Northern Data’s Bitcoin Mining Fleet Adds 21,000 ASIC Rigs, Firm Holds $168M in Crypto Assets

On April 4, the bitcoin mining cognition Northern Data published its fiscal statements and noted that the company’s mining fleet had grown by astir 21,000 machines by the extremity of March 2022. The recently added machines accrued the company’s hashrate from 2 exahash per 2nd successful February to 3.95 EH/s by the extremity of March.

Northern Data Adds Thousands of New ASICs to the Mining Fleet, Hashrate Doubles

According to an audit study published by KPMG, the bitcoin miner Northern Data has seen maturation during the past fewer months. Northern Data’s fiscal statements enactment that the steadfast added 21,000 caller ASIC mining rigs to the company’s fleet of devices.

The latest summation brings Nothern Data’s full fig of ASIC rigs to 43,500 machines. Northern Data explains that the added machines resulted successful accrued hashrate arsenic they added 1.95 EH/s to the firm’s 2 EH/s capacity.

Northern Data says 21,700 are hosted machines and the remainder of the miners are dedicated to the company’s ain account. “By the extremity of the year, a full of much than 100,000 ASIC systems are expected to beryllium successful operation, representing astir 9.3 EH/s,” Northern Data explained successful a property release. “The bulk of these ASIC systems are already paid for,” the steadfast added.

223,000 GPUs Operational, Firm Holds $168 Million successful Bitcoin and Ethereum

In summation to ASIC mining rigs dedicated to mining bitcoin (BTC), Northern Data is mining ethereum (ETH) arsenic well. “223,000 GPUs are operational since the extremity of past year,” the steadfast explained connected Monday. “A full of 5,031 ETH were generated successful March 2022,” Northern Data’s fiscal connection shows.

In March, the institution mined 286 BTC and 5,031 ETH, which brings the firm’s crypto holdings to 1,000 BTC and 35,200 ETH. At the extremity of March, Northern Data disclosed that the institution has expanded arsenic well, to a full of 12 information centers crossed the globe. Moreover, the institution aims to enactment successful Tulsa, Oklahoma successful 2024.

“Northern Data entered into a concern with the State of Oklahoma and vigor supplier Grand River Dam Authority (GRDA) and plans to physique a information halfway tract successful the vicinity of Tulsa for astir 70,000 ASIC systems by the extremity of 2024,” the company’s fiscal connection concludes.

What bash you deliberation astir Northern Data adding 21,000 machines to the company’s fleet of miners? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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