Skip to content

Nasdaq-listed firm completes the purchase of nearly 5,000 bitcoin miners

Nasdaq-listed firm completes the purchase of nearly 5,000 bitcoin miners
Jordan Major

Nasdaq listed crypto mining firm Bit Digital (Nasdaq: BTBT) has acquired an additional 4,871 bitcoin miners in Q1 2021. According to the firm’s press statement, the miners represent a total hash rate of around 324 Ph/s.

With the addition of new miner, Bit Digital’s hash rate will increase from 2,250 Ph/s to 2,574 Ph/s.

Bit Digital’s Chief Financial Officer Erke Huang confirmed the purchase of new miners while explaining the acquisition’s importance. According to Huang:

“We are very pleased to announce the completion of these miner purchases in the first quarter of 2021. With these miners installed, average utility costs should further decline, and we should see an increase in our daily bitcoin production capacity. We expect to continue to invest in miners to increase our overall hash rate capacity in the near future.”

New miners to leverage on bitcoin’s rising value

The New York-based company will deploy the miners in North America to increase its bitcoin production capability. Bit Digital seeks to utilize the rising bitcoin rally that has the asset experience four major price movements in 2021.

The statement adds that some miners have already been delivered and deployed in various United States facilities.

There are the Bitmain S17+, Bitmain S17, and Bitmain S19Pro miners under the new catalog of new miners. The firm has been focusing on purchasing miners which provide high hash rates and high energy efficiency.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.