Canadian Hive Blockchain expands their operation to Sweden

Hive is placing a $110M Bitcoin mining farms in Northern Swede
12 January 2018   832

Hive Blockchain company was created in 2013 by Harry Pokrandt and Olivier Roussy Newton. The company's focus is, obviously, cryptocucrrency mining operations and blockchain development in collaboration with Genesis Mining and Fiore Group. Their current mining farms are located in Iceland. And now Candians plan to expand their mining operations to Sweden.

The reasons for choosing Sweden are pretty obvious to anyone who looks close enough. Cheap Swedish electricity is essential to make a higher profit and cold climate is a good bonus too, if you consider the cooling costs. But one of the main reasons lies in Swedish political climate. Rather liberal regulations allow for mining corp to expand their operations to be ten times bigger than current bitcoin mines located in Iceland. The favorable political situation is also a lot more interesting to investors and clients, who wouldn't have expressed the same interest if the farms were placed in China, for example.

Pokrandt also notes that now the timing is essential for mining. Right now the company is on the rise in stock exchange market, and have to ride the wave of their success, or be swiped under. So the Bitcoin ASICs will be delivered as soon as the construction of the data center is finished, and will be up and running shortly after that.

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   141

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.