The Nasdaq-listed company BTC Digital (formerly Meten Holding) announced the purchase of 220 ASIC miners of the Antminer S19j Pro model.
The deal was paid for with shares totaling $968,800. Delivery and commissioning of the devices are expected by the end of November.
With the new machines, the company’s fleet will comprise 2,174 units with a total hash rate of 230 PH/s.
“The company intends to continue developing its cryptocurrency business by acquiring a larger number of mining devices. The company believes that operating a growing fleet will help ensure financial stability and long-term growth,” the statement said.
In August, Meten Holding announced its name change to BTC Digital. On September 29 Nasdaq began trading shares under the ticker BTCT instead of METX.
In July the company announced the purchase of 200 ASIC miners of the Antminer S19j Pro for $880,000. The devices were to be delivered and connected by the end of the same month.
As JPMorgan analysts noted, the upcominghalving in the Bitcoin networkwill be a pivotal test for miners due to the reduction in block rewards and rising costs.
At the end of October, mining difficulty for the first cryptocurrency, following another recalculation reached a historical high of 62.4 TH/s.