Chinese Bitcoin Mining Company Invests $25M in New Facility in Texas
- Date: 21-May-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Chinese Bitcoin Mining Company Invests $25M in New Facility in Texas
The firm that runs the BTC.com bitcoin mining pool is seeking out mining real estate in Texas.
Publicly traded BIT Mining Limited has signed a binding investment term sheet with Dory Creek, a subsidiary of ASIC manufacturer Bitdeer, to build a mining farm in Texas.
BIT Mining plans to invest $25.74 million in the 57-megawatt facility, which it will operate alongside Dory Creek. The company claims that 85% of its power is “generated by clean and low-carbon energy.”