German Bitcoin mining firm Northern Bitcoin AG today announced that it has signed a purchase agreement to buy 4,475 ASIC miners.
The miner has approached two Chinese mining hardware maker – Cannan Creative and Bitmain – to purchase the machines.
An efficient approach to mine Bitcoin
Though Northern Bitcoin AG’s headquarter is in Frankfurt, the company’s mining sites are established in Norway. According to the company, it operates a sustainable mining operation from green energy generated in the region.
The company has 21 mobile mining containers deployed in the country, generating 55 petahashes per second. With the recent purchase of mining hardware, it is aiming to double its capacity to around 112 petahashes per second.
Commenting on the acquisition, Moritz F. Jäger, CTO of Northern Bitcoin AG, said: “The acquisition of the sought-after hardware is a great success for our company. With the doubling of our mining equipment just a few days after the start of our global scaling, we are setting the pace with which we aim to take a leading position in the fast-growing blockchain industry in the coming years.” Read More at FinanceMagnates...