Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Seeking Alpha 2022-05-05 12:43:15

China Xiangtai stock gains premarket on deal for 6.1 MW crypto mining capacity

China Xiangtai Food (NASDAQ:BTOG) stock rose 4.8% premarket on Thursday after the firm inked a hosting deal with Horizon Mining to secure cryptocurrency mining capacity of up to 6.1 MW. Horizon Mining is an operator of a crypto mining site in Georgia Center for Innovation & Manufacturing in Macon City, Georgia, U.S. BTOG also said its first batch of 868 miners will be deployed in Georgia on Thursday. The next batch of 560 miners will be deployed in the second week of May. "Running at full capacity, the total of 1,428 miners are expected to mine 0.56 BTC per day or generate daily revenue of ~$22K," BTOG said in a statement. BTOG projects revenue of ~$5M from these miners in 2022.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.