TeraWulf Orders 30,000 Bitmain Rigs, Eyeing Top-Ten Hash Rate Spot
Bitcoin mining company TeraWulf has ordered 30,000 Antminers from Bitmain as it seeks to increase its hash rate to top-ten levels.The world’s leading producer of bitcoin mining hardware, Bitmain, announced today a signed purchase order of 30,000 units of its latest-generation Antminer S19j Pro mining rigs from bitcoin mining company TeraWulf.“This agreement with Bitmain is the next step in TeraWulf’s plan to rapidly and efficiently scale our operations, which is based on a proven model for success,” Paul Prager, the chairman and CEO of TeraWulf, said in the announcement. “With Bitmain’s....
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The company was recently listed on the Nasdaq in a reverse merge with IKONICS.
The company’s bid to become the largest Bitcoin miner in the United States could be achieved by 2022. Marathon Digital has announced the purchase of additional Bitcoin mining hardware from Bitmain.According to a release issued on Monday, the United States-based Bitcoin (BTC) mining giant has completed a purchase deal for 30,000 Antminer S19j Pro at a reported cost of $120.7 million.The news marks a continued increase of Marathon’s Bitcoin mining inventory, with Bitmain expected to complete the delivery of the new rigs by June 2022.With the 30,000 rigs in tow, Marathon’s total Bitcoin miner....
The bitcoin hash rate currently nears 3 exahashes, representing an all-time high for the processing power of the Bitcoin network. The escalating hash rate concurs with continuing social media reports that Beijing-based Bitmain Technologies Limited, a company which supplies bitcoin mining equipment, suffers consistent supply shortages due to high demand.....
China's bitcoin mining crackdown has led to Bitmain halting mining rig sales, exodus of miners and decline in the hash rate.
Could Bitmain be driving the latest spikes of hashing growth with Antminer S3s? With the imminent release of the much anticipated Antminer S3, Bitmain has pushed out 4.8 ph/s to their private AntPool. Officially they are saying that S2's and some large private customers are driving up the hash rate in the pool there are many who are speculating that it is the initial testing of the S3s as well. All told, with the amount of Antminer S1 and S2 sales Bitmain units sold in the past months, Bitmain is estimated to be powering 20% of the total network. Recently Bitmain announced the upcoming....