Bitfury to set up largest mining centre in North America

Hut 8 Mining corp. and Bitfury will set up largest Bitcoin mining datacenters in North America
05 December 2017   1541

Hut 8 Mining Corp. announced on Monday that it has partnered with the Bitfury Group to acquire, install, maintain and operate North America’s largest bitcoin mining datacenters.

Hut 8 is a bitcoin mining company led by CEO Sean Clark that gives shareholders access to the price appreciation of bitcoin and the emerging blockchain economy.

We are excited to partner with Hut 8 to expand our activities in the strategic North America market. We believe there is a tremendous opportunity to establish North America as one of the most important crypto-currency mining hubs in the world.

 

Valery Vavilov

CEO, Bitfury

Under the partnership, Bitfury will provide to Hut 8 a bitcoin mining solution comprised of a proprietary mix of hardware, software, installation and operational services.

Hut 8 intends to scale rapidly during 2018 with installed capacity set to exceed 60 MW. Hut 8 also maintains the exclusive option to get additional datacenters from Bitfury in North America.

Now, Hut 8 is offering approximately 13,200,000 shares on a private placement basis through GMP Securities L.P. Investors have the option of purchasing shares in this private placement round with bitcoin.

Bitfury to Represent Bitcoin Mining Optimization Chip

The product is called Bitfury Clarke ASIC and it's based on five successful generations of mining chips
20 September 2018   131

Bitfury Group introduced a new generation of hardware for bitcoin mining under the control of the integrated microcircuit Bitfury Clarke ASIC.

Five successful generations of Bitfury mining chips are the basis for new Bitfury Clarke ASIC. According to the developers, the new chip has the highest performance characteristics among the bitcoin mining hardware.

14nm Bitfury Clarke ASIC is fully optimized for Bitcoin Mining on SHA256. The hashing capacity is up to 120 Gigahets per second (GH / s) with energy costs of only 55 miljoules per gigahash (mJ / GH). The minimum required mains voltage is 0.3 V.

In addition to selling Bitfury Clarke chips, Bitfury also integrates Bitfury Clarke into other hardware, including its own servers for mining and BlockBoxes, as well as in the mining centers in Canada, Norway, Iceland and Georgia.