page contents Hive Blockchain Buys 6,400 Bitcoin Miners From Canaan, Capacity Reaches 1,229 PH/s – The News Headline

Hive Blockchain Buys 6,400 Bitcoin Miners From Canaan, Capacity Reaches 1,229 PH/s

Canadian bitcoin miner Hive Blockchain has purchased 6,400 subsequent technology mining machines from Canaan. The Avalonminer 1246 miners will upload a blended 576 petahash consistent with 2d (PH/s) to Hive’s present hash energy.

● With the addition of the brand new machines, Hive’s overall hash fee will build up to an estimated 1,229 PH/s, well past the corporate’s authentic cumulative hash fee goal of one,000 PH/s for 2021.

● In a commentary this week, Hive mentioned the apparatus shall be delivered in 8 tranches in 2021, with 500 miners delivered in Might and June, and 900 miners delivered every month till year-end.

● Vancouver-based Hive mentioned the most recent acquire, which is double the three,500 miners purchased ultimate yr, “is a part of our proceeding method to build up our bitcoin mining capability.” For the December 2020 quarter, the company mined 140 bitcoins and over 22,000 ethereum (ETH).

● In keeping with Canaan’s Internet Retailer, the Avalonminer 1246 is promoting for $1,450 every. The miner is the Chinese language corporate’s maximum tough vary to be had and springs with a hash fee of 90TH/s.

● Hive operates mining amenities that run on renewable power in Canada, Sweden and Iceland. Stocks of Hive fell 15% to $2.42 Canadian bucks ($1.91) in Toronto buying and selling on Thursday. Prior to now 52 weeks, the inventory has swung to a top of CAD$three.50 and a low of CAD$zero.12. Yr-to-date, Hive is down greater than 10%.

What do you consider Hive’s newest acquire of bitcoin miners? Tell us within the feedback segment under.

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