Bit Mining (NYSE: BTCM), a leading encrypted digital currency mining company, announced that the first batch of 320 mining machines has arrived in Kazakhstan, with a total computing power of about 18.2 PH/S. It is expected to be deployed and put into operation on June 27. According to the plan, 2,600 mining machines in the second and third batches are expected to arrive in Kazakhstan before July 1, with a total computing power of about 102.3 PH/S. In addition, based on the company's overseas expansion strategy, the company's other self-owned mining machines will also be shipped overseas in batches.
Mr. Yang Xianfeng, CEO of Bit Mining, said: "Expanding overseas is one of the company's long-term development strategies. The company takes the lead in investing in Texas and Kazakhstan, which will help the company establish a first-mover advantage in overseas markets. In addition, the profound insights in the currency mining field allow us to flexibly respond to the ever-changing global regulatory environment and ultimately drive the company's business to achieve long-term growth."
According to data in May, the company's mining sites in Sichuan accounted for only 3% of the company's total revenue.
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