Bitcoin mining company Northern Data Group's subsidiary Peak Mining has signed a $150 million mining machine purchase contract with Microbt

ChainCatcher news, according to official sources, Bitcoin mining company Peak Mining, a subsidiary of Northern Data Group, announced the signing of a contract worth $150 million with Bitcoin mining machine manufacturer Microbt. This agreement will equip Peak Mining with the latest liquid-cooled Bitcoin mining equipment with a capacity of 7EH/s, including models Whatsminer M53S+, M53S++, M50S+, and M50S++. Additionally, Peak Mining has the option to purchase an extra $150 million worth of hardware.

It is reported that the contract was signed in June this year, and the first batch of liquid-cooled mining machines is expected to be delivered in October 2023, to be installed at Peak Mining's 30MW facility located in North Dakota.