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BIT mining buys 2500 mining rigs to mine bitcoin in Kazakhstan

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Shivangi Mujumdar Follow

INDIA

Jul, 30 2021

Jul, 30 2021

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The crypto mining firm announced new expansion in Kazakhstan. It has planned to purchase 2500 Bitcoin mining rigs for the deployment in Kazakhstan. A new initiative was launched on 29th July by BIT mining. The plan will follow the new introduction rule of new energy for crypto miners starting from 2022. This focus is to reduce the crackdown and threat of losing hope in the market.


One of the biggest announcements by BIT mining was how it agreed to buy 2500 Bitcoin mining rigs. The amount invested through this process is $6.6 million. Already 3819 BTC miners were under operation in the Kazakhstan data center. The next 4033 machines are on the way to be generated. After deployment of additional machines BIT can increase hash rate capacity to 458 petahashes per second.


The statement was given by BIT mining about the operation of mining outside China. China is responsible for the crackdown on mining. The various Chinese firms have shut down the operation under the guidelines of the State Council financial stability and development committee.


The cryptocurrency mining company BIT mining has long-term strategic goals. The main theme of the mining company is to operate the value of crypto mining globally. Talking about the value it is indulged in data center operation, pool mining, crypto mining.


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Shivangi Mujumdar

CBW - External Analyst

INDIA

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