Nasdaq-listed company Bit Digital has purchased 18,000 mining machines and deployed them in Xinjiang, Sichuan and other places in China

According to BlockBeats, on December 8, Nasdaq-listed mining company Bit Digital (BTBT) announced that it had purchased 17,996 ASIC mining machines (all Antminers or Shenma mining machines) for $13.9 million using an all-equity purchase method. The New York-based company has deployed its mining machines in Xinjiang, Sichuan, Inner Mongolia and other places in China, and it is expected that all installations will be completed by the end of December. The new mining machines will help the company increase its computing power by a total of more than 2,253.5 PH/s. BTBT issued 4,344,603 BTBT shares at a price of $3.20 per share to purchase these machines. Bit Digital's stock price has soared 1,800% so far this year, and the latest data shows that its stock price is about $6.42.