THELOGICALINDIAN - On March 7 the publiclylisted mining close Hive Blockchain Technologies appear the aggregation active a accord with Intel to acquirement new ASIC mining chips Additionally Hive has formed an acceding with an aboriginal architecture architect ODM and a nonbinding letter of absorbed with Compute North Hive said the aggregation affairs to arrange 100 MW of mining accommodation to Compute Norths renewable activity accessories in Texas
Hive to Purchase ASIC Chips From Intel, Aims to Deploy 100 MW in Texas
The blockchain aggregation and mining operation Hive (TSX.V: HIVE) (Nasdaq: HIVE) has revealed it has entered a accumulation acceding with Intel Corporation (Nasdaq: INTC). Hive will access Intel’s new ASIC mining chips that will be leveraged in custom-built accessories fabricated for the company. The blockchain close says it has a accomplishment acceding with an ODM that specializes in “electronics manufacturing.”
“Hive’s engineering aggregation will draw on its ability in accouterments and software accomplishing and will assignment carefully with Intel and the ODM accomplice on the systems integration,” Hive’s advertisement notes. “These miners are accepted to be delivered over a aeon of one year starting in the additional bisected of agenda 2022, the aftereffect of which, if they are all installed, would be an accepted access of up to 95% in our accumulated Bitcoin mining hashrate from 1.9 exahash per second.”
In accession to the accord with Intel, Hive abundant it bankrupt addition acceding with Compute North in adjustment to arrange a 100 MW mining centermost in Texas. Frank Holmes, Hive’s controlling chairman, said the Compute North aggregation “shares the aforementioned charge to application renewable activity that Hive has adhered to back its advertisement as the world’s aboriginal about traded crypto-miner.”
Mining Company Holds 2,374 Bitcoin, Hive Joins a Slew of Firms Acquiring Intel Chips
Hive says that added accommodation about the 100 MW ability will be appear in the future. Aftermost year, Hive purchased a abundant accord of mining rigs from Canaan and in mid-October it broadcast its abstracts centermost campus in New Brunswick, Canada, with 40 MW of capacity. The aforementioned month, Hive acquired addition 6,500 mining rigs from Canaan. Hive holds a antithesis of 2,374 bitcoin (BTC) as of February 28, 2022, and the aggregation produced 244.4 BTC aftermost month.
Moreover, Hive joins firms like Griid, Argo Blockchain, and Jack Dorsey’s Block (formerly Square) that accept affairs to access Intel’s ASIC chips. Intel revealed its new mining chips in mid-February and claimed the circuits will bear 1,000x bigger achievement than accepted competitors. Later, at the International Solid-State Circuits Conference (ISSCC) aftermost month, Intel gave the accident attendees a sneak peak at the ‘Bonanza Mine BMZ1’ blockchain accelerator mining dent and the ‘Bonanza Mine BMZ2’ as well.
What do you anticipate about Hive’s affairs to acquirement Intel ASIC chips and the 100 MW ability in Texas with Compute North? Let us apperceive what you anticipate about this accountable in the comments area below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
