Riot Blockchain will consolidate a sum of 37,642 Antminers to duplicate its hashing power. Canada’s DMG will become more potent with an immersion cooling system.
China’scurrent position as a world leader in Bitcoin (BTC) mining did not face a single challenge for the past five years. Still, some businessmen in the United States and Canada seem to be unhappy with the Chinese Nation’s ways.
Now, new signs confirm the industry’s preparation to take off strong in North America. A great movement is on its way to challenge the dominion of cryptocurrency mining traditionally deployed in the Asian country.
China’s Dominion in Bitcoin Mining is now under Threat
The media is arguing that China is under threat due to these resolutions in America. Getting china down from its position as the absolute leader in the mining industry would be a process that might take a long time, maybe years. Still, some plans seem to be very promising due to suggestions of a new beginning in the industry.
One of the most ambitious projects is the Riot Blockchain company, an industry that appears on the United States stock exchange (Nasdaq). It plans to reach a hash rate of 1.6 exahash (EH / s) near the fourth quarter of 2021, once the company launches its 2,002 new S19 Pro Antminers devices.
Riot will now have a total of 11,542 active Antminers to triple its current capacity. However, the company’s plan goes much further.
Riot purchased some 26,100 S19 Pro and S19j Antminers miners from Bitmain, which the manufacturer will ship in groups each month until October of this year. Once fully deployed, the company estimates that it will have a total of 37,642 Antminers in operation to reach a hash rate of 3.8 EH / s.
In the United States, Compute North reported that it closed a round of increased capital for $ 25 million in debt financing. With such a cash flow, the company intends to duplicate its mining capacity, which currently stands at around 920 petahash per second (PH / s).
The company’s focus is on the building and operation of facilities, with unique designs to scale quickly and operate with high profitability. In this way, it permits organizations to maximize their operations regarding cryptocurrency mining or blockchain projects.
Compute North talks about a considerable increase in customer demand due to institutional investors’ interest in bitcoin. Compute North will extend operations to find new spots on which mining equipment could develop activities.
Investment, miners, and Bitcoin domaining North America
Another announcement highlights at the hands of Bitfarms, one of the largest cryptocurrency companies in Quebec, Canada. It consolidated a financing round that will allow the company a new injection of capital in the order of 40 million Canadian dollars (USD 31 million).
This event is the third round of financing in less than two months by the company, which ranks on the TSX Venture Exchange’s list in Toronto. Last month, Bitfarms announced two more rounds of funding, worth $ 20 million each.
By: Jenson Nuñez
