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Market Cap:
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Bitcoin Bitcoin Share: 59.75%
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Seeking Alpha
2022-04-05 12:55:14

Bit Digital and BitMine Immersion Technologies to host 7K ASIC Mining computers

Bit Digital and BitMine Immersion Technologies to host 7K ASIC Mining computers

Bit Digital (NASDAQ:BTBT) and BitMine Immersion Technologies signed a LOI to establish a hosting relationship commencing with 7K current generation ASIC miners. The final agreement is expected to be completed in the upcoming weeks. The companies have agreed in principle to a mutually beneficial revenue split of the mined Bitcoin, and a multi-year term. Bit Digital and BitMine Immersion intend to begin delivery in the coming weeks and months and fill the capacity by August end. Shares trading 1.9% higher premarket.

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