Bit Digital expands mining capacity

Bit Digital is pleased to announce that it has finalized an agreement for 10 megawatts of incremental hosting capacity to power its miners. The hosting facility, located in Plattsburgh, New York, is operated by a subsidiary of Coinmint. This new agreement brings the company’s total contracted hosting capacity with Coinmint to approximately 30 MW. The agreement features an initial two-year term with automatic three-month renewals. Bit Digital intends to deliver approximately 3,100 miners to the facility, which contemplates the purchase of approximately 2,000 new generation miners to fill the capacity. The company expects the first tranche of miners to be delivered to the facility and hashing by the end of April 2023, and the second tranche to be delivered and hashing by the end of July 2023.