4NEW Teams up With Evolution Global for 4,400 Peta Hash of Bitcoin Mining

/ -- 4NEW Ltd has signed a contract with Evolution Global AS, a provider of a new innovative Bitcoin mining solution, to site their mining rigs at low cost energy production sites globally. The Evolution Global mining rigs are expected to have a 75% energy saving compared to other mining rig providers, which will lead to a much lower cost of Bitcoin production.

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On signing the deal Varun Datta, founder and director of 4NEW Ltd, stated, "We are extremely happy to have managed to close this deal which represents and upholds the values of 4NEW and integrates extremely well in his vision of a lower cost of energy to produce Bitcoin. The deal will allow 4NEW to position itself as a truly eco-friendly producer of bitcoin."
Erik Solberg, CEO of Evolution Global AS, has stated, "This deal makes it possible for us to faster scale up. We look forward to work together with 4NEW when delivering the world a much more energy efficient and environmental friendly way of mining cryptocurrency."
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