Hive Blockchain secures order for 6,500 Bitcoin miners of the next generation from Kanaan-Mining Bitcoin messages
Hive Blockchain secures order for 6,500 Bitcoin miners of the next generation from Kanaan-Mining Bitcoin messages
On October 29, the listed company Canaan announced that the mining manufacturer received a subsequent resolution from the mining operator Hive Blockchain over 6,500 units of the next generation Avalon-Mining-Rigs. Hive assumes to increase the Hashrate of the Operation from 1.2 Exahash per second (EH/S) by March 2022.
hive secures an order for 6,500 Avalon-Miner
This week the Hive Blockchain ( nasdaq: hive ) and kanaan ( Nasdaq: Can ) announced that Hive received a consequence for 6,500 Avalon-Miner from Kanaan. According to the announcement, the 6,500 mining rigs made by Canaan will be delivered in three tranches.
3,000 miners are delivered in December 2021, 3,100 miners in January 2022 and another 400 Avalon Miner until February 2022. Hive had already acquired 10,400 miners from Kanaan in January and August 2021.
recently announced Hive that the company was expanding its largest data center campus in New Brunswick, Canada. Hive wants to supply the New Brunwick location with 40 additional megawatts. The mining company builds both from bitcoin (btc) and Ethereum (ETH) and operates a total of five mining facilities in countries such as Iceland, Sweden and Canada.
Frank Holmes, the Executive Chairman from Hive Blockchain, said that the company is pleased to strengthen its relationship with the manufacturer of crypto mining rigs. "We are pleased to build on our strategic alliances with the leading ASIC manufacturer Canaan in order to achieve our goals and increase the value for our shareholders, while we also carry out a transaction that increases our cash flow and our green mining capacity," said Holmes in a statement. The chairman of the mining company added:
hive currently has about 1.2 exahash per second (EH/s) on Bitcoin mining capacity, and with this new purchase the Bitcoin Asic pipeline from Hive will be 2 EH/s and until March 2022 3 EH/S.
Demand for Bitcoin Mining RIG deliveries continue
During the past two months, both Bitcoins ( btc ) and Ethereums ( eth ) price has made both crypto-assets much more profitable for mining. btc The price gave mining rigs of the older generation New life and companies that reduce crypto-assets full out of. In addition to Hive Blockchain, a number of other companies have given orders for ASIC manufacturers such as Bitmain, Canaan and Microbet for next generation units.
End of August, Genesis Digital Assets acquired 20,000 Bitcoin mining rigs from Kanaan, and the company also has the option to buy 180,000 other units from Kanaan in the future. Canaan shares exchange the owner on Friday for $ 8.72, while Hive blockchain shares are exchanged for $ 3.85 per share. While the shares of Canaan have lost 0.19 % today, the shares of Hive have increased by 0.15 %.
What do you think that Hive buys 6,500 miners from Kanaan? Let us know your opinion on this topic in the comments below.
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