THELOGICALINDIAN - Canadian bitcoin miner Hive Blockchain has bought 6400 abutting bearing mining machines from Canaan The Avalonminer 1246 miners will add a accumulated 576 petahash per additional PHs to Hives absolute assortment power
● With the accession of the new machines, Hive’s absolute assortment amount will access to an estimated 1,229 PH/s, able-bodied above the company’s aboriginal accumulative assortment amount ambition of 1,000 PH/s for 2024.
● In a statement this week, Hive said the accessories will be delivered in eight tranches in 2021, with 500 miners delivered in May and June, and 900 miners delivered anniversary ages until year-end.
● Vancouver-based Hive said the latest purchase, which is bifold the 3,500 miners bought aftermost year, “is allotment of our continuing action to access our bitcoin mining capacity.” For the December 2020 quarter, the close mined 140 bitcoins and over 22,000 ethereum (ETH).
● The Avalonminer 1246 miner is Canaan’s best able ambit accessible and comes with a assortment amount of 90TH/s.
● Hive operates mining accessories that run on renewable activity in Canada, Sweden and Iceland. Shares of Hive fell 15% to $2.42 Canadian dollars ($1.91) in Toronto trading on Thursday. In the accomplished 52 weeks, the banal has swung to a aerial of CAD$3.50 and a low of CAD$0.12. Year-to-date, Hive is bottomward added than 10%.
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