NEW YORK, April 6, 2021
The crypto mining firm , Bit Digital, Inc. (Nasdaq: BTBT) (the “Company”), a Bitcoin Mining Company Headquartered in New York, announced that the Company had completed the purchase of 4,871 bitcoin miners representing a total hash rate of around 324 Ph/s in the first quarter of 2021.
All of the newly purchased miners will be deployed in North America.
The purchase will increase the Company’s total hash rate from 2,250 Ph/s to 2,574 Ph/s, furthering its lead as one of the highest operating bitcoin mining computing power (or hash rate) among all listed bitcoin miners.
In the news press statement, Bit Digital’s Chief Financial Officer Erke Huang confirmed the purchase of new miners while explaining the acquisition’s importance;
“We are very pleased to announce the completion of these miner purchases in the first quarter of 2021. With these miners installed, average utility costs should further decline, and we should see an increase in our daily bitcoin production capacity. We expect to continue to invest in miners to increase our overall hash rate capacity in the near future.”
