Bitcoin Shop Inc. announced that the company secured a 83,000 square foot facility, about 1.4 times the size of a regulations NFL football field, to expand its mining operations. The company also purchased from Spondoolies Tech Ltd., 100 S35 miners totaling 550 TH/s of hashing power, a 161% increase in its mining capacity, and anticipates having the newly purchased equipment online in two to four weeks, which would bring BTCS's total mining hash rate to 891 TH/s. Additionally, the operating costs (inclusive of power) at the new facility should be approximately 30% lower than current facility. With minimal improvements, the new facility is anticipated to handle over 10 megawatts (mw) of power and can potentially house up to 40,000 TH/s of mining hardware.
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