The first shipment would take place in January 2022, and will be followed by monthly shipments with the last batch of mining rigs scheduled to arrive by December 2022.
An unidentified client for BitRiver has recently shipped roughly 20,000 ASIC miners into the firm’s block reward mining facility in Siberia.
The South Korea tech giant is reportedly looking at investing upwards of $10 billion to build its most cutting edge logic chip producing plant in the United States.
The company plans to use the proceeds from this recent capital raise to pay for the ASIC miners it ordered from Bitmain Technologies Inc.
The hardware manufacturer designed the Avalon Immersion Cooling Miner A1066I to be noiseless and eco-friendly.
Bitmain is intentionally delaying the shipment of its ASIC hardware from its Shenzhen factory, according to reports.
NASDAQ-listed Canaan Creative has released two new ASIC mining rigs, which offer lower hash power compared to its competitors.
The atmosphere around the upcoming Bitcoin halving is different, as many in the ecosystem fear it will negatively affect the long-term value of the digital currency.
Canaan Creative is equipping its crypto mining products with TSMC’s 5nm chip in the first quarter of 2020.
Police in the city of Tangshan, Hebei, seized 6,890 cryptocurrency mining machines illegally consuming electricity.
Bitmain is launching three new strategies consisting of installment payment, option hedging, and joint mining to help customers begin mining BTC in advance of the halving.