OVERVIEW
2024
Hong Kong, October 30, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc. (NASDAQ: ABTS), a leading data center operator specializing in Bitcoin mining operations in the United States, today announced its operational updates for the third quarter of 2024.
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2024
Abits Group Inc is thrilled to announce the appointment of Christopher Silva as Vice President of HR and Business Development, effective May 1, 2024.
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2024
Mining output in this quarter was 24.09 bitcoins.The Company intends to build a new 22MW site, with options to expand to 35MW.
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2024
Abits Group completed vital infrastructure projects in 2024 Q1, including expanding a 1 MW facility in March and constructing a 100,000-gallon water reservoir to enhance production stability.
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2023
On October 1st, the first fleet of hydro miners was activated, marking the beginning of an exciting new chapter for ABTS. With a power consumption of only 20.8J hydro machine and relatively reasonable electricity costs, the Company anticipates
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2023
Construction was completed in August 2023, and the first new equipment units arrived at the self-mining center.
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2023
The group was constructing a mining center in its acquired land in Duff, near the city of LaFollette in the State of Tennessee in the United States, which was purchased in April 2023 for $1.2 million.
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2022
The group purchased the 1140 units of Hydro S19XP (20.8J/T) super computing server at the end of 2022.The latest Bition fleet presents an estimated Maximum hash rate of 285,000 TH/s.
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HIGHLIGHTS
 The next-generation data center
The operating miner in data center
Hydro S19XP (20.8J/T) supercomputing servers
Hydro S19XP (20.8J/T) supercomputing servers
Leadership team
 CONGLIN DENG
MR.Deng has served as a director of the Company since August 9, 2021 by resolution of the Board of Directors. He became Chief Executive Officer of the Company by a resolution of the Board of Directors in September 2021. Mr. Deng has served as the General
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TAN WANHONG
Mr. Tan Wanhong, age 59, started his career with KPMG Kuala Lumpur in 1980 and was subsequently promoted to Resident Manager of the Penang Office. In 1983, Mr. Tan joined Island & Peninsular, a property group listed on the Stock Exchange of Kuala L
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PHILIP J.HICKS
Philip J. Hicks with 20+ years of experience in building and managing $100M+. From June 2021 to November 2022 he served as Director of Operations and Director of Projects at Griid Infrastructure, LLC, US. He built several Data Centers in the North Americ
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