Bitcoin miners worth more than $150M have just been bought by two firms

posted about 1 month ago
Bitcoin mining machines continue to be in demand by institutions. Two more firms — The9 Limited and Blockcap — have now purchased a total of 36,000 bitcoin miners worth more than $150 million from Bitmain.

Specifically, The9 Limited, a Nasdaq-listed Chinese gaming company, is buying 24,000 Antminer S19j machines via its unit NBTC Limited. The total cost is estimated at around $120 million. One unit of S19j, Bitmain's latest model of bitcoin miner, is priced at about $5,000.
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