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HIVE Blockchain ordered 6,500 bitcoin mining machines from Chinese language maker Canaan.The acquisition builds on the 2 corporations’ partnership which has despatched the Canadian miner over 10,000 machines this yr.HIVE expects to achieve 2 EH/s BTC mining capability by the top of 2021.Bitcoin miner HIVE Blockchain has secured one other buy order of Canaan machines, the producer introduced in a launch. The miner will obtain 6,500 latest-generation Avalon bitcoin mining rigs from Canaan in a follow-up order to the ten,400 different models bought this yr.”The extra buy order from HIVE additional strengthens our working relationship,” Nangeng Zhang, chairman and CEO of Canaan, stated. “We’ll proceed to place ourselves as an vital companion for HIVE as they speed up their enterprise development. With our next-generation Avalon Miners in addition to our high quality on-site and off-site help, we’re assured to attain higher success with our shoppers within the crypto-mining discipline.”The Canadian miner has been nourishing its partnership with the Chinese language ASIC maker to extend its mining fleet to push for the next hashrate capability. In response to HIVE, it at present has round 1.2 exahashes per second (EH/s) of bitcoin mining capability and is actively in search of to achieve the two EH/s mark by the top of the yr. The corporate expects to accommodate 3 EH/s by March 2022.”We’re happy to be constructing on our strategic alliances with Canaan, a number one ASIC producer, to attain our objectives and drive worth for our shareholders, whereas executing on a transaction that will increase our money stream and inexperienced mining capability,” Frank Holmes, government chairman of HIVE, stated, per the discharge.Canaan is not HIVE’s solely provider, nevertheless. In July, the miner purchased over 3,000 bitcoin mining rigs from Foundry in a partnership that led the Canadian agency to additionally be a part of Foundry’s USA mining pool.In June, HIVE obtained approval for Nasdaq itemizing and debuted in U.S. markets after first going public in 2017 within the Toronto Inventory Trade (TSX).
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