Bitcoin Digital, Inc., a bitcoin mining company, having its headquarter in New York, recently announced that they had accomplished their aim of purchasing 4,871 bitcoin miners. Within the first four months of 2021, they had done it. Their bitcoin miners represent a total hash rate of around 324 Ph/s.
These newly purchased miners will be installed in North America. Previously, the company Bit Digital, Inc. had 2,250 Ph/s total hash rates. After this purchase, the total hash rates have been increased to 2,574 Ph/s. The company is now holding the leading position as the highest operating bitcoin mining computing power (or hash rate) among all bitcoin miners.
The mining company’s Chief Financial Officer, Erke Huang, said, “We are pleased to announce the completion of these miner purchases in the first quarter of 2021”. He also added that with the installation of miners, the average utility costs should decline, and they would experience an enhancement in their daily bitcoin production capacity.
He also stated, “We expect to continue to invest in miners to increase our overall hash rate capacity in the near future.”
The newly purchased 4,871 miners mainly consist of Bitmain S17, Bitmain S17+, and Bitmain S19 Pro miners. These bitcoin miners provide high rates and high efficiency. The hash rates of the purchased miners are 60-110 Ph/s, and the energy efficiency is 30-42 joules per terahash (J/TH). The company is also very progressive with its thought of expanding its bitcoin production limits.
Bit Digital, Inc. had purchased the miners on the spot market. So, it is evident that some bitcoin miners have already been delivered, and some are about to be delivered. The delivered ones are in operation in facilities in the U.S. The remaining miners are likely to be delivered by the ending of April 2021.