HIVE BLOCKCHAIN CONTINUES ITS BITCOIN MINING MOMENTUM BY PURCHASING 6,400 CANAAN AVALON NEXT GENERATION MINERS TO EXPAND ITS CAPACITY TO 1,229 PH/S IN 2021
2021-01-23
As demand for Bitcoin mining continues on its upward momentum in line with the increased demand for mining machines, we are pleased to embark on our partnership with HIVE Blockchain, which will see HIVE purchasing 6,400 Canaan AvalonMiner 1246 Miners. We look to continue supporting HIVE as they focus on new opportunities to increase their Bitcoin mining capacity. The addition of these 6,400 1246 Miners will see HIVE's aggregate operating hash rate from Bitcoin mining increase to an estimated 1.229 Exahash per second (EH/s) or 1,229 PH/s by the end of 2021.