HIVE Blockchain Technologies, a Vancouver-headquartered crypto mining company, is buying 1,800 machines from Chinese mining rig maker Bitmain to expand its mining operation.
HIVE stated that it had ordered 1,800 Antminer S19j Professional miners from Bitmain, and the brand new machines are anticipated to convey a combination hash energy of 180 petahash per second, in keeping with a firm assertion launched Friday.
HIVE — listed on the Toronto Stock Exchange, Nasdaq and Frankfurt Stock Exchange — operates data centers in Canada, Sweden and Iceland, and has been promoting its green energy and environment, sustainability and governance technique.
The acquisition of the brand new machines are a part of HIVE’s 2022 buying plan and so they set to be delivered ranging from January 2022 via June 2022.
The brand new deal follows HIVE’s order earlier this month with another Chinese mining rig maker Canaan for 4,000 Bitcoin mining machines with an aggregate working hash energy of 272 petahash per second.
“This purchase with Bitmain allows us to keep up our technique to diversify the producers we buy from,” Frank Holmes, government chairman of HIVE, stated within the assertion. “Over the previous year, we have now been expressing our issues about world shortages in chips and logistics delays in delivery tools from Asia as a result of Covid 19. We’ve got deep relationships with Bitmain, MicroBT and Canaan that are all prime world producers in our trade.”