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With A Capex of $25M for Mining Infrastructure and Hardware, Bullet Plots Course to 2,625 Petahash Consuming 100 Megawatts Within 12 Months
CORK, REPUBLIC OF IRELAND / ACCESSWIRE / April 18, 2021 / Bullet Blockchain LTD ( Bullet or the Company ), a turnkey crypto mining operation focused on stability, transparency and scalability, announced today, that the company will officially launch its bitcoin mining operations in the 3
rd QT of 2021, mining bitcoin with the use of 3,500 next generation ASIC miners, having a hash rate capacity of 315 petahash, consuming 12 megawatts of electricity.
Management indicated that Bullet Blockchain has invested approximately $14.5M of the capital ($25M Total Capex) that the Company secured from investors. The money was invested into infrastructure and hardware, which consists of 3,500 A1246 miners and the buildout of the off-grid site, which supports 12 megawatts of capacity. Bullet has completed the build of the physical site and expects t