Bit Origin Ltd Secures $6.74 Million Investment to Build a New Crypto Mining Data Center in the U.S.
The investment will be allocated for the construction of a brand new 25 MW crypto mining data center in Cheyenne, Wyoming.
- The investment will be allocated for the construction of a brand new 25 MW crypto mining data center in Cheyenne, Wyoming.
- The management anticipates the data center's completion in early Q2 2024, providing the capacity to accommodate approximately 4,480 to 8,400 bitcoin miners.
- The new cypto mining center foresees substantial revenue and cash flow generation for Bit Origin, starting in the latter half of 2024.
- The initial commitment of $6.74 million (prior to fees and offering expenses) will fund the construction of a brand-new 25MW cryptocurrency mining data center, named as Auspice (referred to as "the Project" or "Project Auspice").