Blockcap to open headquarters in Texas

by in Cryptocurrency News

Texas

Blockcap, a mining company, has announced plans to open its headquarters in Texas and expand its fleet to 42,000 devices to mine the first cryptocurrency.

Blockcap currently generates over six bitcoins a day using approximately 10,000 miners, according to a press release. The current capacity is estimated at 0.95 EH / s.

The company representatives said that after the deployment of all equipment, the hash rate will increase to 3.5 EH / s.

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Blockcap previously raised $ 75 million from Foundry Digital and Off The Chain Capital to expand its Bitcoin mining equipment fleet.

In March 2021, the American company agreed to supply 8,400 devices from Canaan. Before that, she acquired 10,000 Antminer S19 miners from Bitmain.

Recall that Blockcap became a client of the Foundry Digital mining pool, a subsidiary of Barry Silbert's Digital Currency Group.