September 19, 2021

HIVE to acquire 4,000 bitcoin ASICs from Canaan

HIVE to acquire 4,000 bitcoin ASICs from Canaan

Canaan Inc, a leading provider of money management equipment, received from HIVE Blockchain Technologies Ltd. (HIVE) purchase order 4000 ASICs with a total working hash power of 272 PH / s.

The company will deliver the ASIC in two equal batches of 2,000 miners each in August and September this year.

This will complement those purchased from HIVE earlier in thisyear 6400 AvalonMiner 1246, with a cumulative working hash rate of 576 PH / s. At the moment, the total HIVE hash rate has almost reached 1 exahesh per second, with a daily income of $ 550,000 and an annual income of $ 200 million from the production of BTC and ETH.

HIVE headquartered in Vancouver, Canada,is the first cryptocurrency mining company to pursue a green energy strategy. With data centers in Canada, Iceland and Sweden, the company aims to build a bridge between traditional capital markets and the digital currency and blockchain industry. HIVE is currently listed on the Nasdaq, Toronto and Frankfurt Stock Exchange.

Canaan Inc is a well-known Chinese computer hardware manufacturer specializing in Blockchain servers and ASIC microprocessor solutions for BTC mining.

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