BitMine Immersion Technologies, Inc. Announces Large Acquisition of Mining Computers, Tripling Deployed Computers Beginning January 2025
BitMine Immersion Technologies (OTCQX: BMNR) has announced the purchase of 3,000 ASIC Mining Computers from Luxor Technology for $1,035,000, tripling its fleet to 4,500 machines. The acquisition, funded through a forward sale of hashrate, will increase BitMine's mining capacity from 140 to over 400 Petahash. The new machines will be deployed at locations in Texas and Trinidad starting January 2025. The company aims to achieve one Exahash throughout 2025 and plans to acquire and hold Bitcoin as financing opportunities arise.
BitMine Immersion Technologies (OTCQX: BMNR) ha annunciato l'acquisto di 3.000 computer per il mining ASIC dalla Luxor Technology per un totale di 1.035.000 dollari, triplicando la propria flotta a 4.500 macchine. L'acquisizione, finanziata attraverso una vendita anticipata di hashrate, aumenterà la capacità di mining di BitMine da 140 a oltre 400 Petahash. Le nuove macchine saranno installate in Texas e Trinidad a partire da gennaio 2025. L'azienda mira a raggiungere un Exahash entro il 2025 e pianifica di acquisire e detenere Bitcoin man mano che si presentano opportunità di finanziamento.
BitMine Immersion Technologies (OTCQX: BMNR) ha anunciado la compra de 3,000 computadoras para minería ASIC de Luxor Technology por un total de $1,035,000, triplicando su flota a 4,500 máquinas. La adquisición, financiada a través de una venta anticipada de hashrate, aumentará la capacidad de minería de BitMine de 140 a más de 400 Petahash. Las nuevas máquinas se implementarán en Texas y Trinidad a partir de enero de 2025. La empresa tiene como objetivo alcanzar un Exahash durante 2025 y planea adquirir y mantener Bitcoin a medida que surjan oportunidades de financiamiento.
BitMine Immersion Technologies (OTCQX: BMNR)은 Luxor Technology로부터 3,000대의 ASIC 채굴 컴퓨터를 1,035,000달러에 구매했다고 발표하며, 이로써 자신의 기계를 4,500대로 3배 증가시켰습니다. 이번 인수는 해시레이트의 선판매를 통해 자금을 조달했으며, BitMine의 채굴 용량을 140에서 400 페타해시 이상으로 늘릴 것입니다. 새로운 기계는 2025년 1월부터 텍사스와 트리니다드에 배치될 예정입니다. 이 회사는 2025년 동안 1 엑사해시를 달성하는 것을 목표로 하며, 자금 조달 기회가 생길 때마다 비트코인을 구매하고 보유할 계획입니다.
BitMine Immersion Technologies (OTCQX: BMNR) a annoncé l'achat de 3 000 ordinateurs de minage ASIC auprès de Luxor Technology pour un montant de 1 035 000 $, triplant ainsi sa flotte à 4 500 machines. L'acquisition, financée par une vente à terme de hashrate, augmentera la capacité de minage de BitMine de 140 à plus de 400 Petahash. Les nouvelles machines seront déployées dans des sites au Texas et à Trinidad à partir de janvier 2025. L'entreprise vise à atteindre un Exahash en 2025 et prévoit d'acquérir et de conserver des Bitcoins dès que des opportunités de financement se présentent.
BitMine Immersion Technologies (OTCQX: BMNR) hat den Kauf von 3.000 ASIC Mining-Computern von Luxor Technology für 1.035.000 Dollar bekannt gegeben, wodurch die Flotte auf 4.500 Maschinen verdreifacht wird. Die Übernahme, finanziert durch einen Vorverkauf von Hashrate, wird die Mining-Kapazität von BitMine von 140 auf über 400 Petahash erhöhen. Die neuen Maschinen werden ab Januar 2025 an Standorten in Texas und Trinidad eingesetzt. Das Unternehmen hat sich zum Ziel gesetzt, im Jahr 2025 ein Exahash zu erreichen und plant, Bitcoin zu erwerben und zu halten, sobald sich Finanzierungsmöglichkeiten ergeben.
- Triples mining fleet from 1,500 to 4,500 machines
- Increases mining capacity from 140 to 400+ Petahash
- Expanding gross profit margins
- Strategic deployment across multiple locations (Texas and Trinidad)
- Significant capital expenditure of $1,035,000
- Forward sale of hashrate indicates potential future revenue commitment
- Execution risk in deploying large number of machines
ATLANTA, Nov. 21, 2024 (GLOBE NEWSWIRE) -- BitMine Immersion Technologies, Inc. ("BitMine" or "the Company") (OTCQX: BMNR) announces that it has purchased 3000 ASIC Mining Computers from Luxor Technology Corporation (“Luxor”), increasing its fleet from approximately 1500 machines to 4500 machines.
The purchase of the machines was done through a forward sale of hashrate from BitMine computers that are currently running on the Luxor mining pool. The purchase price was
Jonathan Bates, BitMine CEO, stated, “This purchase of machines will significantly increase our self-mining revenue at a time when gross profit margins are expanding. We are bullish on mining margins as well as bitcoin itself, for all of 2025. We are excited to expand our working partnerships with both Luxor and our hosting partners.”
Ethan Vera, COO of Luxor “Over the years we have worked with almost three-thousand mining entities and BitMine is one of the most forward-looking teams with a great track record of execution. We are happy that our hashrate forward contract could provide capital to scale their operations, in addition to optimizing the efficiency of the machines with LuxOS firmware”.
About Luxor Technology Corporation
Luxor Technology Corporation is a Bitcoin mining software and services company that offers a suite of products catered toward the mining and compute power industry. Luxor’s suite of software and services include an ASIC Trading desk, a Bitcoin mining pool, Hashrate Derivatives products, custom ASIC Firmware and a Bitcoin mining data platform.
About BitMine Immersion Technologies, Inc.
BitMine is a technology company focused on Bitcoin mining using immersion technology, an advanced cooling technique where computers are submerged in specialized oil circulated to keep units operating at optimal ambient temperature. Immersion technology is more environmentally friendly than conventional mining methodologies, while lowering operating expenses and increasing yield. BitMine's operations are located in low-cost energy regions in Trinidad, Pecos, Texas, and Murray, Kentucky.
Forward-Looking Statements:
This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond BitMine's control, including those set forth in the Risk Factors section of BitMine's Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on December 14, 2023, and its Quarterly Report on Form 10-Q filed with the SEC on July 15, 2024, and any other SEC filings, as amended or updated from time to time. Copies of BitMine's filings with the SEC are available on the SEC's website at www.sec.gov/edgar/searchedgar/companysearch. BitMine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
BitMine Immersion Technologies Contact:
Jonathan Bates, Chairman and CEO
info@bitminetech.io
FAQ
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