Blockcap plans to triple the hash rate for cryptocurrency mining by the end of the fourth quarter of 2021.
One of the largest companies in North America byCryptocurrency mining Blockcap plans to increase the total number of its ASIC miners to 40 thousand by the fourth quarter of 2021, writes Cointelegraph. This will allow the company to achieve a hash rate of 3.5 EH / s. Blockcap now has a hash rate of over 1 EH / s, which makes it mine about six bitcoins every day.
In December 2020, Blockcap launched 13 thousand.Antminer S19 and 500 upgraded S17. In February of this year, the company purchased another 10,000 S19s from Bitmain, and in March acquired 8,400 Canaan new generation miners. Installation and connection of the purchased equipment is scheduled for the fourth quarter of this year. Blockcap estimated the value of their equipment in the secondary market at $ 270 million.
Formerly vice president of a research centerFundstrat Lior Shimron reported that shares of the largest mining companies Hut 8, Hive Blockchain, Riot Blockchain and Marathon Digital Holdings have risen in price by 5000% over the past year, outstripping the growth of Bitcoin, which, according to TradingView, has risen in price by 761% over the same period (from $ 6 , 7 thousand to $ 57.7 thousand).
“Until the Bitcoin ETF is approved, investors willmay consider public cryptocurrency mining companies as one of the possible ways to gain access to bitcoins, "said the vice president of Fundstrat.
According to Shimron, there is a growing trend among miners to preserve a certain amount of mined digital coins as an asset for future use.
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