Fortress Purchases 4,500 Bitcoin Mining Machines From Bitmain

Bitcoin mining firm Fortress Technologies has ordered 4,500 Bitmain Antminer S19j Pro machines as it seeks capture a greater share of mining revenue.

  • The purchase will more than triple Fortress’ hash rate from 195 petahash per second to 645 PH/s, the firm announced Monday.
  • The machines are scheduled for delivery in monthly instalments from April to September 2022.
  • Financial terms were not disclosed. Fortress did not immediately respond to CoinDesk’s request for details.
  • The purchase follows two weeks after that of 180 Whatsminers M30S machines, which are expected to be installed by the middle of this month.
  • The Toronto Venture Exchange-listed Fortress (TSX-V: FORT) underwent a shake-up of its leadership team in September following the departure of CEO Aydin Kilic, who joined publicly traded crypto mining firm Hive Blockchain as president and COO.
  • Antonin Scalia and Drew Armstrong joined Fortress from Galaxy Digital as CEO and COO respectively.

Read more: Hive Blockchain Orders Another 6,500 Bitcoin Mining Machines From Canaan

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