menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

KULR Expan...
source image

Bitcoinmagazine

1d

read

194

img
dot

KULR Expands Bitcoin Mining Operations to 750 PH/s, Targets 1.25 EH/s by Late Summer

  • KULR Technology Group, Inc. expands its Bitcoin mining operations to 750 petahash per second (PH/s) by deploying 3,570 Bitmain S19 XP 140T mining machines in Paraguay.
  • The company aims to reach 1.25 exahash per second (EH/s) by late summer through its dual-pronged 'buy-or-mine' Bitcoin accumulation strategy.
  • KULR has partnered with a U.S.-listed company for ASIC miner leasing and operational support, while leveraging Paraguay's low-cost hydroelectric power for reduced operational costs.
  • The company has secured a $20 million Bitcoin-backed credit facility, emphasizing its long-term Bitcoin holdings strategy and commitment to integrating Bitcoin into its balance sheet.

Read Full Article

like

11 Likes

For uninterrupted reading, download the app