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Springtime is coming to the North American cryptocurrency mining industry. With access to robust capital markets, cheap power, a stable political climate and increasing participation of technological innovators, industrial-grade mining operations are burgeoning in the United States and Canada, providing competition to Chinese mining pools that now control more than half of the world’s hashing power.
These new ventures are acutely aware of the need to minimize mining’s carbon footprint. In March, when Neptune Digital Assets and Link Global announced they would develop a new five-megawatt Bitcoin mining facility in Alberta, Canada, for instance, Neptune CEO Cale Moodie cited the “substantial global pressure to develop
Posted on 16935
One of the largest bitcoin mining and blockchain technology companies in North America, Blockcap, Inc. (“Blockcap”), announced today its purchase of an additional 8,400 AvalonMiner 1246s. Acquired from top manufacturer Canaan, the large-scale purchase of these state-of-the-art machines brings the number of Blockcap-operated miners to be deployed by Q4 of this year to over 30,000.
The latest move by Blockcap is a testament to the company’s continued aggressive expansion in the United States and follows its recent acquisition of 10,000 Bitmain S19 miners earlier this year. With the addition of the Canaan machines, Blockcap will deploy new miners in 2021 valued in today’s secondary market at over $150 million. The new additions will nearly triple Blockcap’s total hashing power from six months ago.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Major Industry Veterans Join Blockcap as Mining Expansion Dominates Global Industry
February 19, 2021 GMT
DALLAS (BUSINESS WIRE) Feb 19, 2021
Blockcap Inc. (“Blockcap”), a blockchain technology and mining company, announced today the addition of more industry veterans to its Advisory Board in a move that signals not only a commitment to attracting top-notch talent but also a determination to press ahead with rapid growth. The new arrivals come after Blockcap’s announcement last week that it has acquired an additional 10,000 bitcoin Antminer S19 miners, and after a flurry of additions to its C-Suite and Board of Directors.
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