GEM Mining Reaches 1% of Bitcoin’s Hashrate

GEM Mining Reaches 1% of Bitcoin’s Hashrate

GEM Mining, the bitcoin mining firm headed by former South Carolina Gov. candidate John Warren, has elevated its deployed fleet by over 4,000 machines and now homes 13,118 lively mining rigs in keeping with a Wednesday statement.

“We are going to proceed to hunt out alternatives to deploy industry-leading know-how with our premier internet hosting companions,” Warren, CEO of GEM Mining, mentioned in an announcement. “That has been our mission for the reason that firm’s inception and can proceed to be our focus in 2022.”

Warren previously said he based GEM Mining after having noticed “large alternatives” within the mining {industry} final 12 months. The entrepreneur was joined by 4 founding companions to start out the Bitcoin enterprise and has since raised $200 million.

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