Bitmine Immersion Technologies Inc. has announced a significant agreement with Luxor Technology Corporation. Under the newly signed Master Hashrate Purchase and Sale Agreement, Bitmine will acquire a daily hashrate of 90PH/s over a period of 176 days. The deal, valued at 8.1576 bitcoin, marks a strategic move for Bitmine to enhance its cryptocurrency mining capabilities. The company has already paid $706,833 to Luxor, reflecting the total bitcoin value minus 1.8126 bitcoin held as margin. This partnership underscores Bitmine's commitment to expanding its operational capacity in the competitive cryptocurrency sector.
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