Hive Blockchain Applied sciences ordered one other 6,500 Avalon bitcoin mining machines from producer Canaan (NASDAQ: CAN).

  • The order comes after the Canadian firm (NASDAQ: HIVE) purchased 4,000 models in August and 6,400 in January.
  • The most recent buy will push Hive’s bitcoin mining capability to 2 exahash per second by December and three EH/s by March 2022, govt chairman Frank Holmes mentioned in an announcement. The corporate at present has about 1.2 EH/s.
  • Canaan is a China-based producer greatest recognized for its ASIC mining machines that, throughout growth instances, have seen demand skyrocket as extra mining companies try and capitalize on bitcoin’s rising worth.

Learn extra: ASIC Maker Canaan Diversifies Into Bitcoin Mining in Kazakhstan

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