Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivani Kumaresan

Bit Origin Inks LOI For Lease Of 1,000 Mining Spots

Mining Nasdaq Indiana Marion
  • Bit Origin Ltd (NASDAQ:BTOG) has entered into a Letter of Intent (LOI) with Your Choice 4 CA Inc (YCI), a U.S.-based data center operator, to lease 1,000 mining spots.
  • The mining spot will have three Megawatts (MW) of mining power and will be located in Marion, Indiana.
  • The company expects the lease agreement to increase its productivity by about 12.66 BTCs per month when all miners are deployed in mid-June 2022.
  • YCI has agreed to provide Bit Origin with 1,000 hosting spots, providing about 100 PH/s at full capacity. 
  • Price Action: BTOG shares are trading lower by 1.61% at $0.47 on the last check Monday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Here's Why Tom Holland Googles His Girlfriend Zendaya
"It’s more of a bit of an anxiety thing."
Marie Claire
Marie Claire
Woman of the Hour is the scariest movie I've seen in 2024 so far and it's not even a horror
Netflix's Woman of the Hour is a movie I won't forget for a very long time.
TechRadar
TechRadar
“Herbie Flowers was supposed to do the date, but he couldn't make it. So Bowie said to me, ‘You'll have to play bass’”: Trevor Bolder speaks out on his storied history with David Bowie
How could anyone who played bass on Ziggy Stardust not be a rock legend?
Guitar World
Guitar World
How to make a kitchen look organized, even when it's not – 5 quick tricks to create the illusion of order
If you don’t have time to fully declutter and organize, these quick patch-job tricks could be perfect
Homes & Gardens
Homes & Gardens
Tom Holland says ‘anxiety’ is reason he Googles his girlfriend Zendaya
Actors have been dating each other since 2021
The Independent UK
The Independent UK
‘I am the industry!’: Keke Palmer on being Hollywood’s queen of content
Singer, gameshow host, podcaster – the actor has built a reputation for doing it all. And with an autobiography/self-help guide coming soon, she’s out to prove there’s nothing wrong with being a jack of all trades
The Guardian - UK
The Guardian - UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play