Hive Blockchain Buys, Deploys 1,240 Bitcoin Mining Machines, Nearly Doubling Hash Power
The Vancouver firm is targeting 1,000 PH/s in the next 12 months.
The firm announced its pivot to mining in January.
The ASICs are set to be deployed in Blockstream facilities through the U.S. and Canada.
The company expects the miners to increase its hashing capacity to 8.0 exahashes from its present 1.0 EH once all are operational.
The new machines will add 475 PH/s to Hut 8's hash power.
Miners are “scrambling” for any available machines as manufacturers stay sold out.