BIT Mining Buys Mining Equipment For $6.6 Mln

BIT Mining has announced the purchase of 2,500 new mining machines for a total value of $6.6 mln. The new equipment will be put into operation in Kazakhstan. The new machines are expected to provide a 165 PH/s increase in power.

Prior to announcing its latest purchase, BIT Mining had already installed 3,819 Bitcoin mining machines in Kazakhstan. 4033 ASICs have already been delivered to Kazakhstan and are awaiting the start of operation. According to the press release, the company intends to further expand its cryptocurrency business.

Due to its proximity to China and its abundant energy resources, Kazakhstan has become a new hotspot for mining companies. However, critics point to the fact that the country's electricity supply relies heavily on fossil fuels.

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