HIVE Blockchain and Intel have agreed to buy miners

Follow us on telegram

As part of the deal, Hive Blockchain will acquire new Intel ASIC devices with a total capacity of 1,8 EH/s

HIVE Blockchain and Intel have agreed to buy miners

08.03.2022 - 07:00

299

1 min

0

What’s new? HIVE Blockchain, a mining company, has entered into an agreement with ASIC chip maker, Intel. The deal involves the purchase of bitcoin mining miners. HIVE says in a press release that a farm with the new miners will be located in Texas, USA, and will be powered by renewable energy sources.

The full version of the press release

How will the deal with Intel affect the company’s development? HIVE plans to begin purchasing and placing new miners in the second half of 2022. It will take about 12 months to complete the order and deploy the capacity. The total capacity of the bitcoin farm will increase by 95%, from the current 1,9 EH/s to 3,7 EH/s.

The new miners are expected to consume less power than the current models of ASIC miners on the market. According to Aydin Kilic, President of HIVE, the company will be fully involved in the entire system development process, from design to testing the prototype and serial models of Intel.

Author:

Michael Golikov

Useful material?

Telegram Newsletter Twitter

Trends

Binance analysts noted the outperforming growth of the Solana ecosystem compared to other L1s

The investment company VanEck believes that in the coming year, the project will take third place in capitalization among crypto projects

Dec 8, 2023

Market

LayerZero team will launch its native token in the first half of next year

The asset will be distributed among the network participants by airdrop

Dec 8, 2023

Incidents

WSJ: Montenegro’s Ministry of Justice is leaning toward decision to extradite Do Kwon to US authorities

Do Kwon has filed an appeal against the extradition decision, and the official position of the agency will be announced at a later date

Dec 8, 2023

Market

Unknown wallet transfers $43,28 million worth of bitcoins after 13 years of inactivity

The owner of the address mined the coins early in the development of the network, at the time they were worth about $100

Dec 7, 2023

Incidents

Bitzlato co-founder pleads guilty to laundering $700 million and agrees to shut down the service

Anatoly Legkodymov also dropped his claims to the arrested assets

Dec 7, 2023

Trends

Solana-based BONK has become the third-largest “dog” meme token ever created

The capitalization of the asset grew by more than 36% per day

Dec 6, 2023