Hive Blockchain Orders Another 6,500 Bitcoin Mining Machines From Canaan

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Hive Blockchain Technologies ordered one other 6,500 Avalon bitcoin mining machines from producer Canaan (NASDAQ: CAN).

  • The order comes after the Canadian firm (NASDAQ: HIVE) purchased 4,000 items in August and 6,400 in January.
  • The newest buy will push Hive’s bitcoin mining capability to 2 exahash per second by December and three EH/s by March 2022, government chairman Frank Holmes said in a statement. The firm at the moment has about 1.2 EH/s.
  • Canaan is a China-based producer greatest identified for its ASIC mining machines that, throughout growth occasions, have seen demand skyrocket as extra mining companies try to capitalize on bitcoin’s rising worth.

Read extra: ASIC Maker Canaan Diversifies Into Bitcoin Mining in Kazakhstan