Bit Digital Expands North American Bitcoin Internet hosting Partnerships with Compute North and Hyperlink International Applied sciences


NEW YORK, Feb. 23, 2021 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT), an rising Bitcoin mining firm headquartered in New York, introduced at this time a bunch of internet hosting partnerships that can develop its operations throughout North America. Compute North and Hyperlink International Applied sciences (CNSX: LNK) are the internet hosting firms which can be partnering with Bit Digital. This strategic transfer will grant Bit Digital the flexibility to deploy higher Bitcoin mining energy to North America.

Previous to the brand new settlement, Bit Digital hosted 2,100 miners with Compute North. With the up to date partnership, the Firm will transfer an extra 3,000 Bitmain S17+ miners with a hashrate of 73 THs per miner throughout Q2-2021. This growth is anticipated to deliver the whole hash energy hosted within the U.S. with Compute North to roughly 326 PHs inside Q2.

Moreover, Bit Digital’s partnership with Hyperlink International Applied sciences (CSE:LNK), one in all Canada’s main Bitcoin mining internet hosting suppliers, will permit the Firm to put 1,000 miners on their premises. This deal might be finalized by means of Bit Digital’s in formation Canadian subsidiary.

“Working with one of the best Bitcoin firms within the business is essential to our North American operations, and we’re proud to proceed putting in bitcoin miners with these distinctive companions,” shared Bit Digital interim CEO, Erke Huang. “The partnerships in-built 2021 are supposed to permit Bit Digital to shortly develop U.S.-based bitcoin manufacturing whereas sustaining the miners’ operational efficiency.”

So far, Bit Digital owns 40,865 mining machines and is deploying its miners to North America all through 2021. As current miners come on-line, Bit Digital expects these partnerships to develop even additional.

Bit Digital will present ongoing updates on new developments together with Bitcoin manufacturing by means of its world mining operations as they develop into obtainable.

Protected Harbor Assertion

This press launch might comprise sure “forward-looking statements” referring to the enterprise of Bit Digital, Inc., and its subsidiary firms. All statements, aside from statements of historic truth included herein are “forward-looking statements.” These forward-looking statements are sometimes recognized by way of forward-looking terminology similar to “believes,” “expects” or comparable expressions, contain identified and unknown dangers and uncertainties. Though the corporate believes that the expectations mirrored in these forward-looking statements are cheap, they do contain assumptions, dangers and uncertainties, and these expectations might show to be incorrect. Buyers mustn’t place undue reliance on these forward-looking statements, which communicate solely as of the date of this press launch. The corporate’s precise outcomes may differ materially from these anticipated in these forward-looking statements because of quite a lot of elements, together with these mentioned within the firm’s periodic studies which can be filed with the Securities and Alternate Fee and obtainable on its web site at http://www.sec.gov. All forward-looking statements attributable to the corporate or individuals performing on its behalf are expressly certified of their entirety by these elements. Apart from as required beneath the securities legal guidelines, the corporate doesn’t assume an obligation to replace these forward-looking statements.

SOURCE Bit Digital, Inc.

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