Bit Digital Plans to Place Mining Power in Iceland
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In reaction to US regulatory pressure, Nasdaq-listed Bitcoin mining company Bit Digital has acquired 2,500 mining devices for $5 million for its new data center in Iceland, has stated its Chief Executive Officer Samir Tabar in an interview with The Wall Street Journal.
This shipping to the overseas facility, Tabar continued, comes in response to President Joe Biden’s proposed 30% electricity tax on miners.
Approximately one-fifth of the company’s capacity is located in countries other than the US, including Canada and Iceland.
He has added:
“In the past, we have shipped miners to the United States, but due to current instability, we must now consider other jurisdictions instead. We must take this seriously.”
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