BETS Announces Delivery Of The All Equipment At The Second Mining Farm; As Of Now, The Co Has Received An Initial Batch Of ~1,400 Miners, Mining Containers, Transformers, Sound Barriers And Other Equipment Required For The Operation
Portfolio Pulse from Benzinga Newsdesk
Bit Brother Limited (BETS) has announced the delivery of all necessary equipment for its second cryptocurrency mining farm. The delivery, delayed due to extreme cold weather in Texas, includes approximately 1,400 miners and other essential equipment. The miners have been installed and tested, with the majority of other equipment assembly and testing completed. The company is now awaiting inspection by Abilene City and the issuance of a Certificate of Occupancy, anticipating the commencement of Site 2 in early February 2024.
January 25, 2024 | 2:26 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Bit Brother Limited has successfully received and installed equipment for its second mining farm, with operations expected to start in early February 2024 after receiving a Certificate of Occupancy.
The successful delivery and installation of mining equipment is a positive development for Bit Brother, indicating progress in its expansion plans. The anticipation of the mining farm's commencement is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price. The confidence level is high due to the clear progress and specific timelines provided, though the volatile nature of the cryptocurrency market adds some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100