Bit Digital, Inc. Announces Expansion Of Mining Operations Into Iceland
Portfolio Pulse from Happy Mohamed
Bit Digital, Inc. (NASDAQ:BTBT) has finalized an agreement to expand its bitcoin mining operations into Iceland, partnering with GreenBlocks ehf. The expansion will tap into Iceland's renewable energy resources and diversify Bit Digital's hosting operations across the US, Canada, and Iceland.
May 18, 2023 | 12:32 pm
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Bit Digital's expansion into Iceland will tap into renewable energy resources and diversify its hosting operations, potentially increasing its attractiveness to environmentally conscious investors.
The expansion into Iceland allows Bit Digital to tap into renewable energy resources, which is increasingly important for investors concerned about environmental impact. Diversifying hosting operations across multiple countries also reduces risks associated with regulatory changes in any single jurisdiction.
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