Canadian mining company Hive Blockchain bought 6,400 Canaan ASIC miners, increasing the firm’s total hashing power to 1.22 Eh / s by the end of 2021.
According to a statement on the company’s website, Hive Blockchain will achieve its previously set goal of increasing the firm’s total hashrate to 1,229 Pp / s by purchasing 6,400 Canaan AvalonMiner 1246 ASIC miners with a cumulative hash rate of 576 Pp / s. The new devices will ship to the company in May this year.
Once the hardware is delivered and deployed, the Hive Blockchain’s operational hash rate will grow to 1.22 Eh / s, allowing the company to reach its 2021 Eh / s target. The order is almost double the number of devices the company bought last year, when the company purchased 3,500 ASIC miners.
Delivery and deployment of ASIC miners will begin in May and June with an initial batch of 500 devices followed by monthly deliveries of 900 devices by the end of the year. Amid forecasts for further growth, the market value of the Vancouver-based company rose sharply, reaching $ 1 billion in early January.
In October, it was reported that the three largest asset managers of the company – Charles Schwab, Fidelity and Vanguard – are diversifying their assets and buying shares in companies in the blockchain industry, including Hive Blockchain.
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