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.