Hive Blockchain Orders One other 6,500 Bitcoin Mining Machines From Canaan



Hive Blockchain Applied sciences 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, govt chairman Frank Holmes stated in an announcement. The corporate presently has about 1.2 EH/s.Canaan is a China-based producer finest recognized for its ASIC mining machines that, throughout increase occasions, have seen demand skyrocket as extra mining companies try to capitalize on bitcoin’s rising worth.Learn extra: ASIC Maker Canaan Diversifies Into Bitcoin Mining in Kazakhstan