Bitcoin miners worth more than $150 million have just been bought up by two firms


Bitcoin mining machines are still in demand by associations.

Two more companies – The9 Limited and Blockcap – have purchased a total of 36,000 bitcoin miners worth greater than $150 million in Bitmain.

Especially, The9 Limited, a Nasdaq-listed Chinese gambling firm, is purchasing 24,000 Antminer S19j machines through its own unit NBTC Limited. The entire price is estimated at about $120 million.

The entire price of this purchase is projected at greater than $33 million – a S19 price approximately $2,800.

Last month, the company purchased 10,000 S19 miners in an attempt to double its hashrate.

With the most recent buy, Blockcap’s total amount of miners have to be set up by Q4 2021 increases to over 40,000. And at the time, its hashrate is predicted to surpass 3.5 exahash per minute (EH/s), over three times its existing hashrate of 0.95 EH/s.

Feinstein stated Blockcap intends to place the U.S. as a worldwide participant in the bitcoin mining area. Presently, China has a significant share of about 65 percent in the distance, although the U.S. has a share of approximately 7 percent, based on tracker Cambridge Centre for Alternative Finance.

The9 Limited’s machines have been scheduled to provide beginning from November 2021, and on the conclusion of deliveriesthat the company is expected to get an extra hash speed of about 2,160 petahash per minute (PH/S).

Officials continue to catch bitcoin miners old and new involving the cryptocurrency’s current price rally. Before this week, Chinese company 500. Com purchased decades machines, such as S9, to climb its bitcoin mining operations. Publicly-traded bitcoin mining company Bitfarms additionally recently purchased 48,000 brand new machines in MicroBT to enlarge its own hashrate.

So far, over ten companies have declared majority pre-orders of all bitcoin miners estimated at greater than $500 million, also since The Block reported lately .