AKRON,
Ohio, May 1, 2023
/PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the
Company," "we," "us," or "our company"), a leading
technology-driven cryptocurrency mining company, today
announced the launch of the latest generation of its popular
Dogecoin ("DOGE") / Litecoin
("LTC") mining machine, model LD4 ("LD4"). The LD series of ASIC
mining machines developed by BTCM are specifically designed for
mining on the DOGE and LTC blockchains with peak
hashrate and energy efficiency. LD4's extensive testing and trials
provided important feedback that have paved the way to its superior
hardware. LD4 is the third ASIC mining machine developed by the
Company since its acquisition of mining hardware manufacturer Bee
Computing in 2022.
LD4's new record in power efficiency of 0.71 W/MH represents an
improvement over 0.73 W/MH for model LD3. By harnessing recent
advancements in technology, LD4's peak output can reach 5GH/s, far
higher than the 4800 MH/s achieved by
LD3. This breakthrough in mining efficiency makes LD4 the
best machine available on the market for both Litecoin
and Dogecoin. LD4's reliable design features excellent
heat dissipation, which enables its computing chip to frequently
work at lower temperatures during long-term, consistent operations,
and in turn extends LD4's lifecycle. The security features of LD4
have been further enhanced and refined over the previous
generation. Every LD4 is built with not only hardware-level
security protection but also high-level security software
incorporating the latest Common Vulnerabilities & Exposures
(CVE) vulnerability patches to guard against known weaknesses.
LD4 has an aluminum Printed Circuit Board ("PCB") and a
single airflow channel mining machine design, which has
demonstrated significant advantages in various aspects over LD3.
LD3 used an FR4 Copper Clad Laminate ("FR4") PCB and a dual airflow
channel mining machine design.
Aluminum PCBs tend to have excellent thermal conductivity,
lightweight construction, reduced production costs, and
environmentally friendly features. For high-power electronic
devices that generate substantial heat, aluminum PCBs help maintain
optimal operating temperatures and avoid overheating. Moreover,
their higher mechanical strength and rigidity make aluminum PCBs
more durable, thus extending device lifespans.
The single airflow channel mining machine design excels in
structural compactness, ease of installation and maintenance,
thermal performance, as well as cost-effectiveness compared to the
dual airflow channel design. The single airflow channel design
facilitates the deployment of more mining machines within limited
spaces as well as simplifies assembly and maintenance processes,
ultimately reducing operational costs. The single airflow channel
still ensures the device operates at optimal temperatures.
Considering the numerous advantages of aluminum PCBs and its
single airflow channel mining machine design, LD4 represents a
significant step forward from LD3, whether in terms of durability,
portability, cost-effectiveness or environmental friendliness. LD4
thereby allows for further optimization and greater efficiency in
mining operations. BTCM is one of a few companies globally that
have successfully implemented high-performance mining machine
designs with single airflow channels and aluminum PCBs,
highlighting the Company's leading technical position in its
industry.
"With each new model of mining machine that BTCM develops, we
further calibrate our expertise, gaining additional experience with
manufacturing products that help contribute to essential blockchain
networks. The sophistication of our new model LD4 mining machine is
currently unmatched in our industry. As one of the world's top
cryptocurrency mining machine brands, we remain
committed to continuing to develop new mining machines with the
latest technology and promoting improved efficiency across the
industry," said Mr. Xianfeng Yang,
CEO of BIT Mining.
About BIT Mining Limited
BIT Mining (NYSE: BTCM) is a leading technology-driven
cryptocurrency mining company, with a long-term
strategy to create value across the cryptocurrency
industry. Its business covers cryptocurrency mining,
mining pool, data center operation and mining machine
manufacturing. The Company owns the world's top blockchain browser
BTC.com and the comprehensive mining pool business operated under
BTC.com, providing multi-currency mining services including BTC,
ETC and LTC. The Company also owns a 7-nanometer
cryptocurrency mining machine manufacturer, Bee
Computing, enabling the Company's self-efficiency through vertical
integration with its supply chain.
Safe Harbor Statements
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will", "expects", "anticipates",
"future", "intends", "plans", "believes", "estimates", "target",
"going forward", "outlook" and similar statements. Such statements
are based upon management's current expectations and current market
and operating conditions and relate to events that involve known or
unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond the Company's
control, which may cause the Company's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under law.
For more information:
BIT Mining Limited
ir@btcm.group
ir.btcm.group
www.btcm.group
Piacente Financial Communications
Brandi Piacente
Tel: +1 (212) 481-2050
Email: BITMining@thepiacentegroup.com
View original
content:https://www.prnewswire.com/news-releases/bit-mining-limited-announces-the-next-generation-of-litecoindogecoin-mining-ld4-301811687.html
SOURCE BIT Mining Limited