BIT Mining Limited to invest $25.74 million in building a mining center in Texas

The New York Stock Exchange-listed mining company BIT Mining Limited will allocate $25.74 million to fund the construction of a 57.2 MW cryptocurrency mining center in Texas.

Its partner will be Dory Creek, a subsidiary of the cloud mining service BitDeer.

Under the agreements, the companies will develop and operate the data center, with 85% of the 57.2 MW capacity to be powered by clean and low-carbon electricity.

The company’s main mining capacity is currently located in Sichuan province, China.

Upon completion of the Texas facility, 98% of BIT Mining Limited’s Bitcoin mining will be powered by clean energy sources.

In March 2021, the online lottery service provider 500.com Limited renamed to BIT Mining Limited. A month earlier the company acquired the BTC.com mining pool.

Earlier, Argo Blockchain bought land in Texas for the construction of a bitcoin mining data center powered by renewable energy.

In March 2021, Sichuan authorities temporarily restricted electricity supplies to mining companies, including as part of a move to achieve carbon neutrality.

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