BTC Digital Announces Strategic Acquisition Of Arkansas-Based Mining Facility; Includes A Bitcoin Mining Facility In Arkansas Equipped With A 6MV Long-Term Stable Power Load, With The Total Consideration For The Purchase Amounting To $1.99M
Portfolio Pulse from Benzinga Newsdesk
BTC Digital Ltd. has announced the acquisition of an Arkansas-based Bitcoin mining facility for $1.99 million. This strategic move aims to reduce operational costs, ensure a stable energy supply, and offer leading mining machine hosting services, enhancing BTC Digital's competitiveness in the cryptocurrency mining industry.
July 03, 2024 | 5:02 pm
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BTC Digital Ltd. has acquired an Arkansas-based Bitcoin mining facility for $1.99 million. This acquisition is expected to reduce operational costs, ensure a stable energy supply, and offer leading mining machine hosting services, thereby enhancing the company's competitiveness in the cryptocurrency mining industry.
The acquisition of the mining facility is a strategic move that will likely reduce operational costs and ensure a stable energy supply, which are critical factors in the competitive Bitcoin mining industry. Additionally, offering leading mining machine hosting services can attract more clients and increase revenue.
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