Text | Edited by Peter Pan | Produced by Tong | PANews
With the gradual shutdown of mines in various parts of the country, the collective computing power of many mining pools with a Chinese background has plummeted. At the same time, after the most significant reduction in the difficulty of Bitcoin mining, some miners still choose to wait and see and expect a turnaround in the policy, but otherwise Some miners have begun to leave overseas for the other side of the ocean.
At the time when Bitcoin mining was de-Chinese, many overseas mining companies also began to take advantage of the momentum, buying mining machines or setting up mines, and began to "pick up missing items" in full swing. In this article, PANewsWe will take stock of some of the latest developments of leading overseas mining companies after China's mining supervision and since the beginning of this year。
After sorting out, it is found that the development of overseas mining enterprises can be roughly divided into three stages:Transform mining from early enterprises in other fields, to accompanyThe Accelerated Development of Crypto Mining, The mining wave broke out and enjoyed the dividends of development, more and more mining companiesPresenting "get together" in North Americasecondary title
USA
1. Marathon Digital Holdings
Marathon Digital Holdings isListed on NASDAQA cryptocurrency mining and digital asset technology company, formerly known as "Marathon Patent Group", is a patent acquisition company. Marathon was established in 2010 and changed to its current name in 2013. It began to focus on digital asset mining. It currently holds about 5,518 BTC and operates a proprietary data center in Hardin, Montana, USA.
As of June 2021, Bitmain has delivered approximately 16,809 S19 Pro ASIC mining machines to Marathon's mining facility in Harding, generating approximately1.9 EH/ssecondary title
2. Riot Blockchain
Riot Blockchain, formerly known as a biotechnology company in the United States, was established in 2007Listed on Nasdaq, after several failed business attempts in the biological field, it acquired a Canadian blockchain company in 2016 and purchased a batch of cryptocurrency mining machines to enter the encryption market.
Currently, Riot's total computing power reaches1.6EH/s, the total load is about 56,000 kilowatts. At the end of May this year, Riot announced the acquisition of Whinstone, a US bitcoin mining infrastructure company located in Rockdale, Texas. This is the largest bitcoin mining and hosting facility in North America. The factory covers an area of more than 600 acres. about300,000 kilowattsload.
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3. TeraWulf
TeraWulf is a bitcoin mining company in the United States. The team is composed of a group of people with more than ten years of experience in the energy industry. It represents a new paradigm of encryption mining and aims toMining by using more than 90% zero-carbon energy，Mainly hydropower, nuclear energy and solar energy。
Lake Mariner Mining, TeraWulf's hydroelectric mine on the shores of Lake Ontario, Canada, has been granted90,000 kilowattsload, the future demand will exceed 500,000 kilowatts. In addition, the Bitcoin mine jointly built by TeraWulf's nuclear energy mining company, Talen Energy Corporation, and Nautilus Cryptomine will also become one of the largest and most efficient mines in North America. It is expected that by April 2022, the joint venture mine will reach 10 10,000-kilowatt load.
On June 26 this year, TeraWulf announcedMerged with Ikonics, a Nasdaq-listed company, and went public in a disguised form. According to a statement released, the two companies have reached an agreement to merge into a new holding company "TeraWulf". TeraWulf aims to mine Bitcoin with more than 90% zero-carbon energy. In addition, it has orders for more than 60,000 miners, which will provide it with 50,000 kilowatts of mining capacity.
On June 30, TeraWulf also stated that it has signed a mining machine order with Bitmain, and plans to purchase 30,000 ant mining machines S19j Pro from the latter.secondary title。
4. Core Scientific
Core Scientific is a blockchain network infrastructure service provider and artificial intelligence company in the United States.The only authorized Bitmain repair center in North America. The current total load reaches550,000 kilowatts。
At the end of April, according to CoinDesk, Core Scientific purchased 112,800 ASIC bitcoin mining machines from Bitcoinland. It is reported that the order will besecondary title。
5. Blockcap
Blockcap is a cryptocurrency mining company in the United States, headquartered in Texas, owned by a leading mining company in North AmericaFounded by former Core Scientific executive Darin Feinstein, since its establishment in 2020, has become one of the largest bitcoin mining companies in North America.
On June 12 this year, Blockcap announced the purchase of 12,000 Antminer S19 mining machines at a total cost of more than $33 million. This is another major acquisition of Blockcap this year. Earlier this year, it just purchased 10,000 Antminer S19 mining machines, doubling its total computing power.
It is estimated that by the fourth quarter of 2021, the total number of mining machines deployed by Blockcap will increase to more than 40,000 units, and the total computing power will exceed 3.5 EH/s, more than three times the current computing power of 0.95 EH/ssecondary title
6. Bit5ive
Bit5ive is an encryption mining service provider in the United States, providing major mining machine sales, custody and maintenance services, and also provides cryptocurrency mining solutions for large financial institution customers and private investors. Founded in 2013 in Doral, Florida, Bit5ive established its first mining farm in Miami, then moved to POD5ive’s GEN-1 data center in 2017 and currently owns100,000 kilowattsload, the total computing power has reached2.28 EH/s。
It is worth mentioning that BIT5IVE isBitmain's official distributor in Latin America and the Caribbeansecondary title
Canada
7. Hut8 Mining Corp
Hut 8 Mining Corp is a Canadian cryptocurrency mining and blockchain infrastructure company located in energy-rich Alberta, Canada. It was listed in October 2019 and isThe first miner to list on the Toronto Stock Exchange and the first Canadian miner to list on the Nasdaq Global Select Market. On June 15 this year, Hut 8 announced that it had completed its public offering with a total of 23 million common shares issued on the Nasdaq Global Select Market.
