Blockcap Provides 8,400 New Subsequent Era Canaan Miners to its Expansive Bitcoin Mining Fleet
One of many largest bitcoin mining and blockchain know-how firms in North America, Blockcap, Inc. (“Blockcap”), introduced at the moment its buy of a further 8,400 AvalonMiner 1246s. Acquired from high producer Canaan, the large-scale buy of those state-of-the-art machines brings the variety of Blockcap-operated miners to be deployed by This fall of this yr to over 30,000.
The most recent transfer by Blockcap is a testomony to the corporate’s continued aggressive growth in the US and follows its latest acquisition of 10,000 Bitmain S19 miners earlier this yr. With the addition of the Canaan machines, Blockcap will deploy new miners in 2021 valued in at the moment’s secondary market at over $150 million. The brand new additions will almost triple Blockcap’s whole hashing energy from six months in the past.
Based in 2020 by two veterans of Core Scientific, a blockchain-hosting firm, Blockcap, along with persevering with so as to add {hardware}, is actively in search of to develop by buying high-quality mining operations. Clark Swanson, Blockcap’s CEO and Vice Chairman, famous in a press release that the newest cope with Canaan additional positions his firm as a premier mining operation and helps set up the US as a world hub for digital-asset mining and blockchain know-how.
“This acquisition builds on the arduous work our crew has achieved to raise Blockcap as a pacesetter in mining digital property,” Swanson mentioned. “We’re rising sooner by the day, and we’re additionally enthusiastic about different important strikes that can quickly be introduced and which can see our best-in-class infrastructure proceed to convey worth via enhanced high quality, reliability and transparency.”
Utilizing an current fleet of roughly 10,000 totally operational miners mining at roughly .95 Exahash per second (EH/s), Blockcap mines roughly six bitcoin (BTC) per day. With the total set up of all new mining {hardware} deliberate to happen by This fall, Blockcap’s hashing energy is anticipated to extend to greater than 2 EH/s. In whole, the corporate’s fleet may account for properly over one % of the full Bitcoin community hashrate globally.
About Blockcap
Blockcap, Inc. (the “Firm” or “Blockcap”), was based in 2020 by blockchain business veterans who’ve efficiently structured or co-founded different giant know-how firms together with the biggest blockchain infrastructure firm in the US, Core Scientific, Inc. All mining gear is at the moment hosted at Core Scientific’s information heart amenities in the US. Blockcap had roughly 1 Exahash of processing energy by the top of fiscal 2020, representing roughly 0.75% of the hashing energy of your complete BTC world community on the time.
For extra info, go to https://www.blockcap.com/ or contact (833) 901-BLOC toll-free.
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Contacts
Darius Goore
blockcap@wachsman.com
