© Reuters.
CHANGSHA, China – Bit Brother Limited (NASDAQ:BETS), a company specializing in business management and cryptocurrency businesses, has entered into a consulting agreement with Cruxforce, LLC to identify a new mining site. The move follows the recent bitcoin price surge, which saw the cryptocurrency surpass $45,000 in December 2023, sparking investor interest.
The agreement involves the search for a third mining site with a power supply capacity of up to 40 megawatts, to accommodate the expansion of Bit Brother’s mining operations. The company emphasizes the importance of a stable and sufficient power supply, essential for the uninterrupted operation of mining equipment.
Cruxforce’s energy supply expertise is expected to help Bit Brother improve its performance and increase its market share in the competitive cryptocurrency industry. The successful establishment of a third location is expected to be a strategic step forward for the company and could potentially lead to increased returns for investors.
Bit Brother Ltd operates in China and the United States, where it manages and integrates cryptocurrency mining facilities. It aims to expand its mining activities, having already developed two mining sites.
The information in this article is based on a press release from Bit Brother Limited.
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