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Seeking Alpha 2021-05-24 13:01:15

BIT Mining to invest RMB 60M in cryptocurrency mining in Kazakhstan

BIT Mining Limited (BTCM) to invest a total of RMB60M to jointly construct and operate the Kazakhstan Mining Data Center.The total power capacity of the Kazakhstan Mining Data Center is expected to be 100MW.The company will hold an 80% equity interest in the Kazakhstan Mining Data Center, with the Local Partner holding 20%.Concurrently, the company has entered into two service agreements for its mining machines, one with the Local Partner and one with another Kazakhstan-based company.

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