Bitmain to deploy 56,000 miners with partners in Georgia

Bitmain, a manufacturer of mining equipment, by October 2022 will deploy 56,000 Bitcoin miners at a 200 MW data centre in the U.S. state of Georgia. Partners will be Bit5ive and ISW Holdings.

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The first 20 MW tranche will be commissioned by October.

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Based on the stated parameters, the latest AntMiner S19 model with a hash rate of around 100 TH/s is expected. After the deployment of the entire fleet, the joint venture’s total compute power will reach 5.6 EH/s.

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Bitmain will provide ASIC miners. Bit5ive will handle electricity, hosting services and project management. ISW Holdings will duplicate Bit5ive’s functions and provide financing.

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The agreement runs for five years. Total expenditure will amount to $62 million. ISW Holdings has already invested $6 million.

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“After concluding the partnership with Bitmain, we are on the cusp of becoming one of the leading players.”, commented Alonso Pirs, president of ISW Holdings.

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In August, HIVE Blockchain Technologies ordered 1,800 Antminer S19j Pro miners from Bitmain.

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Earlier, Marathon Digital Holdings purchased 30,000 similar devices.

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According to the latest data, the average daily hash rate reached 146 EH/s, which is below the May maximum of 180 EH/s.

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