Bitmain increases hash rate, purchasing 600.000 mining chips

by in Blockchain News

Bitmain mining chip

The Chinese giant Bitmain allegedly placed an application for the purchase of 600,000 mining chips, which in the future could bring the company an additional $1.2 billion in profit. This was reported by the Block.

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The information came from a source close to TSMC, Taiwan's largest semiconductor manufacturer. According to this information, some of the chips are represented by the latest 7-nm models, giving a hash rate of 50 TH/s.

The publication also says that thanks to the new chips, Bitmain's mining capacity in 6 months could grow by 50%. This can bring the company an additional $1.2 billion in revenue and increase its capitalization to $12 billion.

Note that the total hash of the first cryptocurrency's network continues to update highs and has recently exceeded 80 EH/s.