Cryptocurrency-mining companies face many hurdles as they move their machines, prone to damage if shaken, out of China
Aug. 22, 2021 5:30 am ETearly this summer, Nasdaq-listed Bit Digital Inc. ramped up efforts to get its more than 20,000 computers out of the country.
Bit Digital and other cryptocurrency mining companies now face many hurdles as they move their machines out of a country that previously used two-thirds of the global energy dedicated to harvesting bitcoin. The machines are prone to damage if shaken, which makes packing and shipping them internationally an arduous task. A single new computer can cost about $12,000.
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