Home Cryptocurrency News Blockcap Surpasses 50,000 Bitcoin Miners, Adds Ethereum Miners

Blockcap Surpasses 50,000 Bitcoin Miners, Adds Ethereum Miners

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AUSTIN, Texas, Might 3, 2021 /PRNewswire/ — Blockcap Inc. (“Blockcap”), one of many largest blockchain know-how corporations in america, introduced at the moment it has acquired a further 8,000 latest-generation miners that may carry its complete variety of deployed and absolutely operational bitcoin mining machines to greater than 50,000 by the tip of subsequent yr. Underscoring the corporate’s aggressive progress posture, the transfer additionally coincides with an announcement it’s accelerating its mining of further digital belongings, together with the world’s second-largest digital foreign money by market capitalization, Ethereum. 

The acquisition of the brand new miners is the newest in a string of large-scale purchases made by the Austin-based firm. As a part of its technique of turning into a key world participant in digital asset know-how, furthermore, Blockcap is also asserting purchases of equipment for altcoins. The corporate has made a large-scale buy of Ethereum mining rigs, to be delivered within the fall of 2021. When absolutely operational, these miners will account for 1.229 terahashes, or an estimated 0.21 % of the complete Ethereum Community.

Blockcap’s executive chairman and founder, Darin Feinstein, cited the corporate’s technique to proceed increasing into different digital belongings as key to the agency’s mission of constructing america a worldwide chief in shepherding blockchain know-how into the mainstream.  

“Blockcap’s progress technique is concentrated on bringing varied peer-to-peer digital belongings on to the individuals who will make the most of them to enhance their lives,” Feinstein stated. “We try to contribute to the important infrastructure vital for mass adoption of those digital asset applied sciences so folks can take part extra absolutely within the world monetary system. At the moment, there are over 1.7 billion folks world wide with no entry to banking, and the rise of those digital asset networks will make monetary merchandise extra inclusive and out there to each particular person.”

Blockcap at present fields a fleet of roughly 12,176 absolutely operational machines. Since its founding final yr, the corporate has mined greater than 1,700 bitcoin. Within the first quarter of this yr alone, Blockcap mined 544 bitcoin.

About Blockcap
Blockcap, Inc. (the “Firm” or “Blockcap”) headquartered in Austin, Texas, was based by blockchain business veterans which have been within the area for almost a decade. The Blockcap mining division operates one of many world’s largest bitcoin mining operations, accounting for 0.7 % of all of the Bitcoin community transactions. Along with mining operations, the corporate operates two different divisions – digital treasury belongings and enterprise investments. Blockcap’s mining fleet at present makes use of Core Scientific’s best-in-class co-location mining services primarily based in america.

For extra data, go to https://www.blockcap.com/ or contact (833) 901-BLOC toll-free.

Comply with Blockcap on LinkedIn.

SOURCE Blockcap

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