Hive Blockchain Technologies Ltd. Increases Bitcoin Hash Rate and Mining Efficiency At Recently Acquired Quebec Mining Facility with Second Purchase of Next Generation Miners
June 12, 2020 at 08:30 am EDT
HIVE Blockchain Technologies Ltd. announced that it has ordered 1,090 Bitmain Antminer T17+ SHA 256 mining machines as it continues to scale up next generation mining power at its 30 megawatt capacity, green energy-powered bitcoin mining operation in Quebec acquired in April. Delivery and installation of the new mining equipment is anticipated to occur later this month. Combined with the recently installed 750 Bitmain S17+ Antminer machines operational at its Quebec facility, HIVE estimates its aggregate operating hash rate, specifically from next generation mining equipment at its Quebec facility, will be approximately 118 PH/s by the end of June. This excludes further mining purchases. The cost for the 1,090 T17+ machines was approximately USD 1,000 per unit, or just over USD 1 million, financed through the company's net cash.