It is worth mentioning that Hut 8 (Hut No. 8) was a place where important documents of the Axis countries were decoded in Bletchley Park, England during World War II, where Alan Turing, the "father of computer science", cracked He invented the famous German encryption system Enigma and helped the Allies win World War II.
On June 29 this year, Hut8 stated that it held approximately 3,806 bitcoins on its balance sheet, up from 3,271 at the end of March, an increase of 535 bitcoins in less than three months;It is expected that this number will increase to about 5,000 by the end of the year, and the company's mining computing power will also expand from the current 1.2 EH/s to about 2.5-3.0 EH/s, will expand to about 6 EH/s by mid-2022.
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8. Bitfarms
Founded in 2017, Bitfarms is a mining company in Canada. After two years of accelerated development, itListed on the Toronto Stock Exchange in July 2019. At the same time, Bitfarms is one of the largest cryptocurrency mining business operators in North America. It has 5 computing centers in Quebec, Canada, with a current total load of69,000 kilowatts, the total computing power reaches1.42EH/s, and 99% of mining energy comes from hydropower.
Since its inception, Bitfarms has mined over 11,300 bitcoins. Additionally, Bitfarms’ hashrate is experiencing its fastest growth ever and is expected to more than double by the end of the year as China begins to ban bitcoin mining.
On June 21, Bitfarms announced its listing on Nasdaqsecondary title
9. Hive Blockchain
Hive Blockchain is a Canadian cryptocurrency mining company. It completed the acquisition of a digital currency data center operating in Iceland in May 2017 and started mining operations.Listed on the Toronto Stock Exchange in September of the same year. Currently, Hive has green energy data center mining facilities in Canada, Sweden and Iceland, with a total load of about 50,000 kilowatts.
Among them, in Quebec, Canada, HIVE has a cryptocurrency mining business with a 30,000-kilowatt load provided by green energy; in Sweden, it has a GPU facility completely powered by hydropower with a capacity of 17,000 kilowatts. Custom GPU rig for mining Ethereum; mining load in Iceland is 4 kilowatts.
On June 18 this year, HIVE expanded a mining infrastructure with a capacity of 4,600 kilowatts in the town of Robertsfoss, Sweden, so that its total load in Sweden exceeded 33,000 kilowatts, and the total global load exceeded133,000 kilowatts. June 29,Hive announces approval from Nasdaqfirst level title
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10. Argo Blockchain
U.K.U.K., with mining operations in strategic areas of North America,Listed on the London Stock Exchange in August of the same year, and the only cryptocurrency mining company listed on the London Stock Exchange, mainly mining Bitcoin and Zcash.
Mirabel is Argo's first mine, located in Quebec, Canada, with an area of about 2.8 acres and a load of 5,000 kilowatts. Baie Comeau is another 5.6-acre mine located in northern Quebec, with a load of 15,000 kilowatts, hosted and managed by partner GPUone. Argo mainly conducts mining in mature jurisdictions in North America, mostly hydropower, and the current computing power has reached1.075EH/s, the total load at45,000 kilowattsleft and right, and are still looking for adaptable and more efficient data centers.
On June 30 this year, Argo announced that it had received a 14 million euro ($19.4 million) loan from Galaxy Digital in a six-month loan agreement. Construction of data center in the west of Sri Lanka.
In addition, on July 6, Argo announced its operation and strategic plan for June, saying that a total of 167 bitcoins were dug out in May, with a mining income of 4.36 million pounds (about 6.03 million U.S. dollars), and a mining profit rate of 78%. %. And from the beginning of the year to the present, Argo's total mining income is 883 bitcoins,By the end of June, 1268 bitcoins were held. In addition, Argo is also exploring the possibility of a secondary listing on Nasdaqsecondary title
11. Genesis Mining
Genesis Mining is one of the largest and most experienced bitcoin mining companies in the world,Registered in Hong Kong, since 2013, the company has built more than 20 industrial-scale mines around the world. Currently, the Genesis total load exceeds140,000 kilowatts, the total computing power exceeds2EH/s。
On June 16 this year, Genesis Digital Assets, a subsidiary of Genesis Mining, announced the purchase of 10,000 Avalon A1246 or A1166Pro mining machines from Canaan Technology, and the order will be completed by the end of June. Prior to the end of April, Genesis and Canaan Technology signed a $93.63 million order for Avalon mining machines.
As enterprises in other fields transitioned to mining in the early stage, and enjoyed the dividends of development with the accelerated development of encrypted mining and the outbreak of mining tide, more and more mining enterprises showed a trend of "clustering" in North America, and the top The number of mining companies is mostly in the United States.
In general, the development of overseas mining enterprises can be roughly divided into three stages:
Before 2017,In the early stage of the industry, there were few industrial-scale mining companies such as Genesis Mining, and later some listed companies in other fields (such as: Marathon Digital Holdings, Riot Blockchain) faced the decline of their original business, and passively transformed into the encryption field and began to participate in Bitcoin mining.
From 2017 to 2018, Bitcoin was in a bull market, attracting more people's attention, more and more companies entered the mining industry, and the development of cryptocurrency mining was accelerated. at the same time,Mining companies in this period also developed rapidly and completed listing in a short period of time.. (eg: Bitfarms, Hive Blockchain, Argo Blockchain, etc.).
Since 2020, the wave of cryptocurrency mining has broken out, and at the same time, some companies in the IT and Internet industry have begun to enter the market. This phenomenon is also related to the start of the Bitcoin bull market in 2020 and the rise in currency value. For example, on June 17 this year,Estonian IT company BurfaAnnounced the signing of a $26 million cryptocurrency mining agreement with Bitmain, intending to purchase new cryptocurrency mining equipment from Bitmain to increase its data center capacity and start cryptocurrency mining.
