Bitcoin Miner Stronghold To Acquire 9,080 Rigs

Bitcoin Miner Stronghold To Acquire 9,080 Rigs

  • Bitcoin miner Stronghold has signed separate offers to buy 9,080 rigs.
  • The corporate additionally entered into an equipment-financing settlement with NYDIG for as much as $54 million.
  • “We anticipate to proceed using modest quantities of kit financing,” Stronghold’s CEO stated in an announcement.

Stronghold Digital Mining has entered into agreements to buy 9,080 Bitmain and MicroBT bitcoin mining rigs, the corporate stated in a Monday filing.

Stronghold stated it accomplished the offers because it launched its third-quarter outcomes on November 30. The corporate expects the brand new machines to output a complete of 826 petahashes per second (PH/s) after full deployment. The primary batch, 4,800 rigs that value $37.5 million, ought to arrive by the tip of the yr or in early January.

The remaining 4,280 miners had been secured via a revenue share association with Stronghold’s current companion, Northern Knowledge, underneath “extremely favorable” phrases, it stated. So far, the corporate has both deployed or dedicated to buy greater than 54,000 rigs, with a complete hashrate capability of about 5.2 exahashes per second (EH/s), in response to the submitting.

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