North American bitcoin (EXANTE: Bitcoin) mining company Blockcap has acquired 10,000 additional Bitmain S19 miners for approximately $100 million, the company announced in a press release. Currently, Blockcap mines 6 BTCs per day at roughly .95 Exahash per second (EH/s).
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
The company plans to receive a part of the tranche in March 2021, with units arriving every month up until August 2021. With the new mining machines, Blockcap will double hashing power up to 1.9 EH/s. Blockcap CEO, Clark Swanson, says with the acquisition the company takes another step towards the status of the largest mining operation in the United States.
"In 2021 and beyond, we will continue building and expanding our current infrastructure, executing with the highest standards for quality, reliability and efficiency," Swanson added.
Bitcoin mining companies and companies beyond the crypto market have been aggressively increasing their hashing powers over the past few months. As iHodl reported, The9 Ltd, a Shanghai-based online game operator, also bought over 26,000 bitcoin mining devices.
The9 signed five memorandums of understanding with five Bitcoin mining machine owners to acquire them through the issuance of Class A ordinary shares. The details on the suppliers and device models had not been disclosed.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.