Bit Mining announced that the first batch of mining machines arrived in Kazakhstan

On June 21, 2021, Bit Mining ($Bit Mining (BTCM) $), a leading encrypted digital cash mining enterprise (hereinafter referred to as "the Company"), announced today that the first batch of 320 mining machines have arrived in Kazakhstan, with a final strength of about 18.2   PH/S, which is expected to be deployed and put into operation on June 27th. According to the plan, the second and third batches of 2,600 mining machines are expected to arrive in Kazakhstan before July 1, with a final capacity of about 102.3 PH/s. Based on the company's overseas expansion strategy, the company's other own mining machines will also be shipped overseas in batches.

Due to the notice of suspension of power supply from Ganzi Power Supplier in Sichuan Province, the Company has shut down the encrypted digital cash Mine in Changheba Hydropower Consumption Industry Demonstration Park in Ganzi Prefecture, Sichuan Province since June 19th. According to May data, the revenue generated by the company's mining sites in Sichuan accounts for only 3% of the company's total revenue.

Mr. Yang Xianfeng, CEO of Bit Mining, said: "Expanding overseas is one of the company's long-term development strategies. The company took the lead in investing in Texas and Kazakhstan, which will help the company establish its first-mover advantage in overseas markets. In addition, our profound insight into the field of cryptocurrency mining will enable us to flexibly cope with the changing global regulatory environment and ultimately promote the long-term growth of the company's business. "

Disclaimer: The above content represents only the personal views of the poster and does not constitute investment advice on this platform.

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