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HomeCrypto NewsBIT Mining Adds 2,500 Mining Rigs to Kazakhstan Operation

BIT Mining Adds 2,500 Mining Rigs to Kazakhstan Operation


One of many largest Bitcoin mining operations, BIT Mining Ltd, has introduced it’ll add 2,500 further mining rigs to its mining operations

Cryptocurrency mining large, BIT Mining Ltd, has acknowledged plans to amass an extra 2,500 mining rigs. The full value for the gear has been acknowledged to be round $6.6 million. Based on Bit  Mining, as soon as up and working, the brand new machines will bump up the utmost has fee capability by 165 peta hashes per second (PH/s). The gear can be despatched first to the corporate’s headquarters in Shenzhen China subsequent week earlier than being despatched to their new house in Kazakhstan. 

BIT Mining continues to maneuver to Central Asia

The mining firm based mostly in China has been working to maneuver its whole operation to Kazakhstan since early June and presently has greater than 5,000 rigs on site. Of these machines, BIT Mining studies that 3,819 are up and working with a 172 PH/s hash fee capability. On prime of the rigs presently on the job, an extra 4,033 bitcoin mining machines have been shipped to information facilities in Kazakhstan to be added to the trouble.  These further machines have a complete hash fee of 121 PH/s when they’re ultimately put to work. 

On prime of bitcoin, BIT Mining additionally acknowledged that they had begun mining Ethereum exterior of China with a has fee capped at 86.4 Giga hashes per second (GH/s). An additional hash fee capability of 4,713.6 GH/s is deliberate by the start of November. 

BIT Mining added that will probably be protecting an in depth eye on the worldwide circumstances of cryptocurrency mining markets and insert themselves the place the chance arises. The corporate additionally acknowledged its dedication to increasing the dimensions of its enterprise and enhance the theoretical most total hash rate capability it might probably generate. The objective is to solidify BIT Mining’s place because the main crypto-mining operation on the planet. 

BIT Mining isn’t alone in its quest for a brand new house to mine crypto in after China’s crackdowns on the facility consumption of mining. In June, 26 mining operations had been ordered to close down in Sichuan and cease utilizing native hydropower. Whereas BIT Mining was not a type of circumstances, an not directly held subsidiary, Ganzi Changhe Hydropower Consumption Service Co., was focused by officers and given the discover to cease mining. 

Xianfeng Yang, CEO of BIT Mining, had beforehand stated that “we’re dedicated to defending the surroundings and reducing our carbon footprint. “We’ve got been strategically increasing our operations abroad as a part of our progress technique. Following our investments in cryptocurrency mining information facilities in Texas and Kazakhstan, we’re accelerating our abroad improvement for different high-quality mining assets.”

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