Mining company Blockcap acquired another 12 000 Antminer S19 – Bits Media

Block cap, one of the largest Bitcoin mining firms in North America, bought more 12 000 Antminer S19 devices from the manufacturer Bitmain to increase their hashrate.

As reported by the Blockcap management, by Q4, the company will have more than 40 000 devices for mining, which will increase the company's hash. 3.5 Eh / s. It will be about 2% From the current common hash Bitcoin, which counts 171.3 Mother / s.

BlockCap was founded in December 2020 year by Core Scientific. Today, BlockCap is mining about six BTC daily. At launch, The mining company had 13 000 Antminer S19 и 500 Updated devices Antminer S17.

In mid -February, BlockCap replenished its inventory again 10 000 Antminer S19, And later I bought it 8 400 new generation miners at Canaan. According to BlockCap, Equipment for mining, which is now owned by the company,  assessed in the secondary market in $270 million.

“BlockCap intends to become a world leader in bitcoins and other digital assets. Thanks to our recent acquisition, We have become even closer to this purpose. We are going to that, For the United States to position itself as a competitive player in this developing industry ", - said the executive chairman of BlockCap Darin Faynstein (Darin Feinstein).

Recently, the Vice President of Fundstrat for the Strategy in Digital Assets Lior Shimron (Leeor Shimron) noted, that the four largest mining companies over the last 12 months surpassed bitcoin on 455%. Shimron explained, that investments in the shares of these companies were more profitable, than direct investments in bitcoin.

Until then, until the exchange index funds have been approved (ETF) of bitcoin, Investors will consider investments in the shares of mining companies as one of the few ways to gain access to bitcoin. So, New York power station Greenidge Generation, Using its own power for BTC production, announced the intention to enter the stock market through NASDAQ.

Recall, that this month the lawmakers of Kentukki approved tax bastards for miners, To attract more mining companies to the region.