American mining company Blockcap announced the purchase of 10,000 Antminer S19 ASIC miners from Bitmain. This will double the hashrate and profit of the company.
Blockcap was founded last year by people from Core Scientific. Blockcap already owns 10,000 Antminer S19, and after the new purchase, this number will double. At the moment, the hashrate of the company’s equipment reaches 0.95 Eh / s, which allows you to mine 5.5 BTC per day.
“This deal is an important step not only for the development of Blockcap, but also for ensuring the security of transactions on the Bitcoin network thanks to a powerful and extensive network of mining machines,” said Blockcap CEO Clark Swanson.
New miners should be available to Blockcap between March and August this year. Upon completion of the delivery, the hashrate of the company’s equipment will reach 1.9 Eh / s.
This year there is a severe shortage of mining equipment on the market, and many companies use this to resell their ASIC miners. However, Blockcap does not plan to make money by reselling equipment, but will itself mine bitcoins.
“We are passionate about the future of Bitcoin and have no intention of reselling devices,” said Blockcap Executive Chairman Darin Feinstein.
Earlier it was reported that Argo Blockchain is preparing to purchase a land plot in West Texas to build a new 200 megawatt cryptocurrency mining center.
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