Kore Digital Mining Ltd, a prominent UK-based Bitcoin mining entity, unveils plans to bolster its mining capabilities starting May 1st, 2024. This strategic move involves integrating an extra 14 PH/s mining capacity into its pre-existing infrastructure, a development anticipated to significantly enhance its operational prowess.
With an eye toward strengthening its foothold in the competitive Bitcoin mining landscape, Kore Digital Mining Ltd has inked a pivotal deal with a major player in the Bitcoin mining arena. This collaboration is set to augment Kore’s mining capacity by a whopping 14 PH/s, a move indicative of the company’s commitment to innovation and expansion.
Derek Nisbet, the esteemed Founder & CEO of Kore Digital Mining Ltd, expressed his enthusiasm regarding this groundbreaking development, stating, “We are pleased to work with a leading Bitcoin Miner in securing a large amount of mining capacity, for a 2-month trial period. We look forward to hopefully extending this period and engaging more with major mining corporations offering Bitcoin hashing opportunities, in the future.”
The addition of this substantial 14 PH/s Bitcoin mining capacity is poised to complement Kore’s existing infrastructure seamlessly. Presently operational with 2 PH/s, Kore Digital Mining Ltd is on track to amplify its capabilities further by integrating an additional 4 PH/s over the upcoming quarter. This cumulative effort is set to culminate in a robust 20 PH/s, underscoring Kore’s steadfast dedication to innovation and growth in the dynamic realm of Bitcoin mining.