Fortress Technologies Buys 4,500 Bitcoin Mining Machines From Bitmain

Bitcoin mining company Fortress Technologies has ordered 4,500 Bitmain Antminer S19j Pro machines as it seeks to capture a greater share of mining revenue.

The purchase will more than triple Fortress’ hashrate from 195 petahash per second to 645 PH/s, the company announced Monday. A petahash is a measure of computational power.The machines are scheduled for delivery in monthly instalments from April to September 2022.Financial terms weren’t disclosed, and Fortress didn’t immediately respond to CoinDesk’s request for details.The purchase follows two weeks after Fortress bought 180 Whatsminers M30S machines, which are expected to be installed by the middle of this month.Fortress, which is listed on the Toronto Venture Exchange (TSX-V: FORT), underwent a shake-up of its leadership team in September following the departure of CEO Aydin Kilic, who joined publicly traded crypto mining firm Hive Blockchain as president and chief operations officer.At the time, Fortress named Antonin Scalia CEO and Drew Armstrong chief operating officer. Both executives came from Galaxy Digital.

Read more: Hive Blockchain Orders Another 6,500 Bitcoin Mining Machines From Canaan

Read more: UAE-Based Phoenix Technology Consultants Places Order for $650M Worth of Crypto Mining Rigs

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Generated by Feedzy