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home / news releases / BTB - Bit Brother buys 1.4K crypto mining machines expects to mine ~14.15 BTC per month

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

Bit Brother Ltd Ord

  • 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 .

For further details see:

Bit Brother buys 1.4K crypto mining machines, expects to mine ~14.15 BTC per month
Stock Information
Company Name: Bit Brother Ltd Ord
Stock Symbol: BTB
Market: NASDAQ
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