BIT Mining (BTCM) has released an update.
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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.
For further insights into BTCM stock, check out TipRanks’ Stock Analysis page.
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