Blockstream Buys $25 Million Of Bitcoin Mining Hardware From MicroBT

Blockstream Buys $25 Million Of Bitcoin Mining Hardware From MicroBT

Bitcoin infrastructure company Blockstream has announced a $25 million purchase of the latest Whatsminer bitcoin mining rigs from MicroBT to be run across Blockstream Mining’s facilities in North America. Blockstream Mining was launched in 2019 with an intention of bringing more of the global hash rate to the West. The largest mining rig manufacturers and mining pools are headquartered in China, which some see as a dangerous geographic centralization of Bitcoin’s most critical industry. Today, Blockstream Mining offers colocation services for institutions interested in entering the space,....


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Blockstream Buys $25M Worth of Bitcoin Mining Machines From MicroBT

The ASICs are set to be deployed in Blockstream facilities through the U.S. and Canada.

Shenzhen-listed ICT Company Plans to Invest $155 Million in Microbt Bitcoin M...

A Shenzhen-listed information and communications technology (ICT) company ZJBC has plans to invest in the bitcoin mining sector according to a recent announcement. ZJBC says that it aims to spend up to $155 million on Microbt manufactured ASIC mining rigs. Chinese ICT Firm ZJBC to Invest $155 Million Into Microbt Hardware A well known firm listed in Shenzhen (SZSE) with $900 million in market capitalization, Zhongjia Bochuang (ZJBC) has partnered with Microbt, according to the company announcement published on March 9th, 2021. ZJBC is an ICT firm and it plans to spend $155 million with....

Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s ...

Following Bitmain’s product introduction of two new application-specific integrated circuit (ASIC) bitcoin mining rigs, the mining devices manufacturer Microbt has announced the launch of two new miners as well. Revealed during the Bitcoin 22 conference in Miami, Microbt showcased the company’s new Whatsminer M50 series, which offers hashrate speeds of up to 126 terahash per second (TH/s). Microbt Launches 2 New Next-Generation Bitcoin Mining Rigs Bitcoin miners are getting more advanced as the latest machines revealed by Bitmain and Microbt indicate that....

Chinese Mining Rig Manufacturer Microbt Announces Offshore ASIC Factory

On Friday, China-based bitcoin mining rig manufacturer Microbt announced plans to create an offshore facility that produces the company’s Whatsminer devices and parts for North America. The firm revealed the expansion news when it announced a recent partnership with the New York-based Foundry Digital LLC. Microbt’s Whatsminer mining rigs have become popular during the last few years and the company has been able to obtain a large portion of mining device sales. On September 25, the China-based firm announced a partnership with Foundry and detailed it contracted a Southeast....

Bitfarms set to acquire 48,000 new miners in 2022 despite chip shortage

Chinese supplier MicroBT will be providing the new hardware over the next two years. One of the largest publicly traded Bitcoin mining operations in the world, Bitfarms, has undertaken to purchase 48,000 new miners over the next two years.The Canadian mining company has sourced the equipment from Chinese supplier MicroBT in a bid to increase its hashing capacity by another 5 EH (exahashes) according to reports. Bitfarms was founded in 2017 and currently has a capacity of 1 EH. It has targeted a 200% increase by the end of 2021.The hashing capacity is the amount of pure computing horsepower....