VCI Global partners with Emerging Hub for bitcoin mining opportunities

VCI Global announced a strategic partnership aimed at advancing large-scale Bitcoin mining farm. VCI Global will collaborate with Emerging Hub. In phase one of this partnership, a 35-megawatt Bitcoin mining farm will be developed, expected to accommodate 10,000 Bitcoin mining rigs that together are forecasted to generate over 2 exahashes per second, projected to yield over 500 Bitcoins by the end of the first year. Subsequently, production will gradually increase, and more mining rigs will be added in subsequent phases. The objective is to mine over 2,000 Bitcoins within a five-year period. Based on the current market price of over US$ 65,000 per Bitcoin, this would value the total mined Bitcoin at around US$ 130 million, without considering any price appreciation. Under this arrangement, VCIG anticipates securing a 30% share of the mined Bitcoin. VCIG and Emerging Hub have initiated negotiations with certain government bodies and a prominent energy player, who will be supplying environmentally friendly Liquefied Natural Gas to power the mining machines, ensuring sustainable and efficient operations.