Hive Purchases 4,000 Bitcoin Mining Machines From Canaan
Cryptocurrency mining company Hive Blockchain has ordered 4,000 bitcoin mining machines from manufacturer Canaan.
The order will be completed in two tranches by the end of September, an announcement Tuesday said.
The machines have an aggregate hash power of 272 PH/s. PH/s stand for one quadrillion “peta” hashes per second, a measure of how many calculations a mining machine can compute in one second.
No price has been disclosed for the order, which follows a similar one between the two firms for 6,400 machines completed earlier this year.
Hive Blockchain has data centers in its native Canada as well as in Sweden and Iceland and is traded on Nasdaq, the Toronto Stock Exchange and the Frankfurt Stock Exchange.
