TSXV:CBIT - Post Discussion
Post by
Betteryear2 on Nov 22, 2021 7:40am
Purchase 600 Bitmain Antminer S19 XP Bitcoin Mining Machines
TORONTO--(BUSINESS WIRE)--Fortress Technologies Inc. (TSX-V: FORT) (the “Company” or “Fortress”), a Bitcoin company that develops and operates world-class bitcoin mining infrastructure, is pleased to announce the purchase of 600 Bitmain Antminer S19 XP (140 TH/s) bitcoin mining machines. At 21.5 J/TH, the S19 XP is the most efficient bitcoin mining machine on the market, requiring 27% less energy per unit of hash rate than Bitmain’s S19 Pro. The machines are expected to be delivered in equal monthly installments from July through December 2022.
The purchase adds 84 PH/s to the Company’s total contracted hash rate, increasing Fortress’s total contracted hash rate to 729 PH/s. Since the appointment of new leadership less than two months ago, Fortress has grown its active and contracted hash rate by 126% and 311%, respectively.
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