Abits Group (ABTS) announced a significant expansion of its operations through a new 10MW hosting facility in Memphis, Tennessee, effectively doubling its mining capacity. The Company has successfully completed the deployment of 400 units of Antminer T21 at its Duff operation which now runs a total hash rate of approximately 500PH/s. The Memphis addition, secured through a hosting agreement with 4545 S Mendenhall LLC, will increase the Company’s total power capacity to 22 MW and is expected to raise the total output to approximately 1EH/s.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ABTS: