ABITS GROUP INC. (ABTS) Acquires Additional 400 Units of Antminer T21
Rhea-AI Summary
Abits Group (NASDAQ: ABTS) has signed agreements with Bitmain to acquire 400 additional Antminer T21 units for delivery by early December. This strategic move follows the return of 500 S19 XP units. The purchase will expand their Tennessee mining fleet to 2,375 units, including 1,370 Antminer S19 XP Hydro, 305 Antminer S19J Pro, and 700 Antminer T21 units. The T21 miners, featuring 190 TH/s hash rate and 19J/T power efficiency, will increase total hash power by 76 PH/s to over 500 PH/s.
Positive
- Addition of 400 new T21 miners will increase total hash power by 76 PH/s to over 500 PH/s
- Strategic upgrade to more advanced T21 miners with better efficiency (19J/T)
- New machines include one-year manufacturer warranty
Negative
- Return of 500 S19 XP units indicates potential equipment issues or strategic miscalculation
News Market Reaction
On the day this news was published, ABTS gained 5.24%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Hong Kong, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc. (NASDAQ: ABTS), a U.S.-based digital data center operator specializing in Bitcoin self-mining operations, today announced it has signed agreements with Bitmain to purchase an additional 400 units of Antminer T21 for delivery by early December. Following the return of previously announced 500 units of S19 XP, the company has strategically shifted to the more advanced T21 miners. This purchase will increase the total mining fleet at its Tennessee site to 2,375 units, comprising:
- 1,370 units of Antminer S19 XP Hydro (featuring hydro-cooling technology)
- 305 units of Antminer S19J Pro
- 700 units of Antminer T21
The T21 delivers a hash rate of 190 TH/s per unit with power efficiency of 19J/T. These new machines come with a one-year manufacturer warranty. The additional 400 units will boost the total hash power by approximately 76 PH/s to over 500 PH/s.
About Abits Group Inc.
Abits Group Inc. (NASDAQ: ABTS) is a U.S.-based digital data center operator specializing in Bitcoin self-mining operations. For more information, please visit www.abitsgroup.com or contact ir@abitgrp.com.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
FAQ
How many mining units will ABTS have after the new Antminer T21 acquisition?
What is the hash rate of the new Antminer T21 units purchased by ABTS?
How much will ABTS's total hash power increase with the new T21 miners?
What types of miners comprise ABTS's mining fleet in Tennessee?
