DMG Blockchain Solutions, a publicly traded bitcoin mining firm, has acquired 3,600 bitcoin mining machines.
The order is expected to boost the Canadian company’s hashrate to over 500 petahashes per second, up from about 140 petahashes. (According to Luxor Tech, the seven-day moving average for Bitcoin’s total hashrate is 144 exahashes per second.) DMG’s stock is down 15% at $1.39 CAD ($1.11 USD) at press time.
The first shipments of these application specific circuit (ASIC) miners – computers designed to perform a single task, in this case, generating hashes to mine bitcoin – will arrive at DMG in August. The company anticipates receiving the order’s final batch.
DMG Purchases 3,600 ASICs in North American Bitcoin Mining Expansion. (2021). Retrieved 19 April 2021, from https://www.coindesk.com/dmg-purchases-3600-asic-bitcoin-miners-north-america