- Blockchain industry veterans have announced the launch of a Bitcoin mining operator called Blockcap.
- Blockcap will operate mainly in North America.
- Other Bitcoin mining companies in North America include Riot Blockchain, Hive Blockchain, Hut 8 Mining, and Marathon.
The Bitcoin mining arms race in North America has gotten more competitive, as new entity Blockcap joins the fray.
According to a press release, Blockcap will combine already-existing Bitcoin mining companies for better mining efficiency. It claims to be the largest independent crypto mining operator in North America.
At the time of writing, Blockcap’s mining fleet is near to about 13,000 next-generation Bitmain S19 mining rigs and 500 upgraded S17s. In fact, over 8,442 have deployed, while almost 1,426 are also in the process of being deployed.
Blockcap revealed that it has a hashing power of about 800 Petahashes (PH/s). As the deployment increases, Blockcap aims to reach 1 Exahash (EH/s). Continuously, Blockcap’s operation represents 0.75% of Bitcoin’s overall hashing power.
This year, Blockcap mined 425 BTC. One mining company Riot Blockchain Inc. also reported that it has also mined 222 BTC at the same time. Nonetheless, Blockcap’s gross earnings surpass that of its competitors like Hive Blockchain, Hut 8 Mining, and the Marathon Patent Group.
To do more, Blockcap has again projected another Bitcoin revenue growth.
Blockcap President Peter Novak said,
From the team, we have put together, to our state of the art ASICs, and our top-notch infrastructure partners, we are proud about what we have achieved with Blockcap.
He then added that the company has the necessary resources to boost Blockcap’s mining operations in a much more financially efficient manner. In the coming months, Blockcap will widen its operations and add more sophisticated servers.