- Fortress (FORT) is making considerable progress with its Bitcoin mining venture alongside Great American Mining
- The companies’ operating hashrate is now 52 PH/s for the first four containers in the field, which yields 13.7 Bitcoin per month
- The remaining eight containers will generate 106 PH/s once they begin hashing in September 2021
- All 12 containers will have 158 PH/s of Bitcoin mining capacity
- Fortress Technologies is focused on projects with ESG potential where access to growth capital is highly valued
- Fortress (FORT) is up by 2.7 per cent and is currently trading at $0.38 per share
Fortress (FORT) is making considerable progress with its Bitcoin mining venture alongside Great American Mining.
The companies are mining for Bitcoin by converting vented/flared natural gas into electricity, a growing solution to the cryptocurrency’s elevated energy requirements.
The companies’ operating hashrate is now 52 PH/s for the first four containers in the field, which yields 13.7 Bitcoin per month based on current difficulty levels.
The last three containers, housing 540 Micro BT M31SE ASIC miners, were commissioned over the weekend in North Dakota. These containers are hashing at 41 PH/s, which will produce 10.6 Bitcoin per month at current difficulty levels.
Fortress recently purchased 1,440 MicroBT M31S ASIC miners for the remaining eight containers with Great American, which will complete the companies’ original Statement of Work. These containers will generate 106 PH/s once they begin hashing in September 2021.
All 12 containers will have 158 PH/s of Bitcoin mining capacity.
Fortress has 20 PH/s from its existing data center operations generating approximately five Bitcoin per month.
Fortress Technologies is focused on projects with ESG potential where access to growth capital is highly valued.
Fortress (FORT) is up by 2.7 per cent and is currently trading at $0.38 per share as of 12:23 pm ET.