The Canadian mining firm’s project will be able to power some 55,000 new-generation mining machines.
The Canadian firm is the latest of many North American companies to chase Bitcoin's hashrate with new machine purchases.
The two firms both plan to add significant computing power to their fleets throughout the remainder of the year.
The explosions took nearly a quarter of Bitcoin's hashrate offline, but the network is operating normally and these miners could be back online in as soon as a week.
It's the latest listed firm to ramp up its mining arsenal as the price of bitcoin flirts with all-time highs.
North America has miners and an abundance of energy, but it's lacking one ingredient for a true mining boom: an ASIC manufacturer close to home.
Michael Saylor’s MicroStrategy was up 18.5% in global markets. His firm’s bitcoin proxy stock wasn’t alone in seeing green.
Yet another U.S. mining firm is ramping up its Bitcoin hashrate.
Gryphon is launching its all renewables mining venture at a time when bitcoin – and scrutiny over its energy consumption – are at all time highs.
The trading firm said that mining bitcoin itself would help improve liquidity options for its client exchanges.
Despite bull-market-driven demand for the company’s bitcoin mining machines, Canaan’s Q4 revenue plummeted due to COVID-related supply chain issues.
Mining company BitRiver is launching its own token, aiming to raise $35 million on Bithumb
The company also completed the signing of definitive agreements for 12,246 units of bitcoin mining machines with a total hashrate of 288PH/S.
Texas is quickly becoming a major hub for American mining.
CoinShares’ chief strategy officer says, “It’s vital we correct misinformation that has persisted about Bitcoin’s energy use and sources.”