Blockcap, one of the leading cryptocurrency mining enterprises in Northern America, intends to increase the overall quantity of its ASIC miners to more than 40 thousand by the fourth quarter of this year. This will enable the venture to attain a hash rate of 3.5 EH/s. Currently, Blockcap holds a hash rate of about 1 EH/s, by which it mines around six Bitcoins per day.
In the last month of 2020, Blockcap introduced 13,000 Antminer S19s and 500 upgraded S17s to its capacity. In February of the current year, the company bought another 10,000 S19s from Bitmain, and in March obtained another 8,400 new generation Canaan miners. Instalment and linkage of the procured equipment are planned for the fourth quarter of this year. Blockcap assessed the value of their equipment on the secondary market at around $270 million.
Lior Shimron, who is the vice-president of the Fundstrat analytical centre, reported that shares of the largest mining companies Hive Blockchain, Hut 8, Marathon Digital Holdings, and Riot Blockchain have ascended in price over the past 12 months by 5000%, outshining the growing of Bitcoin, which has increased in value over the equivalent period by 762% (from $6.8 thousand to $57.8 thousand).
In the words of Shimron, there is a rising trend amongst miners to save a certain volume of mined digital coins as a resource for future usage.
We remind you that Ukraine recently announced plans to build nuclear-powered Bitcoin mining farms to utilize excess energy supply.
