Chinese Firm Boosts Bitcoin Mining with 220 New Units

A company in China, now focused on bitcoin mining, recently added 220 more bitcoin mining machines. With this, they now have 2,174 devices working to solve Bitcoin puzzles. These new machines should start operating by the end of November.

The company, which used to be an English school, now has a new name that matches its bitcoin mining business. They swapped shares worth about $968,800 to get these new miners, which are perfect models called Bitmain Antminer S19j Pro. They made this trade with two other companies that they don’t own. These new machines can process Bitcoin transactions much faster, at over 230 petahashes per second.