2 years ago
Crypto miners Bit Digital (Nasdaq: BTBT) and BitMine Immersion Technologies person signed a letter of intent to found a hosting narration that volition commencement with 7,000 current-generation ASIC miners. The determination comes respective months aft New York-based Bit Digital afloat exited the Chinese marketplace aft the mining ban, shifting its absorption to North America.
Bit Digital and BitMine Immersion program to statesman transportation of the ASIC miners successful the coming weeks and months and to beryllium astatine capableness by the extremity of August.
Bitmain’s latest Antminer ASICs commencement astatine $7,500 truthful the statement could beryllium worthy successful the $50 cardinal to $60 cardinal range.
The companies program to chiefly excavation bitcoin successful immersion-cooled containers, which keeps the machines chill and allows for higher output and amended vigor efficiency.
Bit Digital and BitMine person agreed to a gross divided of the mined bitcoin nether the multi-year deal.
"We are blessed to statesman our narration with BitMine Immersion Technologies, and person known the squad for immoderate time. As a company, we person been intrigued by mining utilizing immersion technology, and we are blessed we recovered an perfect hosting script allowing america to utilize the benefits offered by immersion cooling of our machines," said Bit Digital CEO Bryan Bullett successful the property release.
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