SHENZHEN, China, May 19, 2021 /PRNewswire/ BIT Mining Limited (NYSE: BTCM) ( BIT Mining or the Company ), a leading cryptocurrency mining enterprise, today announced that it has entered into a binding investment term sheet (the Term Sheet ) with Dory Creek, LLC ( Dory Creek ), a wholly-owned subsidiary of Bitdeer, Inc. to invest in a cryptocurrency mining data center in Texas (the Texas Mining Center ).Â
Pursuant to the Term Sheet, the Company will invest a total amount of US$25.74 million and jointly construct and operate the Texas Mining Center with Dory Creek. The total power capacity of the Texas Mining Center is 57.2MW, with more than 85% of its power generated by clean and low-carbon energy. As the electricity supply is further optimized in Texas, the Texas Mining Center will use higher proportions of electricity generated by clean energy.
BIT Mining Limited Announces to Invest in a Cryptocurrency Mining Data Center in Texas SHENZHEN, China May 19, 2021 /PRNewswire/- BIT Mining Limited (NYSE: BTCM) ( BIT Mining or the Company ), a leading cryptocurrency mining enterprise, today announced that it has entered into a binding investment term sheet (the Term Sheet ) with Dory Creek, LLC ( Dory Creek ), a wholly-owned subsidiary of Bitdeer, Inc. to invest in a cryptocurrency mining data center in Texas (the Texas Mining Center ). Pursuant to the Term Sheet, the Company will invest a total amount of US$25.74 million and jointly construct and operate the Texas Mining Center with Dory Creek. The total power capacity of the Texas Mining Center is 57.2MW, with more than 85% of its power generated by clean and low-carbon energy. As the electricity supply is further optimized in Texas, the Texas Mining Center will use higher proportions of electricity generated by clean energy.