Blockcap Surpasses 50,000 Bitcoin Miners, Adds Ethereum Miners

AUSTIN, Texas, May 3, 2021 /PRNewswire/ — Blockcap Inc. (“Blockcap”), one of many largest blockchain know-how corporations in the United States, introduced immediately it has acquired an extra 8,000 latest-generation miners that can deliver its whole variety of deployed and absolutely operational bitcoin mining machines to greater than 50,000 by the tip of subsequent 12 months. Underscoring the corporate’s aggressive progress posture, the transfer additionally coincides with an announcement it’s accelerating its mining of further digital property, together with the world’s second-largest digital foreign money by market capitalization, Ethereum. 

The acquisition of the brand new miners is the newest in a string of large-scale purchases made by the Austin-based firm. As a part of its technique of turning into a key world participant in digital asset know-how, furthermore, Blockcap is also asserting purchases of equipment for altcoins. The firm has made a large-scale buy of Ethereum mining rigs, to be delivered within the fall of 2021. When absolutely operational, these miners will account for 1.229 terahashes, or an estimated 0.21 % of the complete Ethereum Network.

Blockcap’s executive chairman and founder, Darin Feinstein, cited the corporate’s technique to proceed increasing into different digital property as key to the agency’s mission of constructing the United States a worldwide chief in shepherding blockchain know-how into the mainstream.  

“Blockcap’s progress technique is concentrated on bringing varied peer-to-peer digital property on to the individuals who will make the most of them to enhance their lives,” Feinstein stated. “We attempt to contribute to the essential infrastructure needed for mass adoption of those digital asset applied sciences so folks can take part extra absolutely within the world monetary system. Currently, there are over 1.7 billion folks world wide with no entry to banking, and the rise of those digital asset networks will make monetary merchandise extra inclusive and accessible to each particular person.”

Blockcap at the moment fields a fleet of roughly 12,176 absolutely operational machines. Since its founding final 12 months, the corporate has mined greater than 1,700 bitcoin. In the primary quarter of this 12 months alone, Blockcap mined 544 bitcoin.

About Blockcap
Blockcap, Inc. (the “Company” or “Blockcap”) headquartered in Austin, Texas, was based by blockchain business veterans which were within the house for practically a decade. The Blockcap mining division operates one of many world’s largest bitcoin mining operations, accounting for 0.7 % of all of the Bitcoin community transactions. In addition to mining operations, the corporate operates two different divisions – digital treasury property and enterprise investments. Blockcap’s mining fleet at the moment makes use of Core Scientific’s best-in-class co-location mining services based mostly in the United States.

For extra info, go to https://www.blockcap.com/ or contact (833) 901-BLOC toll-free.

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SOURCE Blockcap

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