Companies giants buy equipment to increase their hashrate
Recently, HIVE announced the purchase of 4,000 units of equipment, and at the same time Marathon is purchasing 30,000 units of equipment.
HIVE orders Canaan 4,000 bitcoin miners
The world-famous cryptocurrency production network, HIVE Blockchain, ordered the Chinese manufacturer of equipment BTC Canaan, for the production of mining equipment, 4,000 units.
Canaan explained that the total processing power of 4,000 units of such equipment would be 270 petahashes per second, the miner brand and the total cost were not made public. It is assumed that all ordered equipment will be sent to the customer within the next 2 months. HIVE will receive 2 batches of equipment in September and October of 2,000 in each batch.
Today, according to HIVE reports, their total hashrate is about 900 petahesh per second. In September, the company should increase it to 1 exchesh per second, which is about $600 000 of the company’s daily revenue from operations from BTC and ETH production. If you calculate, then this is $ 200,000,000 annual profit.
HIVE said they intend not to stop, and will only increase the number of computers to increase profits.
HIVE is successfully located in Vancouver, and has computing volumes in Iceland, Canada and Sweden. The company recognized publicity in early 2017 and now holds its portfolios on the Toronto, Nasdaq and Frankfurt Cryptocurrency Exchanges.
Marathon Digital bought 30,000 Antiminer S19j Pro
Another, more famous in the cryptocurrency world, BTC mining firm, reported a successful deal with Bitmain. The result of this transaction was the supply of equipment totaling $ 120,700,000.
According to the press, the delivery of this equipment successfully ended in July this year. Taking into account the new equipment, Marathon Digital has 133,000 units of equipment – ASIC. The hashtag rate of this amount of equipment is 13 exahesh per second, which will allow Marathon Digital to control 12% of the total BTC hashrate. Fred Thiel, CEO of MD, commented that the company’s main task is to dominate the share of the hashrate:
“An increase in the share of the total hashreat will be able to increase our share of BTC. If we take into account that the mining industry is the best tool, now is the best time to increase the number of equipment units, “Fred Thiel added.
Recent weights associated with the ban on mining in China have greatly influenced the global distribution of the BTC hashreat. North America will soon control most of this industry. Even before China, America and Canada increased their capacity by supplying equipment from Bitmain and MicroBT.
Fred Thiel also says that Marathon Digital was included in the list of companies that have interest in an environmentally friendly cryptocurrency mining problem. Earlier, in early May, the company announced plans to create a cryptocurrency center for mining in Texas, which will be 75% environmentally promising and not toxic.
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