BIT Mining Expands with Ethiopian Acquisition

BIT Mining (BTCM) has released an update.

BIT Mining is set to strengthen its position in the cryptocurrency sector with its acquisition of 51-megawatt data centers and nearly 18,000 Bitcoin mining machines in Ethiopia for $14.28 million. This strategic move, involving both cash and stock payments, aligns with the company’s focus on expanding its self-operated mining capabilities. The acquisition is expected to enhance BIT Mining’s profitability and market presence significantly.

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