Bit Digital Announces Expansion Of Mining Capacity In Iceland
Portfolio Pulse from Benzinga Newsdesk
Bit Digital announces the expansion of its mining capacity in Iceland, aiming to increase its global mining capacity and reduce energy costs.
June 22, 2023 | 1:05 pm
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Bit Digital's expansion of mining capacity in Iceland may lead to increased global capacity and reduced energy costs for the company.
Bit Digital's expansion in Iceland directly impacts the company's mining capacity and energy costs. Increased capacity may lead to higher revenues, while reduced energy costs can improve profitability. This news is likely to have a positive short-term impact on the stock price.
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