BIT Mining Expands Operations with Ethiopian Acquisition

BIT Mining (BTCM) has released an update.

BIT Mining has successfully completed the first phase of its acquisition of crypto mining data centers and Bitcoin mining machines in Ethiopia, involving a cash payment and issuance of shares. The acquisition boosts BIT Mining’s operational capacity with a 35-megawatt data center and nearly 18,000 BTC mining machines. The second phase, expected to conclude by mid-2025, will further expand the company’s capabilities.

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