JTS Signs Contract to Purchase 1,200 Mining Machines from Bitmain
JTS signed contract to purchase 1,200 mining machines from Bitmain, with aims to increase its Bitcoin mining capacity to meet the target for next year
Jasmine Telecom Systems Public Company Limited (JTS) aims to increase its Bitcoin mining capacity to meet the target for next year. On August 26, 2021, Mr.Dusit Srisangaoran, President of JTS, signed a contract to purchase the first batch of 1,200 units of Antminer S19J Pro mining machines from Bitmain Technology Ltd. (Bitmain), which is considered the start to an official commercial relationship with Bitmain.
Bitmain is the largest manufacturer and designer of Bitcoin Miners and application-specific integrated circuit (ASIC) chips for bitcoin mining with the largest market share in the market.
This purchase will increase the company’s hash rate by 120 Petahashes per second (PH/s). The miners will gradually be delivered and installed early next year which is in line with the previously announced plans to expand and enhance its mining capacity.
This new order will achieve 28% of its goal to raise the company’s mining capacity, and it will enable the company to achieve its target of increasing the number of bitcoin miners to 5,000 by 2022. When fully installed and operational, JTS will be the center of the Bitcoin mining industry and have the largest mining capacity in Thailand
As for its business and investment plans, JTS aims to expand its mining capacity to 50,000 machines before the next Bitcoin Halving, which is expected to happen sometime in 2024. With this capacity JTS will not only be one of the largest Bitcoin miner in Thailand, but it will also be the center of the largest Bitcoin Mining Farm in Southeast Asia.
