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Cryptocurrencies: 30019
Markets: 116420
Market Cap: $2,636,596,151,643     
24h Vol: $45,124,678,784
Seeking Alpha 2023-01-17 15:09:28

Bit Brother buys 1.4K crypto mining machines, expects to mine ~14.15 BTC per month

Bit Brother buys 1.4K crypto mining machines, expects to mine ~14.15 BTC per month
Bit Brother ( NASDAQ: BTB ) said Tuesday it bought 1.4K S19J Pro cryptocurrency mining servers, each with ~100 TH/S hash rate, from Grand Flourish for $2.3M. All servers have been delivered and Bit Brother ( BTB ) has begun operating these servers. Bit Brother ( BTB ) expects the servers to generate ~0.47 bitcoin per day, or ~14.15 BTC per month, assuming all machines operate as expected. The company, which currently focuses on distribution and retail of specialty tea products, has conducted research and planning of its blockchain and crypto mining business since 2021. Earlier, Bit Brother ( BTB ) regained compliance with Nasdaq's minimum bid price rules .
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