the purchases align with BTC Digital’s dedication to creating blockchain-related companies in North America, encompassing crypto mining, mining farm development, mining pool operation, and knowledge middle administration.
“We’re excited to see the progress we’ve made to date and the potential for our cryptocurrency enterprise to develop in the long run, Alan Peng, CEO of BTC Digital, stated in a press release, whereas including:
“With the latest purchases and our plan to additional improve the variety of mining machines, we purpose to proceed bettering our monetary situations in addition to maximizing worth for our shareholders.”
Earlier English instructing enterprise in China
Previously often known as Meten EdtechX Schooling Group, BTC Digital not too long ago transitioned from being an English instructing enterprise in China to Bitcoin mining within the US.
The web site BTC Digital’s announcement hyperlinks to nonetheless presents the corporate title as Meten, which it calls “a number one common English language coaching service supplier in China.”
Supply: Screenshot from Meten web site
BTC Digital is publicly traded within the US, listed on Nasdaq beneath the ticker BTCT and with a market capitalization of simply $3.35 million.
