BIT Mining (BTCM), a technology infrastructure company focused on digital assets, has launched Solana Red’s first verification device, confirming its new corporate financial strategy to leave Bitcoin (BTC).
As the company reported on August 5th, Acquired 27,191 currencies, totaling $4.89 million And it operates an autonomous ballot driven by its own technical team. The company plans to lift up up to $300 million to gain more sun and continue to develop within its network.
The announcement comes weeks after Bitmining announced its decision to allocate some of its resources to build presence within the Solana ecosystem.
Unlike other strategies based solely on token accumulation, bitmining He started doing it Staking With their own funds Through a validator that works internally. The company said it plans to raise its operations and integrate the active position of the Solana Balidators set, with the aim of contributing to “decentralization and security of the network.”
Unlike Bitcoin (a mining activity linked to Bitcoin that requires large quantities of energy, specialized equipment and advanced physics centers), the Solana verification model is based on a mixed system of Participating Test (POS) and History Test (POH) rather than Proof of Work (POW).
The scheme does not require the maintenance of large amounts of ASICs on mining farms, but operates servers. online Computers block a certain amount of tokens as a guarantee. This means that starting verification on a network such as Solana is less logistically difficult.
Bo Yu, president and director of operations at Bit Mining, summarised the strategic changes in these terms.
“This launch is a fundamental step in developing a strategy in Solana. We are not simply maintaining the sun, we are boosting our network. This demonstrates our confidence in Solana’s potential and our commitment to developing critical infrastructure that supports its growth, safety and decentralization.”
Bo Yu, president and operation director of Bit Mining.
However, Bitmining continues to delegate resources to Bitcoin mining. This is the relevant part of your business. A new mining centre in Ethiopia, an emerging African country in the industry, is currently under development. This awaits the “quick” arrival of nearly 17,000 ASICs of BTC.
Furthermore, we maintain the operation of “.Hosting(Mining hardware accommodation and operation) Ohio is currently operating in the US state of Ohio. Another 30,000 ASIC to weaken Bitcoin It is destined for its own customers and operations. Beyond BTC, it is also dedicated to Dogecoin Mining (Doge), Litecoin (LTC) and Bells (BEL).
