HIVE Blockchain and Intel have agreed to buy miners

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

08.03.2022 - 07:00

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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.

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