Hive Amplifies Bitcoin Mining Might With 7,000 Bitmain S21 Units

The publicly-listed firm Hive Digital Technologies, primarily based in Vancouver, has introduced the acquisition of seven,000 new application-specific built-in circuit (ASIC) bitcoin mining rigs from Bitmain. The ordered Antminer S21 models are slated for arrival from January by June subsequent 12 months.

Hive Digital Expands Fleet With 1.4 EH/s of Hashpower

Hive Digital (Nasdaq: HIVE) has expanded its stock of bitcoin (BTC) mining rigs with an extra buy from Bitmain, following two earlier tranches of S19k Pro miners acquired final month. The firm’s first buy concerned 5,000 S19k models, adopted by a subsequent acquisition of 4,800 S19k Pro models in mid-May.

This newest addition of seven,000 S21 gadgets escalates Hive’s whole orders in latest occasions to 16,800 of the most recent next-generation Bitmain miners. Hive elaborated that upon the set up of the brand new miners, the corporate’s array will boast a mean effectivity of 25 joules per terahash (J/T).

The addition of 1.4 exahash per second (EH/s) of mining energy to its present 6.6 EH/s is anticipated to raise Hive’s capability to a complete of 8 EH/s. This growth follows the agency’s latest technique to enterprise into the realms of synthetic intelligence (AI) and high-performance computing (HPC) applied sciences.

In a transfer to bolster its technological arsenal, Hive has integrated 96 Nvidia H100 graphics processing models (GPUs) into its rising assortment of GPUs. The newest acquisition underscores a interval of intense exercise within the bitcoin mining sector, with quite a few companies securing rigs from outstanding producers like Bitmain and Microbt.

Notably, Cipher Mining has not too long ago added 7.1 EH/s of Bitmain mining rigs to its stock, whereas Riot clinched a deal for 66,560 Microbt ASIC miners earlier this month. Similarly, bitcoin mining entity Cleanspark purchased Bitmain’s new S21 models, and DMG secured 4,550 T21 Antminers in December.

The Bitmain fashions that Hive acquired are air-cooled ASIC devices able to delivering 200 terahash per second (TH/s) of SHA256 hashrate. Each unit consumes 3,500 watts of energy off the wall and boasts an effectivity of 17.5 J/T.

In latest occasions, the bitcoin mining group at massive is bracing for the anticipated halving event slated for the tip of March or April 2024. Incorporating new miners into their present operational fleets units these mining corporations up for a aggressive edge.

This industry-wide mobilization denotes a deliberate pivot in the direction of heightened effectivity and energy. Such strategic preparations assure that, upon the halving’s onset, main mining entities stay geared up to persistently help the blockchain’s safety and integrity by enhanced efficiency and steady growth.

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