Bitmain to Bring 56K of Its Bitcoin Miners to Georgia
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Bitmain to Bring 56K of Its Bitcoin Miners to Georgia

  • Bitmain will send 56K of its latest bitcoin miners to Georgia.
  • Deploying them will cost around $62 million.
  • The Antminers will generate a monthly income of $10 million if it starts working at its full capacity.

Hardware mining firm Bitmain would be sending 56,000 of its latest Antminers to the southeastern US state of Georgia. The coming of the mining machines represents a direct agreement between Bitmain, ISW Holdings, and Bit5ive.

To clarify, Antminers are simply Bitcoin mining hardware. As per ISW Holdings, the placement of the Antminers would cost around $62 million when the time is due. However, once they start working at full capacity, the Antminers are expected to bring an of income $10 million per month.

ISW Holdings has already allocated an amount of $6 million ahead of the upcoming purchase. In addition, by using Bit5ive infrastructure,