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Crypto sector stocks rose in premarket trading,BTCM shares jumped more than 30%,BITF surged more than 20%.

Tiger Newspress2021-08-09

Crypto sector stocks rose in premarket trading,BTCM shares jumped more than 30%,BITF surged more than 20%.

Investors in stock trading platforms are citing the momentum in cryptocurrencies as being the driving force for the stock price increase. The price of the Bitcoin cryptocurrency is up more than 9% over the past week. And Ethereum is up more than 12% over the past week.

Late last month, BIT Mining announced it entered into a definitive purchase agreement to buy 2,500 new bitcoin mining machines for a total consideration of approximately US$6.6 million. And when deployed, the company expects the Acquired Machines to increase its theoretical maximum total hash rate capacity by about 165 peta hashes per second (PH/s).

The acquired machines are expected to be delivered within one week from today. And following delivery, the company plans for them to be shipped to Kazakhstan for deployment.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment42

  • GekChye
    ·2021-08-11
    Up up ad away to the Moon!!! 
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  • Akyl
    ·2021-08-10
    Awesome 
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  • Markalice88
    ·2021-08-09
    Rose rose 
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    • SR050321
      Wow
      2021-08-10
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  • Markalice88
    ·2021-08-09
    Rose
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  • Leocheng
    ·2021-08-09
    Gd 
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  • tanks09
    ·2021-08-09
    BTC to the moon
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  • diggydog
    ·2021-08-09
    Stonks : ?
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    • frusty
      wow
      2021-08-09
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  • Elak
    ·2021-08-09
    ??
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  • chunkiat14
    ·2021-08-09
    Wow
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  • JLX
    ·2021-08-09
    Like pls
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    • Jaminwu
      wow
      2021-08-09
      Reply
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  • RuyiOng
    ·2021-08-09
    Ok
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    • JLX
      Ok
      2021-08-09
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  • SeekDefeat
    ·2021-08-09
    Like pls tyvm
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    • RuyiOng
      ok
      2021-08-09
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  • PhilipGoh
    ·2021-08-09
    ????
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  • andrew123
    ·2021-08-09
    Btc to the moon
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  • Kikiooi
    ·2021-08-09
    Cool 
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  • HENRYCSC
    ·2021-08-09
    Good 
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  • DTran
    ·2021-08-09
    Like pls
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    • 627ac981
      Ok
      2021-08-09
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  • FantasyX
    ·2021-08-09
    Nice
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    • DTran
      Awesome
      2021-08-09
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  • the_ed
    ·2021-08-09
    Ok
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    • Dttk
      ok
      2021-08-09
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  • the_ed
    ·2021-08-09
    Ok
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    • FantasyX
      mice
      2021-08-09
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