It is reported that Binance announced the launch of a new batch of BTC cloud hash mining products, which are now open for subscription. The mining time of this batch of cloud hash mining products is expected to start at 12:00 on December 4, 2022. Prior to the news, Binance Mining Pool on October 14 announced the launch of $500 million miner loan project, November 22 launched its cloud mining services. According to the report, Binance buys hash rates from third parties, unlike Bitdeer and BitFuFu, which offer their own hash rates.