Bitcoin
$41,756.64+2.47%
Ethereum
$2,236.79+0.71%
Binance Coin
$227.61+1.35%
XRP
$0.62233845-1.10%
Solana
$60.94-5.64%
Cardano
$0.40802903+1.06%
Dogecoin
$0.09029508+4.05%
Tron
$0.10339452-0.78%
Chainlink
$15.78-1.21%
Avalanche
$22.79+2.58%
Polygon
$0.80702826-2.62%
Polkadot
$5.57+0.61%
PlayIconNav
Crypto Prices CoinDesk Market Index CoinDesk Market Index
Markets

Chinese Bitcoin Mining Company Delivers First Machines to Kazakhstan

BIT Mining expects to deliver another two batches of machines by the start of July.

By Jamie Crawley
AccessTimeIconJun 22, 2021 at 8:49 a.m. UTC
Updated Dec 10, 2022 at 9:23 p.m. UTC
Mining facility

Mining facility

10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Chinese bitcoin miner BIT Mining delivered its first batch of 320 machines to Kazakhstan after its operations in the Chinese province of Sichuan were suspended.

  • The publicly traded company (NYSE: BTCM) expects to deliver another 2,600 machines before the start of July, it saidhttps://ir.btc.com/2021-06-21-BIT-Mining-Successfully-Delivers-Mining-Machines-to-Kazakhstan in an announcement Monday.
  • The company's remaining machines will also be shipped overseas.
  • The mining machines already shipped have a theoretical maximum hash rate capacity of 18.2 PH/s. One PH/s stands for one quadrillion hashes per second, the measure of how many calculations a mining machine can compute.
  • The move to Kazakhstan came after BIT Mining received notice on Saturday that the power supply for its data center in Sichuan would be suspended by the state energy regulator.
  • BIT Mining's data centers in Sichuan contributed about 3% of its total revenue in May.
  • With China's crackdown on the crypto mining industry, companies are looking to migrate elsewhere. Along with Kazakhstan, BIT Mining has also invested $25 million in a new mining center in Texas.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.