VANCOUVER, BC, Dec. 8, 2021 /PRNewswire/ — USA News Group – In a small Texas city of solely 5,600 folks, a territorial battle is being waged over what is probably going set to be the Bitcoin (BTC) mining capital of the world. The combatants are none aside from Bitdeer (a spin-off of Chinese language bitcoin mining big Bitmain), and Riot Blockchain, Inc. (NASDAQ:RIOT), each jostling over market share and positioning inside an space of low-cost electrical energy, in a constructing previously occupied by Alcoa. Ever since China put a halt to crypto actions inside its borders, focus is being given to operations in North America, making the US now the official prime vacation spot for miners, together with Dogecoin (DOGE) miner and livestreaming platform Whats up Pal Worldwide Inc. (CSE:HP) (OTCQB:HLLPF), in addition to BTC miners BIT Digital (NASDAQ:BTBT), Bitfarms (NASDAQ:BITF), and Greenidge Era Holdings Inc. (NASDAQ:GREE).
Headquartered in Vancouver, Canada, Whats up Pal Worldwide Inc. (CSE:HP) (OTCQB:HLLPF) just lately announced the relocation of its crypto mining rigs to North America. The transfer got here after strategic seek for safe new places for his or her newly acquired ASIC miners.
Whats up Pal is ready to re-house their Bitmain Antminer L7 Machines that are ranked among the many Top 5 most profitable miners and are probably the most worthwhile DOGE miner on accessible.
“We anticipate that the relocation of our mining operations to North America will set us up for long run stability in our crypto-mining operations,” stated KL Wong, Founder and Chairman of Whats up Pal. “In flip, this can present us a strong base to execute our plans of integrating crypto into our social networking core enterprise.”
An intensive evaluation of optimum international mining places led Whats up Pal and their companions Shanghai Yitang Knowledge to determine upon transferring most of their rigs in New York State, the place all places are set to make use of clear renewable vitality (hydro-powered).
Every of the brand new mining rigs shall be shipped on to the NY services by Bitmain, which is predicted to be in November and/or December this yr. Whats up Pal can be persevering with to promote its current Antminer L3+ mining rigs in China and utilizing the proceeds to buy model new Antminer L7 fashions, which shall be housed in North America.
The announcement got here inside every week of Whats up Pal announcing file quarterly revenues, the vast majority of which got here from cryptocurrency mining.
“We’re more than happy to see the progress now we have made as a Firm, and imagine that the outcomes are evident within the monetary figures,” stated Wong. “We’re notably excited within the continued internationalization of our enterprise, as mirrored in our growth of livestreaming providers outdoors China and the mixing of cryptocurrency into our platform by our newly launched crypto-mining operations.”
In the meantime, down in Texas at its Whinstone Facility, Riot Blockchain, Inc. (NASDAQ:RIOT) just lately announced its October 2021 manufacturing of 464 BTC—an ~433% improve over its 87 BTC manufacturing in October 2020.
To date in 2021, Riot has said its year-to-date manufacturing whole being 2,921 BTC—representing a rise of roughly 257% over its BTC manufacturing throughout the identical interval in 2020 which yielded 818 BTC.
The miner just lately accomplished a $54 million buy order with Bitmain (the identical firm that spun out its neighbors Bitdeer) for 9,000 S19j Professional (100 TH/s) miners, which are anticipated to be delivered Could 2022 by October 2022. Shipments of 11,500 S19J Professional Antminers below earlier buy orders are additionally anticipated to be shipped to Riot‘s Whinstone facility in November 2021.
Additionally awaiting new miners is BIT Digital (NASDAQ:BTBT), which in October announced an settlement to purchase 10,000 machines from Bitmain. The introduced purchases are anticipated to extend Bit Digital’s miner fleet hash price by over 1.0 Exahash (“EH/s”).
“By contracting for these Bitmain models, now we have opened a brand new channel in our procurement technique, diversifying our entry to miners,” stated Bryan Bullett, CEO of Bit Digital. “Whereas we imagine we proceed to take pleasure in differentiated entry to the miner spot market, and anticipate to proceed our ongoing spot purchases, our take care of Bitmain is an environment friendly means to acquire a big quantum of latest miners on engaging phrases. That is key, as we imagine that scale is paramount in significance within the bitcoin mining enterprise.”
There’s not solely a race for machines, but additionally for energy. Bitfarms (NASDAQ:BITF) recently announced the acquisition of 24 Megawatts (MW) of Hydro Energy in Washington State, USA, and its getting into right into a memorandum of understanding (MOU) to develop that as much as 99MW.
The announcement marks the primary entry of Bitfarms into the United Statess, because the Ontario-based firm plans to accommodate roughly 6,200 Bitmain S19j Professional miners within the facility.
“The Washington farm meets all these standards,” stated Emiliano Grodzki, CEO of Bitfarms. “With this acquisition, we enter america and proceed our international growth to 10 farms in operation or below improvement in 4 international locations. The preliminary 24 MW acquisition will improve our whole mining capability to 106 MW and enhance our whole hashrate as extra miners are put in.”
To not be outdone within the race to make good enterprise relations with Bitmain, Greenidge Era Holdings Inc. (NASDAQ:GREE) just lately announced a deal to be the preliminary international launch buyer for the state-of-the-art ANTMINER S19 XP, which is claimed to be roughly 27% extra environment friendly than any BTC mining know-how at the moment accessible.
“We’re excited to be chosen as a launch companion for this newest launch from Bitmain,” stated Greenidge’s CEO Jeff Kirt. “The ANTMINER S19 XP demonstrates a step-function improve in effectivity for our trade, and we’re excited to deploy this subsequent technology know-how at one among our 100% carbon-neutral services.”
The ANTMINER S19 XP has 21.5 joules/TH of effectivity in comparison with Bitmain’s earlier S19 Professional know-how of 29.5 J/TH. The models will eat 27% much less vitality per terahash and can ship 37% extra computing energy per kilowatt hour than present know-how. The order is ready to be delivered in Q3 2022, after which Greenidge intends to deploy them to a facility to be developed both in South Carolina or Texas.
For Extra Data please go to: https://usanewsgroup.com/2020/11/16/live-streaming-is-taking-the-market-by-storm/
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