SHENZHEN, China, Could 19, 2021 /PRNewswire/ — BIT Mining Restricted (NYSE: BTCM) (“BIT Mining” or the “Firm”), a number one cryptocurrency mining enterprise, at the moment introduced that it has entered right into a binding funding time period sheet (the “Time period Sheet”) with Dory Creek, LLC (“Dory Creek”), a wholly-owned subsidiary of Bitdeer, Inc. to spend money on a cryptocurrency mining information heart in Texas (the “Texas Mining Middle”).
Pursuant to the Time period Sheet, the Firm will make investments a complete quantity of US$25.74 million and collectively assemble and function the Texas Mining Middle with Dory Creek. The full energy capability of the Texas Mining Middle is 57.2MW, with greater than 85% of its energy generated by clear and low-carbon vitality. Because the electrical energy provide is additional optimized in Texas, the Texas Mining Middle will use greater proportions of electrical energy generated by clear vitality.
BIT Mining is dedicated to defending the surroundings and reducing its carbon footprint. The Firm’s hydroelectric cryptocurrency information facilities in Sichuan Province, China run 100% on clear vitality. With the arrival of the wet season in Sichuan Province, the corporate’s hydroelectric cryptocurrency information facilities can now absolutely make the most of the extreme water flows as soon as deserted as a consequence of inadequate electrical energy demand. Via its enterprise operation, the Firm can contribute to the native financial system and supply native employment alternatives. Upon completion of the Texas Mining Middle, over 98% of the Firm’s whole energy capability can be generated by clear and low-carbon vitality. Going ahead, BIT Mining intends to do its half, fulfill its obligations to attaining carbon neutrality and proactively search out extra high-quality mining sources abroad.
About BIT Mining Restricted
BIT Mining Restricted (NYSE: BTCM) is a number one cryptocurrency mining firm, with a long-term technique to create worth throughout the cryptocurrency business. Its enterprise covers cryptocurrency mining, mining pool, and information heart operation. The Firm has deployed bitcoin mining machines with a theoretical most whole hash charge capability of roughly 1,031.5 PH/s, owns three hydroelectric cryptocurrency information facilities with a complete energy capability of 435MW and owns the whole mining pool enterprise operated beneath BTC.com, together with the area identify BTC.com and the cryptocurrency pockets of BTC.com. The Firm has additionally entered right into a definitive settlement to amass a 7-nanometer cryptocurrency mining machine producer, Bee Computing (HK) Restricted, to finish its vertical integration with its provide chain, enhance its self-sufficiency and strengthen its aggressive place.
Protected Harbor Statements
This information launch accommodates forward-looking statements inside the that means of Part 21E of the Securities Change Act of 1934, as amended, and as outlined within the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements could be recognized by terminology comparable to “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates”, “goal”, “going ahead”, “outlook” and comparable statements. Such statements are based mostly upon administration’s present expectations and present market and working circumstances and relate to occasions that contain recognized or unknown dangers, uncertainties and different elements, all of that are troublesome to foretell and plenty of of that are past the Firm’s management, which can trigger the Firm’s precise outcomes, efficiency or achievements to vary materially from these within the forward-looking statements. Additional info concerning these and different dangers, uncertainties or elements is included within the Firm’s filings with the U.S. Securities and Change Fee. The Firm doesn’t undertake any obligation to replace any forward-looking assertion because of new info, future occasions or in any other case, besides as required beneath regulation.
For additional info:
BIT Mining Restricted
[email protected]
Ms. Danni Zheng
Cellphone: +86 755 8633 8005
The Piacente Group, Inc.
Helen Wu
Tel: +86 (10) 6508-0677
E-mail: [email protected]
In the USA:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1 (212) 481-2050
E-mail: [email protected]
SOURCE BIT Mining Restricted
