Bitcoin Miner Hive to Purchase Intel Mining Chips, Firm Reveals a 100 MW Deployment Deal in Texas – Mining Bitcoin News


On March 7, the publicly-listed mining agency Hive Blockchain Applied sciences introduced the corporate inked a cope with Intel to buy new ASIC mining chips. Moreover, Hive has fashioned an settlement with an authentic design producer (ODM) and a non-binding letter of intent with Compute North. Hive stated the corporate plans to deploy 100 MW of mining capability to Compute North’s renewable power services in Texas.

Hive to Buy ASIC Chips From Intel, Goals to Deploy 100 MW in Texas

The blockchain firm and mining operation Hive (TSX.V: HIVE) (Nasdaq: HIVE) has revealed it has entered a provide settlement with Intel Company (Nasdaq: INTC). Hive will receive Intel’s new ASIC mining chips that will likely be leveraged in custom-built tools made for the corporate. The blockchain agency says it has a producing settlement with an ODM that focuses on “electronics manufacturing.”

“Hive’s engineering crew will draw on its experience in {hardware} and software program implementation and can work intently with Intel and the ODM associate on the programs integration,” Hive’s announcement notes. “These miners are anticipated to be delivered over a interval of 1 yr beginning within the second half of calendar 2022, the impact of which, if they’re all put in, could be an anticipated improve of as much as 95% in our combination Bitcoin mining hashrate from 1.9 exahash per second.”

Along with the cope with Intel, Hive detailed it closed one other settlement with Compute North with a purpose to deploy a 100 MW mining heart in Texas. Frank Holmes, Hive’s govt chairman, stated the Compute North crew “shares the identical dedication to utilizing renewable power that Hive has adhered to since its itemizing because the world’s first publicly traded crypto-miner.”

Mining Firm Holds 2,374 Bitcoin, Hive Joins a Slew of Companies Buying Intel Chips

Hive says that additional particulars in regards to the 100 MW facility will likely be introduced sooner or later. Final yr, Hive bought a substantial amount of mining rigs from Canaan and in mid-October it expanded its knowledge heart campus in New Brunswick, Canada, with 40 MW of capability. The identical month, Hive acquired one other 6,500 mining rigs from Canaan. Hive holds a steadiness of two,374 bitcoin (BTC) as of February 28, 2022, and the corporate produced 244.4 BTC final month.

Furthermore, Hive joins companies like Griid, Argo Blockchain, and Jack Dorsey’s Block (previously Sq.) which have plans to amass Intel’s ASIC chips. Intel revealed its new mining chips in mid-February and claimed the circuits will ship 1,000x higher efficiency than present opponents. Later, on the Worldwide Strong-State Circuits Convention (ISSCC) final month, Intel gave the occasion attendees a sneak peak on the ‘Bonanza Mine BMZ1’ blockchain accelerator mining chip and the ‘Bonanza Mine BMZ2’ as properly.

Tags on this story

100 MW, 100 MW facility, 2347 Bitcoin, 2374 Bitcoin, Argo Blockchain, ASIC mining chips, Bitcoin, Bitcoin (BTC), Bitcoin mining, Block Inc., BMZ1, BMZ2, Bonanza Mine, Bonanza Mine chip, BTC Mining, Canaan, compute north, Frank Holmes, Griid, hive, Hive Intel, Intel, ISSCC, Semiconductor

What do you concentrate on Hive’s plans to buy Intel ASIC chips and the 100 MW facility in Texas with Compute North? Tell us what you concentrate on this topic within the feedback part under.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist dwelling in Florida. Redman has been an lively member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com Information in regards to the disruptive protocols rising as we speak.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct provide or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, providers, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, straight or not directly, for any injury or loss induced or alleged to be brought on by or in reference to using or reliance on any content material, items or providers talked about on this article.

Extra Well-liked Information

In Case You Missed It



Source link

Comments are closed.

bitcoin
Bitcoin (BTC) $ 23,336.25
ethereum
Ethereum (ETH) $ 1,836.42
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 305.85
xrp
XRP (XRP) $ 0.377782
cardano
Cardano (ADA) $ 0.538077
binance-usd
Binance USD (BUSD) $ 1.00
solana
Solana (SOL) $ 40.55
dogecoin
Dogecoin (DOGE) $ 0.080454
polkadot
Polkadot (DOT) $ 8.41
shiba-inu
Shiba Inu (SHIB) $ 0.000015
staked-ether
Lido Staked Ether (STETH) $ 1,787.88
avalanche-2
Avalanche (AVAX) $ 25.69
dai
Dai (DAI) $ 0.999623
matic-network
Polygon (MATIC) $ 0.887505
tron
TRON (TRX) $ 0.068257
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 23,319.25
ethereum-classic
Ethereum Classic (ETC) $ 40.71
okb
OKB (OKB) $ 20.76
leo-token
LEO Token (LEO) $ 5.32
litecoin
Litecoin (LTC) $ 60.34
ftx-token
FTX (FTT) $ 30.08
near
NEAR Protocol (NEAR) $ 4.99
chainlink
Chainlink (LINK) $ 8.13
crypto-com-chain
Cronos (CRO) $ 0.144092
uniswap
Uniswap (UNI) $ 7.96
cosmos
Cosmos Hub (ATOM) $ 11.74
stellar
Stellar (XLM) $ 0.121394
monero
Monero (XMR) $ 168.23
flow
Flow (FLOW) $ 2.59
bitcoin-cash
Bitcoin Cash (BCH) $ 134.20
algorand
Algorand (ALGO) $ 0.341866
aerarium-fi
Aerarium Fi (AERA) $ 7.12
filecoin
Filecoin (FIL) $ 8.15
vechain
VeChain (VET) $ 0.029302
apecoin
ApeCoin (APE) $ 6.03
internet-computer
Internet Computer (ICP) $ 7.41
chain-2
Chain (XCN) $ 0.083332
decentraland
Decentraland (MANA) $ 0.973969
the-sandbox
The Sandbox (SAND) $ 1.22
hedera-hashgraph
Hedera (HBAR) $ 0.074072
tezos
Tezos (XTZ) $ 1.87
axie-infinity
Axie Infinity (AXS) $ 17.02
eos
EOS (EOS) $ 1.48
quant-network
Quant (QNT) $ 110.60
frax
Frax (FRAX) $ 0.999428
aave
Aave (AAVE) $ 101.78
lido-dao
Lido DAO (LDO) $ 2.49
theta-token
Theta Network (THETA) $ 1.39
Shares