Chinese company Bitbank raised $1.5m to fund new bitcoin mining facility
emerging markets

Chinese company Bitbank raised $1.5m to fund new bitcoin mining facility

THELOGICALINDIAN - Bitcoin barter and wallet casework provider Bitbank which launched in October 2024 aloof appear that they accept auspiciously adjourned 3500 BTC 15m USDto advice body a new bitcoin mining ability inXinjiang China

According to Bitbank’s crowdfunding page, Bitbank is constructing a mining ability that will be able with the world’s alone 14nm miners. The Xinjiang mining ability should produce about 30 petahash of hashing power. Bitbank was alms investors a 6.9% absorption amount on investments in the bitcoin mining ability with 100% of funds that are declared to be alternate afterwards the mining ability is completed construction. Bitbank said that they “ensure [a acknowledgment on] the advance due to the low ability amount in the facility.”

As apparent in the video beneath (in Chinese), you can see the new mining ability in advance of actuality built. The crowdfunding concluded today with a absolute of 26 investors. Bitbank additionally said in commendations to the new mining facility,