Brief: Arcane Crypto Orders Its First Batch Of Bitcoin Miners

K33 AB (publ)

08/09/2021 06:18

Sept 8 (Reuters) - Arcane Crypto AB  ARCANE.ST :
    * ARCANE CRYPTO ORDERS ITS FIRST BATCH OF BITCOIN MINERS
    * MINERS ARE EXPECTED TO BECOME OPERATIONAL DURING Q3 THIS
YEAR.
    * HAS THROUGH UNIT ENTERED INTO PURCHASE AGREEMENT TO
ACQUIRE 352
ANTMINER S19 PRO (110 TH/S), REPRESENTING A TOTAL OF 38,720
TERRA HASH (TH) OF COMPUTING POWER
    * PURCHASE TOTAL COST OF ABOUT SEK 35 MILLION
    * "AT CURRENT MARKET CONDITIONS, MINERS WE HAVE ORDERED
WOULD
GENERATE AROUND SEK 3.5 MILLION IN MONTHLY REVENUE" - CEO

Source text for Eikon:  ID:nBQN1xqL95 
Further company coverage:  ARCANE.ST 

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