HIVE Blockchain Orders 1,800 More Bitcoin Miners
HIVE Blockchain Ordered 1,800 New Bitcoin Miners From Bitmain Technologies.Today publicly traded HIVE Blockchain announced that it has ordered 1,800 new bitcoin miners from Bitmain Technologies. The deal is the first to emerge from HIVE’s new partnership with Bitmain. The machines will be delivered in 2022 in 6 tranches of 300 miners each. The new S19j Pro miners have an aggregate hash power of 180 petahash per second. HIVE also announced its goal of reaching 1 exahash of Bitcoin mining power by the end of August.The announcement today comes just weeks after HIVE announced it had purchased....
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This new order from by HIVE follows the two recent purchases of 4,000 and 6,400 Canaan's Avalon miners units in August and January.
Canadian bitcoin miner Hive Blockchain has bought 6,400 next generation mining machines from Canaan. The Avalonminer 1246 miners will add a combined 576 petahash per second (PH/s) to Hive’s existing hash power. ● With the addition of the new machines, Hive’s total hash rate will increase to an estimated 1,229 PH/s, well beyond the company’s original cumulative hash rate target of 1,000 PH/s for 2021. ● In a statement this week, Hive said the equipment will be delivered in eight tranches in 2021, with 500 miners delivered in May and June, and 900 miners....
On October 29, the publicly listed firm Canaan announced the mining manufacturer has secured a follow-on purchase order from the mining operator Hive Blockchain for 6,500 units of Canaan’s next-generation Avalon mining rigs. Hive expects to increase the operation’s hashrate from 1.2 exahash per second (EH/s) to 3 EH/s by March 2022. Hive Secures an Order for 6,500 Avalon Miners This week the Nasdaq-listed Hive Blockchain (Nasdaq:HIVE) and Canaan (Nasdaq: CAN) announced that Hive secured a follow-on purchase order for 6,500 Avalon miners from Canaan. According to the....
Public Canadian mining firm HIVE Blockchain has announced an order of 4,000 Bitcoin mining machines.
The extreme microeconomic factors, rising inflation, and increased energy cost have impacted the profitability of Bitcoin miners. Amid the ongoing bear market, many Bitcoin miners find it difficult to stay afloat and maintain their operation costs. Moreover, the Bitcoin hash rate is surging, further increasing the pressure on miners. Most miners obtained high-interest loans, which they could not offset due to the current economic conditions. Related Reading: What Happens To Dogecoin If Twitter Fails To Implement Crypto Plans? According to a Bloomberg report, some mining firms like Core....