Blockcap plans to deploy 50,000 miners by the end of 2022

The American mining company Blockcap announced that it has purchased 8,000 Bitcoin mining devices and plans to deploy 50,000 miners by the end of 2022.

The company’s fleet currently comprises 12,176 devices. It generates more than 6.6 BTC per day (~$372,000 at the rate at the time of writing).

In the autumn of 2021, Blockcap expected deliveries of Ethereum mining equipment. Once commissioned, its total hashrate would stand at 1,229 TH/s.

Earlier Blockcap attracted $75 million from Foundry Digital and Off The Chain Capital to expand its Bitcoin mining fleet.

In March 2021 the company became a client of the Foundry Digital mining pool, a subsidiary of Barry Silbert’s Digital Currency Group. Later Blockcap announced plans to open a headquarters in the state of Texas.

In April, Bitcoin miners’ revenue from fees rose by 47% month-on-month — from $167.2 million to $247 million. Despite this, total inflows declined by 3%.

Bitcoin’s hashrate in April rose 8.9%. After the drop in the indicator due to outages in Sichuan, China, the block interval matched the peak levels seen in November 2020.

As reported on April 27, Bitmain’s AntPool led in hash rate over a 24-hour window.

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