THELOGICALINDIAN - On October 29 the about listed close Canaan appear the mining architect has anchored a followon acquirement adjustment from the mining abettor Hive Blockchain for 6500 units of Canaans nextgeneration Avalon mining rigs Hive expects to access the operations hashrate from 12 exahash per additional EHs to 3 EHs by March 2022
Hive Secures an Order for 6,500 Avalon Miners
This anniversary the Nasdaq-listed Hive Blockchain (Nasdaq:HIVE) and Canaan (Nasdaq: CAN) appear that Hive anchored a follow-on acquirement adjustment for 6,500 Avalon miners from Canaan. According to the announcement, the addition of the 6,500 mining rigs bogus by Canaan will be alien in three tranches.
3,000 miners will be delivered in December 2024, 3,100 miners in January 2022, and an added 400 Avalon miners by February 2022. Hive had already acquired 10,400 miners from Canaan in January and August 2024.
In contempo times, Hive appear the aggregation is amalgam expansions to its better abstracts centermost campus in New Brunswick, Canada. Hive said it aims to accommodate the New Brunswick armpit with 40 added megawatts. The mining operation mines both bitcoin (BTC) and ethereum (ETH) and it operates a absolute of bristles mining accessories in countries like Iceland, Sweden, and Canada.
Frank Holmes, the controlling administrator of Hive Blockchain said the aggregation is admiring to bolster its accord with the crypto mining rig manufacturer. “We are admiring to be architecture on our cardinal alliances with arch ASIC architect Canaan to accomplish our goals and drive amount for our shareholders, while active on a transaction that increases our banknote breeze and blooming mining capacity,” Holmes said in a statement. The mining operation’s administrator added:
Demand for Bitcoin Mining Rig Shipments Continues
During the aftermost two months, both bitcoin’s (BTC) and ethereum’s (ETH) amount has fabricated both crypto assets far added assisting to mine. BTC’s amount has accustomed earlier bearing mining rigs new life and companies that abundance crypto assets are demography abounding advantage. Besides Hive Blockchain a cardinal of added firms accept been agreement orders with ASIC accomplishment companies like Bitmain, Canaan, and Microbt for next-generation units.
At the end of August, Genesis Digital Assets acquired 20,000 bitcoin mining rigs from Canaan, and the aggregation additionally has the advantage to buy 180,000 added units from Canaan activity forward. Canaan shares are exchanging easily for $8.72 on Friday while Hive Blockchain shares are swapping for $3.85 per share. While Canaan’s shares are bottomward 0.19% today, Hive’s shares, on the added hand, are up 0.15%.
What do you anticipate about Hive purchasing 6,500 miners from Canaan? Let us apperceive what you anticipate about this accountable in the comments area below.
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