The first batch of six machines will be delivered, installed and operational by the end of July.
Mark Bedingham, president and CEO of SMI Vantage, says “We are pleased to announce that we have acquired new high hash rate machines which will be profitable even with the current bitcoin prices. In the current climate, we are confident that we can take advantage of suppressed machine prices to acquire more high hash rate machines over the next several months.”
Shares in SMI Vantage closed at 3.7 cents on July 19.
