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, government chairman Frank Holmes mentioned in a press release. The corporate at present has about 1.2 EH/s.
- Canaan is a China-based producer greatest identified for its ASIC mining machines that, throughout increase instances, have seen demand skyrocket as extra mining companies try and capitalize on bitcoin’s rising worth.
Learn extra: ASIC Maker Canaan Diversifies Into Bitcoin Mining in Kazakhstan