Bit mining to deploy 2,500 more Bitcoin miners in Kazakhstan – mining bitcoin news

Bit Mining will expand its operations in Central Asia with the purchase of 2,500 crypto mining machines expected to be deployed in Kazakhstan. The new devices are expected to increase the Chinese company’s total hash capacity by about 165 petahashes per second.

Bit Mining buys new cryptocurrency miners for data centers in Kazakhstan

Shenzhen-based Bit Mining Ltd. announced Wednesday that it has entered into a purchase agreement to acquire 2,500 new bitcoin mining machines. The deal is priced at around $ 6.6 million, the crypto mining company detailed in a press release.

After delivery, which is scheduled for next week, the company intends to ship the coin striking platforms to Kazakhstan. Once deployed, the mining devices are expected to increase Bit Mining’s “theoretical maximum total hash rate capacity of approximately 165 petahashes per second (PH / s).”

Bit Mining said it is constantly monitoring the cryptocurrency mining hardware market and will consider “profitable” acquisitions “on an opportunistic basis.” He underlined:

Going forward, the company is poised 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 company. .

Chinese mining company continues to migrate to Central Asia

The crypto firm further noted that the expansion of its fleet of bitcoin mining machines continues alongside the implementation of its abroad development strategy that is largely focused on Central Asia. Bit Mining has already installed 3,819 platforms with a total hash capacity of 172 PH / s in data centers in Kazakhstan. Another 4,033 bitcoin miners with a hash capacity of 121 PH / s have been shipped to the country and are currently awaiting deployment.

Bit Mining to Deploy 2,500 More Bitcoin Miners in Kazakhstan

According to the announcement published by Prnewswire, the company also launched ethereum (ETH) mining operations outside of mainland China that have a hash capacity of 86.4 gigahashes per second (GH / s). “An additional hash rate capacity of 4,713.6 GH / s is expected to be deployed by the end of October 2021,” Bit Mining added.

In May, the Chinese company revealed plans to build and operate a 100 MW crypto-mining data center in Kazakhstan, a project that will be implemented in partnership with two local companies. In June, Bit Mining started moving 3,000 Bitcoin mining machines in Kazakhstan amid ongoing government repression on crypto mining in the People’s Republic of China.

Do you expect more crypto mining companies in China to follow Bit Mining’s lead and relocate to Central Asia?

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Bit extraction, Bitcoin miners, Central Asia, China, crypto miners, cryptocurrency miners, Data centers, deployment, Kazakhstan, Minors, mining company, Mining devices, mining company, mining company, mining machines, Purchases, Shipping

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