Bit Mining announced the purchase of 2,500 Bitcoin mining machines, and the computing power will increase by 165 PH/S

On July 28, Bit Mining ($Bit Mining (BTCM) $) (hereinafter referred to as "the Company") issued an announcement announcing the purchase of 2,500 brand-new Bitcoin mining machines by paying cash, with a total value of 6.6 million US dollars (about 42.57 million yuan). All mining machines are expected to be delivered within one week and are planned to be shipped to Kazakhstan. After the deployment is completed, the Company's final strength will increase by 165 PH/S.

In addition to the procurement of mining machines, the company has also made breakthrough progress in the transportation and deployment of mining machines:

1) 3,819 bitcoin mining machines have been deployed in Kazakhstan data center and started mining, and the total power of these mining machines is 172 PH/S.

2) 4030 Bitcoin mining machines have arrived in Kazakhstan data center and are waiting to be deployed. The final power of this batch of mining machines is 121 PH/S.

3) Some Ethereum mining machines purchased in the early stage have been deployed in non-Chinese mainland areas, and mining has started. The total power of this part of mining machines is 86.4 GH/S; The remaining 4713.6 GH/S Ethereum mining machines will be deployed before the end of October.

Looking to the future, the company will actively pay attention to the changes in the mining machine market, purchase more cost-effective mining machines again at the right time, and further increase the company's proportion of computing power in Bitcoin, thus strengthening and consolidating its leading position in the industry.

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