Blockcap, one of the largest Bitcoin mining companies in North America, has added more than 12,000 Bitmain Antminer S19s to its portfolio.

The company is currently planning to deploy more than 40,000 bitcoin miners in the fourth quarter and is planning an operating hash rate of around 3.5 Exahish per second, or EH / s, which equates to roughly 2% of BTC’s current combined hash rate of 171.3 EH. … / From.

Blockcap currently mining around six BTC each day.

The company was founded in December 2020 by veterans of the major blockchain firm Core Scientific, with Blockcap claiming to have amassed the assets of five existing mining companies.

After launching nearly 13,000 Antminer S19s and 500 S17 upgrades, Blockcap added an additional 10,000 S19s to its inventory in mid-February, before acquiring 8,400 new-generation Canaanite miners earlier this month. Blockcap estimates that mining hardware in the secondary market is worth $ 270 million.

In a statement, Darren Feinstein, CEO of Blockcap, highlighted the company’s intent to boost retail strength in the United States:

“With this recent hardware acquisition, we are redoubling our mission to become the global leader in mining Bitcoin and other digital assets. We are moving rapidly towards positioning the United States as a global player in this increasingly strategic industry.

Bitcoin miners are increasingly capturing the imagination of traders: Fundstrat analyst Lior Shimron recently indicated that the four largest listed mining companies outperformed BTC with an average of 455% in the past 12 months.

He suggested: “Until the Bitcoin ETF is approved, investors can view publicly traded mining companies as one of the only ways to access Bitcoin.”

Greenidge Generation announced on March 22 that it was planning to go public through a merger with a private buyout company. Greenedge is betting that the stock will trade on the Nasdaq. Most of the company is owned by the private equity firm Atlas Holding and has its own power plant.

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