US company Blockcap said that its bitcoin mining capacity would double thanks to the purchase of 10,000 Antminer S19 units from Bitmain, according to The Block.
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The company, founded in 2020, already operates 10,000 working S19s at Core Scientific’s data centre.
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This equipment provides roughly 950 PH/s of hash rate and can mine about 5.5 BTC per day at current mining difficulty.
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The delivery schedule for Blockcap’s order spans March through August 2021. After receiving and deploying the new devices, the company’s hash rate will rise to around 1.9 EH/s.
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Earlier the firm’s partner — Core Scientific — signed a deal with Bitmain for the purchase of more than 58,000 Antminer S19s. The equipment deliveries are scheduled to be completed in September 2021. In December 2020, Marathon Patent Group agreed with the Chinese manufacturer to acquire 70,000 S19.
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Large blocks of equipment are being purchased not only by American but also Chinese and Russian mining firms. The contracts provide for deliveries over several months, through the end of 2021.
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The shortage of available new latest-generation ASIC miners has led to a sharp rise in their prices on the secondary market. Blockcap’s executive chairman Darin Feinstein told The Block that the firm does not participate in price speculation.
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“We are optimistic about Bitcoin’s long-term prospects and do not engage in the resale of equipment,” he stressed.
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Publicly traded mining companies have surged amid Bitcoin breaking the $50,000 mark.
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