AKRON,
Ohio, Jan. 17, 2023 /PRNewswire/ -- BIT
Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we,"
"us," or "our company"), a leading technology-driven
cryptocurrency mining company, today announced the
launch of their state-of-the-art Litecoin ("LTC") /
Dogecoin ("DOGE") mining machine,
model LD3 ("LD3"), which was specifically designed for mining on
the DOGE and LTC blockchains.
The power efficiency of 0.73 W/MH and 4800 MH/s delivery make
the LD3 machine more profitable than its predecessors in terms of
efficient energy consumption. As a result, it is one of a few
cutting-edge products available that deliver a highly
cost-effective performance while offering the shortest payback
period for LTC/DOGE mining.
The machines are designed for reliability, with the LD3s leaving
more than a 10% performance margin for computing power chips rather
than driving the machine to work under extreme conditions. This
practice not only effectively prolongs the need to service the
machine but also enables LD3s to work more consistently, resulting
in reduced maintenance costs.
Furthermore, the design of LD3 provides more security guarantees
for LTC/Doge miners. LD3 machine implements
software-level security mechanisms with the latest common
vulnerabilities & exposure patches. In addition, hardware-level
protections for security are also implemented.
Currently, over 5,000 of the new LD3 miners have been produced
for both Bit Mining's internal use and sale to the public. LD3 is
the second ASIC miner developed by the Company since the completion
of its acquisition of mining hardware manufacturer, Bee Computing,
in 2022. The first ASIC Ethereum Classic ("ETC")
mining machine was successfully released in August 2022.
"The unveiling of the LD3 mining equipment marks a significant
advancement for BIT Mining Limited as this next generation of
LTC/DOGE miners will push the industry ahead with
currently unmatched technical specs. The LD3's release is also
well-timed with the upcoming LTC halving event in August, allowing
us to make a strategic pivot to other growing blockchain
technologies. This development also validates our corporate
strategy to be hard core technology-driven." said Mr. Xianfeng Yang, CEO of BIT Mining.
For information on how to purchase an LD3, visit the 'Our
Business' section of our website (https://btcm.group).
About BIT Mining Limited
BIT Mining (NYSE: BTCM) is a leading technology-driven
cryptocurrency mining company, with a long-term
strategy to create value across the cryptocurrency
industry. Its business covers cryptocurrency mining,
mining pool, data center operation and miner manufacturing. The
Company owns the world's top blockchain browser BTC.com and the
comprehensive mining pool business operated under BTC.com,
providing multi-currency mining services including BTC,
ETH and LTC. The Company also owns a 7-nanometer
cryptocurrency mining machine manufacturer, Bee
Computing, enabling the Company's self-efficiency through vertical
integration with its supply chain.
Safe Harbor Statements
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will", "expects", "anticipates",
"future", "intends", "plans", "believes", "estimates", "target",
"going forward", "outlook" and similar statements. Such statements
are based upon management's current expectations and current market
and operating conditions and relate to events that involve known or
unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond the Company's
control, which may cause the Company's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under law.
For more information:
BIT Mining Limited
ir@btcm.group
ir.btcm.group
www.btcm.group
The Piacente Group, Inc.
Brandi Piacente
Tel: +1 (212) 481-2050
Email: BITMining@thepiacentegroup.com
View original
content:https://www.prnewswire.com/news-releases/bit-mining-launches-new-energy-efficient-litecoindogecoin-miner-ld3-301723150.html
SOURCE BIT Mining Limited