BIT Mining Restricted (BTCM) (“BIT Mining” or the “Firm”), a number one technology-driven cryptocurrency mining firm, at present introduced the Firm’s continued dedication to self-mining Litecoin (LTC) and Dogecoin (DOGE) alongside Bitcoin (BTC) mining and its knowledge heart internet hosting companies. As different crypto miners look to diversify income streams in a post-halving atmosphere, the Firm’s enlargement into Litecoin (LTC) and Dogecoin (DOGE) has proved to be practically 3 times extra worthwhile than mining BTC alone.
“At BIT Mining, we consider our cutting-edge expertise and forward-thinking technique uniquely place us to adapt to market shifts and seize new alternatives,” commented Xianfeng Yang, CEO of BIT Mining. “By combining innovation with agility, we’re enhancing our aggressive edge and creating worth for our stakeholders. Because the cryptocurrency market continues to evolve, we’re able to develop alongside it, leveraging our strengths for long-term success.”
As of November 27, 2024, the Firm has mined 84,485.42 LTC and 227,908,250.38 DOGE because it began the LTC and DOGE self-mining enterprise. With over 5,552 lively LTC/DOGE/BEL mining machines (able to mining three cash on the identical time, BEL coin is newer and comparatively extra unstable) delivering a mixed hash fee of 18.94 TH/s, the Firm presently represents 1.32% of the full world community hash fee in LTC/DOGE/BEL, as one of many largest members.
BIT Mining’s dedication to Litecoin (LTC) and Dogecoin (DOGE) is a serious strategic motion following the Firm’s 2021 acquisition of Bee Computing, a semiconductor firm devoted to blockchain {hardware} design and improvement. Because the acquisition, the Firm has launched power-efficient LD3 miners, one of some cutting-edge machines that delivers extremely cost-effective efficiency whereas providing the shortest payback interval for LTC/DOGE/BEL mining, growing profitability and solidifying its place as a market chief. Past a few years of chip design data accumulation, and three years of devoted efforts growing crypto miners, the success of LD3 has confirmed BIT Mining’s ahead…
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