Bitmain Installs 200,000 Crypto Mining Machines in China - coinvestment

Crypto currency mining company Bitmain is reportedly planning to install 200,000 units of mining equipment in China to benefit from low-cost hydroelectric power plants in the country. Crypto media outlets reported on March 21.

A source from China related to this news told Coindesk that Bitmain will install 200,000 units of their mining machines to take advantage of the low cost of hydroelectric power during the summer after excessive rain in southwest China. This mining machine is estimated to cost around $ 80 as well as $ 100 million.

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