Blockcstream May Buy Mining Equipment From Innosilicon

Total capacity of the hypothetical mining center by Blockstream can reach 80 PH / s.
01 August 2018   210

Blockstream, has imported a large number of mining devices from Innosilicon, China to the United States. Four containers containing 62 trays labeled "TI" were shipped from Hong Kong and arrived on July 26, 2018 at the port of Newark, New Jersey. This is written by Bitcoin.com.

The inscription "TI", most likely, stands for "Terminator from Innosilicon" - ASIC-device for SHA-256 algorithm mining, the latest version of which is sold for 1 118$. If there are 72 mining devices on each of these pallets, it means that Blockstream has in total bought 4,650 "terminators" with a total value of 5.2 million dollars. The company has not yet reported that it plans to open a new mining center, but such a large order hints at a similar development of events. The standard hashrate of terminator is 17.2 TH / s, so the total capacity of the hypothetical mining center can reach 80 PH / s.

Blockstream was founded by Adam Beck, who is still its CEO, Gregory Maxwell, Peter Vulle and others in 2014. It is known mainly for developing practical applications for the Lightning Network.

Innosilicon is, according to the description on the company's website, a manufacturer of low-cost, high-performance and fully customized solutions. The company produces devices like tablets, mobile phones, televisions, cameras, network equipment and so on.

SoftBank to Deny Deal With Bitmain

It is noteworthy that Tencent has not yet commented on the situation
20 August 2018   92

The Japanese media corporation SoftBank came out with an official refutation of its participation in the investment deal with the largest manufacturer of mining equipment Bitmain. This is reported by Cointelegraph.

Information on the participation of Tencent and SoftBank in the financing of Bitmain appeared at the beginning of the month. Then it was reported that Tencent and SoftBank invested $ 1 billion.

Neither the SoftBank Group Corp. nor the SoftBank Vision Fund were in any way involved in the deal.
 

Kenichi Yuasa

Corporate Communication Office, SoftBank Group Corp.

It is noteworthy that Tencent has not yet commented on the situation.

According to the chief strategic director of Blockstream Samson Moe, Bitmain is increasing the pace of financing due to unsatisfactory financial results of the second quarter. He estimates the company's losses at $ 600-700 million.

Bitmain plans to leave on IPO already in September. Estimates of the volume of future investments vary from $ 3 billion to $ 18 billion.