On March 7, the publicly-listed mining firm Hive Blockchain Technologies revealed the business tattooed a manage Intel to purchase brand-new ASIC mining chips. Additionally, Hive has actually created a contract with an initial style maker (ODM) and also a non-binding letter of intent with Compute North. Hive stated the business prepares to deploy 100 MW of mining capability to Compute North’s renewable resource centers in Texas.
Hive to Purchase ASIC Chips From Intel, Aims to Deploy 100 MW in Texas
The blockchain business and also mining procedure Hive (TSX.V: HIVE) (Nasdaq: HIVE) has actually disclosed it has actually gotten in a supply arrangement with Intel Corporation (Nasdaq: INTC). Hive will certainly get Intel’s brand-new ASIC mining chips that will certainly be leveraged in customized devices created the business. The blockchain firm states it has a producing arrangement with an ODM that specializes in “electronics manufacturing.”
“Hive’s engineering team will draw on its expertise in hardware and software implementation and will work closely with Intel and the ODM partner on the systems integration,” Hive’s news notes. “These miners are expected to be delivered over a period of one year starting in the second half of calendar 2022, the effect of which, if they are all installed, would be an expected increase of up to 95% in our aggregate Bitcoin mining hashrate from 1.9 exahash per second.”
In enhancement to the manage Intel, Hive described it shut an additional arrangement with Compute North in order to deploy a 100 MW mining facility in Texas. Frank Holmes, Hive’s exec chairman, stated the Compute North group “shares the same commitment to using renewable energy that Hive has adhered to since its listing as the world’s first publicly traded crypto-miner.”
Mining Company (*100*) 2,374 Bitcoin, Hive Joins a Slew of Firms Acquiring Intel Chips
Hive states that additional information regarding the 100 MW center will certainly be revealed in the future. Last year, Hive bought a large amount of mining gears from Canaan and also in mid-October it broadened its information facility school in New Brunswick, Canada, with 40 MW of capability. The exact same month, Hive obtained an additional 6,500 mining gears from Canaan. Hive holds a equilibrium of 2,374 bitcoin (BTC) since February 28, 2022, and also the business created 244.4 BTC last month.
Moreover, Hive signs up with companies like Griid, Argo Blockchain, and also Jack Dorsey’s Block (previously Square) that have strategies to acquire Intel’s ASIC chips. Intel disclosed its brand-new mining chips in mid-February and also declared the circuits will certainly provide 1,000x much better efficiency than present rivals. Later, at the International Solid-State Circuits Conference (ISSCC) last month, Intel provided the occasion guests a creep optimal at the ‘Bonanza Mine BMZ1’ blockchain accelerator mining chip and also the ‘Bonanza Mine BMZ2’ too.
What do you think of Hive’s strategies to purchase Intel ASIC chips and also the 100 MW center in Texas with Compute North? Let us understand what you think of this topic in the remarks area listed below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This post is for informative objectives just. It is not a straight deal or solicitation of a deal to purchase or offer, or a suggestion or recommendation of any kind of items, solutions, or firms. Bitcoin.com does not supply financial investment, tax obligation, lawful, or accountancy guidance. Neither the business neither the writer is liable, straight or indirectly, for any kind of damages or loss triggered or affirmed to be triggered by or in link with making use of or dependence on any kind of material, products or solutions pointed out in this post.