Crypto mining business firm Chip Mining, which recently announced information technology would exist expanding out of the Chinese marketplace, plans to purchase 2,500 Bitcoin miners for deployment in Kazakhstan.

In a Wednesday announcement, BIT Mining said information technology had entered a $6.vi million agreement to buy 2,500 Bitcoin (BTC) mining rigs. The firm has already put 3,819 BTC miners into operation at data centers in Kazakhstan, with some other 4,033 machines on the manner. One time all are deployed, the addition of the recent mining purchase is expected to increase BIT Mining's hash rate capacity to roughly 458 petahashes per 2d.

Though based in the metropolis of Shenzhen, Fleck Mining has said it plans to expand its operations outside of China in response to the recent regime crackdown on mining. Many Chinese firms accept reportedly faced shutdowns following the Land Council'southward Financial Stability and Development Committee announcement, curtailing BTC mining amid financial risk concerns.

Related: Crypto miner claims all major Yunnan operations shut down in advance of CCP anniversary

Some mining firms including Bit Mining accept been eyeing other countries to acquit operations as the regulatory environment in Red china becomes seemingly less favorable. BTC maximalist and Ballet CEO Bobby Lee recently told Cointelegraph the crackdown could be an indication that the authorities is testing the waters for a larger crypto ban. Crypto firms may be picking up on this regulatory backlash every bit well — OKEx and Huobi both plan to deliquesce Chinese-based business entities.

While some of the miners driven out of People's republic of china may be turning to Texas for solutions, lawmakers in Kazakhstan seem to be making themselves more bonny to crypto firms by allowing local banks to open accounts for cryptocurrency transactions. Major mining firm Canaan announced concluding month that it had begun mining BTC in Kazakhstan. Despite this, or mayhap because of the scramble to plant new operations, the land has said it plans to impose higher taxes on miners starting in January.