Hive Blockchain has entered into a deal with Intel and plans to deploy a new data center in Texas.
Blockchain company Hive has announced a deal with a processor manufacturer to supply new Intel ASIC chips for mining. The chips will have to be used in equipment specially made for the company. To do this, the company entered into an agreement with an ODM company specializing in the production of electronics.
“The Hive engineering team will draw on their expertise in hardware and software. We will work closely with Intel and ODM specialists. We expect chips to be delivered within a year starting in the second half of 2022,” Hive Blockchain said in a statement. The company expects a 95 percent increase in aggregate hash rate.
Hive also entered into an agreement with Compute North to deploy a 100 MW data center in Texas. Hive CEO Frank Holmes emphasized that Compute North is trying to use renewable energy sources.
The blockchain company purchased 4,000 mining rigs from Canaan last year and expanded its New Brunswick data center to 40 MW in mid-October. Hive now has 2,374 BTC on its balance, last month the mining company managed to mine 244.4 bitcoins.
Source: Bits
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