1 year ago
The publicly-listed institution Hive Digital Technologies, based successful Vancouver, has announced the acquisition of 7,000 caller application-specific integrated circuit (ASIC) bitcoin mining rigs from Bitmain. The ordered Antminer S21 units are slated for accomplishment from January done June adjacent year.
Hive Digital Expands Fleet With 1.4 EH/s of Hashpower
Hive Digital (Nasdaq: HIVE) has expanded its inventory of bitcoin (BTC) mining rigs with an further acquisition from Bitmain, pursuing 2 erstwhile tranches of S19k Pro miners acquired past month. The company’s archetypal acquisition progressive 5,000 S19k units, followed by a consequent acquisition of 4,800 S19k Pro units successful mid-May.
This latest summation of 7,000 S21 devices escalates Hive’s full orders successful caller times to 16,800 of the latest next-generation Bitmain miners. Hive elaborated that upon the installation of the caller miners, the company’s array volition boast an mean ratio of 25 joules per terahash (J/T).
The summation of 1.4 exahash per 2nd (EH/s) of mining powerfulness to its existent 6.6 EH/s is expected to elevate Hive’s capableness to a full of 8 EH/s. This enlargement follows the firm’s caller strategy to task into the realms of artificial quality (AI) and high-performance computing (HPC) technologies.
In a determination to bolster its technological arsenal, Hive has integrated 96 Nvidia H100 graphics processing units (GPUs) into its increasing postulation of GPUs. The latest acquisition underscores a play of aggravated enactment successful the bitcoin mining sector, with galore businesses securing rigs from salient manufacturers similar Bitmain and Microbt.
Notably, Cipher Mining has precocious added 7.1 EH/s of Bitmain mining rigs to its inventory, portion Riot clinched a deal for 66,560 Microbt ASIC miners earlier this month. Similarly, bitcoin mining entity Cleanspark purchased Bitmain’s caller S21 units, and DMG secured 4,550 T21 Antminers successful December.
The Bitmain models that Hive acquired are air-cooled ASIC devices susceptible of delivering 200 terahash per 2nd (TH/s) of SHA256 hashrate. Each portion consumes 3,500 watts of powerfulness disconnected the partition and boasts an ratio of 17.5 J/T.
In caller times, the bitcoin mining assemblage astatine ample is bracing for the anticipated halving event slated for the extremity of March oregon April 2024. Incorporating caller miners into their existent operational fleets sets these mining companies up for a competitory edge.
This industry-wide mobilization denotes a deliberate pivot towards heightened ratio and power. Such strategical preparations warrant that, upon the halving’s onset, starring mining entities stay equipped to persistently enactment the blockchain’s information and integrity done enhanced show and continuous expansion.
What bash you deliberation astir Hive purchasing 7,000 caller bitcoin miners from Bitmain? Share your thoughts and opinions astir this taxable successful the comments conception below.
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