An emerging Bitcoin mining company headquartered in New York, Bit Digital, Inc. (Nasdaq: BTBT), today announced a group of hosting partnerships that will expand its operations across North America. The hosting companies partnering with Bit Digital are Compute North and Link Global Technologies (CNSX: LNK). This strategic move will give Bit Digital the ability to deploy greater North American Bitcoin mining power.
Bit Digital hosted 2,100 miners with Compute North prior to the new agreement. The Company will transfer an additional 3,000 Bitmain S17+ miners with a hashrate of 73 THs per miner during Q2-2021 with the updated partnership. This expansion is expected to bring the total hash power hosted in the U.S. to approximately 326 PHs within Q2 with Compute North.
In addition, the partnership of Bit Digital with Link Global Technologies (CSE:LNK), one of Canada’s leading providers of Bitcoin mining hosting, will enable the company to place 1,000 miners on their premises. This agreement will be finalized by Bit Digital’s in the Canadian subsidiary formation.
“Working with the best Bitcoin companies in the industry is key to our North American operations, and we’re proud to continue installing bitcoin miners with these exceptional partners,” shared Bit Digital interim CEO, Erke Huang. “The partnerships built in 2021 are intended to allow Bit Digital to quickly expand U.S.-based bitcoin production while maintaining the miners’ operational performance.”
To date, Bit Digital owns 40,865 mining machines and is deploying its miners to North America throughout 2021. As existing miners come online, Bit Digital expects these partnerships to expand even further.
Bit Digital will provide ongoing updates on new developments including Bitcoin production through its global mining operations as they become available.