{"id":43075,"date":"2021-05-24T17:59:31","date_gmt":"2021-05-24T14:59:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43075"},"modified":"2025-08-31T02:01:05","modified_gmt":"2025-08-30T23:01:05","slug":"bit-mining-limited-to-invest-over-9-million-in-mining-centre-in-kazakhstan","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bit-mining-limited-to-invest-over-9-million-in-mining-centre-in-kazakhstan\/","title":{"rendered":"BIT Mining Limited to Invest Over $9 Million in Mining Centre in Kazakhstan"},"content":{"rendered":"<p>BIT Mining Limited, the New York Stock Exchange-listed mining company, along with Kazakh partners, is investing in a cryptocurrency mining data centre in Kazakhstan.<\/p>\n<p>According to a <a href=\"https:\/\/www.prnewswire.com\/news-releases\/bit-mining-limited-to-invest-in-cryptocurrency-mining-in-kazakhstan-301297680.html\" target=\"_blank\" rel=\"noreferrer noopener\">\u043f\u0440\u0435\u0441\u0441-\u0440\u0435\u043b\u0438\u0437\u0435<\/a>, BIT Mining Limited will invest 60 million yuan (about $9.3 million) in the construction and operation of the data centre. It is expected to have a capacity of 100 MW.<\/p>\n<p>BIT Mining Limited also signed equipment-servicing agreements with local companies.<\/p>\n<p>From 1 July 2021, BIT Mining Limited will have access to 20 MW of the new data centre&#8217;s capacity, ultimately up to 60 MW.<\/p>\n<p>BIT Mining Limited was formerly known as 500.com Limited. In January 2021 the company <a href=\"https:\/\/u1f987.com\/en\/news\/chinese-online-lottery-provider-500-com-to-buy-bitcoin-miners-for-14-4-million\">announced the purchase of cryptocurrency mining devices for $14.4 million<\/a>, then it <a href=\"https:\/\/u1f987.com\/en\/news\/jihan-wu-sells-btc-com-mining-pool-to-500-com\">acquired the BTC.com mining pool<\/a> and signed agreements for <a href=\"https:\/\/u1f987.com\/en\/news\/500-com-to-buy-bitcoin-miners-for-8-5-million\">the purchase of additional equipment<\/a>.<\/p>\n<p>In March 500.com <a href=\"https:\/\/u1f987.com\/en\/news\/500-com-to-rename-itself-bit-mining-limited\">announced<\/a> a name change, and in May it announced a $25.7 million investment in the construction of a cryptocurrency mining centre with a capacity of 57.2 MW in Texas.<\/p>\n<p>In 2020, the Kazakh government reached preliminary agreements to attract <a href=\"https:\/\/u1f987.com\/en\/news\/kazakhstan-discussed-700-million-in-cryptocurrency-mining-investments\">investments of 300 billion tenge<\/a> (over $700 million) in the mining sector.<\/p>\n<p>According to President Kassym-Jomart Tokayev, Kazakhstan accounts for about 6% of global mining. This is corroborated by data from the Cambridge Centre for Alternative Finance.<\/p>\n<p>Read more about how cryptocurrencies and their mining are regulated in Kazakhstan in ForkLog&#8217;s exclusive.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our Telegram \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BIT Mining Limited, the New York Stock Exchange-listed mining company, together with Kazakh partners, is investing in a cryptocurrency mining data centre in Kazakhstan.<\/p>\n","protected":false},"author":1,"featured_media":43076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1713,1137,153],"class_list":["post-43075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bit-mining-limited","tag-cryptocurrency-mining","tag-kazakhstan"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=43075"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43075\/revisions"}],"predecessor-version":[{"id":43077,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43075\/revisions\/43077"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/43076"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=43075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=43075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=43075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}