The recent bull run has reinvigorated the cryptocurrency mining industry to a certain degree. Northern Bitcoin, a crypto mining company out of German, has announced that it recently doubled its mining capacity after it purchased 4,475 ASIC (application-specific integrated circuit) mining rigs from two different suppliers. Northern has now gone from being able to mine 57 petahashes per second (PH/s) to about 112 PH/s.
Northern began its move toward expanding mining operations last week. It stated at the time that it had begun scaling its business after launching six new mobile mining containers at a facility in Norway, which was already managing 55 PH/s. That site now has a total of 21 mobile containers.
In a press release about the expanded mining efforts, Northern CEO Mortiz F. Jäger stated, “The acquisition of the sought-after hardware is a great success for our company. With the doubling of our mining equipment just a few days after the start of our global scaling, we are setting the pace with which we aim to take a leading position in the fast-growing blockchain industry in the coming years.”
The hash rate of Bitcoin Core (BTC) has continued to climb and set new records. Yesterday, it broke the 69 quintillion hashes-per-second mark, which is an incredible feat for digital currency. That level has brought other miners back to life, including Plouton Mining, a US-based company that is opening a new plant in California. That facility, which is being built in the Western Mojave, will reportedly be the largest solar-powered installation in North America. It will offer 49 acres of solar panels that will generate 10-13 megawatts of electricity each day.
Northern further offers in its press release, “Northern Bitcoin AG is a technology company focused on the Bitcoin blockchain. It is challenging the status quo of Bitcoin mining and redefining it. As a pioneer, it provides Bitcoin and blockchain technology with a sustainable infrastructure. To this end, it operates its own state-of-the-art mining hardware based on renewable energy sources under extremely cost-efficient and secure conditions as well as a self-developed mining pool. The company is headquartered in Frankfurt am Main.”
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