Wu said author | Rebecca

Editor of this issue | Colin Wu

Important News

1. Mawson purchased 17,352 Avalon mining machines and is expected to increase 1.5EH computing power

Mawson Infrastructure Group, a digital infrastructure provider with diversified businesses in Bitcoin mining and digital asset management, announced that it has purchased an additional 17,352 Canaan's latest generation ASIC Bitcoin miners, adding more than 1.5EH of computing power to Mawson's existing operations, which will be deployed in the United States and Australia in 2021 and 2022.

2. DCG Barry: The US Foundry mining pool has ranked first in computing power

Wu said blockchain learned that according to the Twitter of DCG founder Barry, he took a screenshot and said that the Foundry mining pool from the United States has ranked first in the world (computing power). However, according to data from BTC.com, oklink, miningpoolstats, etc., Foundry is still temporarily ranked seventh with a real-time computing power of 9.95EH. However, in the total number of blocks mined in 24 hours by oklink, Foundry ranks second, and the first is an unknown mining pool, so Barry may have cited similar data.

Other News

1. Bitcoin mining company CleanSpark acquires second data center

CleanSpark has acquired a second data center in Georgia, USA for $6.6 million. The acquisition will provide 20 megawatts of additional power, enough to install 6,000 additional S19 miners. The output is expected to exceed 650 PH/s.

CleanSpark said it expects the center to be fully operational by late 2021. The facility is part of Georgia’s Simple Solar Program, which allows CleanSpark to offset any carbon-based energy included in its energy mix with solar power.

2. HIVE Blockchain has ordered more than 1,800 Bitcoin mining machines

On August 13, the publicly traded HIVE blockchain announced that it had ordered 1,800 new Bitcoin mining machines from Bitmain Technologies. The deal is the first in HIVE’s new partnership with Bitmain. The machines will be delivered in six batches of 300 in 2022.

Frank Holmes, Executive Chairman of HIVE, commented: “This acquisition with Bitmain allows us to maintain our strategy to diversify the manufacturers we purchase from. Over the past year, we have been vocal about our concerns regarding the global chip shortage and logistical delays in shipping equipment to Asia due to Covid 19. We have developed deep relationships with Bitmain, MicroBT and Canaan Creative, all of which are top global manufacturers in our industry.”

Bitcoin generated nearly $3 billion in revenue for miners in March and April

Despite price volatility and China's crackdown, Bitcoin generated nearly $3 billion in revenue for Bitcoin miners in April, ETC Group said in its first quarterly market report. Total transaction fees paid to miners increased by more than 750% year-on-year, with $416.6 million paid in the second quarter of 2021, compared to $48.5 million in the second quarter of last year.

4. Elite Mining Inc. reaches a cooperation agreement to provide power for Bitcoin miners

Elite Mining Inc. (EMI) announced on August 13 that it has signed an agreement with Australia and U.S.-based AXP Energy Limited to establish on-site power generation for the country’s large and growing cryptocurrency mining industry.

Elite Mining Inc. uses Immersive Technology and the lowest 2% renewable energy costs in the U.S. to acquire, install, and maintain mining hardware for mining digital currencies. EMI's partnership with AXP enables it to meet the huge demand for Immersive Hosting at 0.0397 cents.

5. Powerbridge (PBTS) expands its blockchain business to engage in cryptocurrency mining

Powerbridge plans to invest and engage in mining Bitcoin (BTC) and Ethereum (ETH) and plans to operate globally. The company has assembled a team of cryptocurrency and technology industry veterans to support the development and growth of its digital asset business.

6. Riot predicts that its computing power will reach 7.7 EH/s by the fourth quarter of 2022

Riot Blockchain predicts that its new facility in Rockdale, Texas, will increase its hash rate capacity to 7.7 EH/s in the fourth quarter of next year. By early September, it is expected to have 25,946 Antminers in operation with an estimated hash rate capacity of 2.6 EH/s.

Non-POW News

1. Decentralized wireless communication network Helium announced the completion of US$111 million in financing, led by a16z.

2. EpiK mainnet is officially launched (UTC+08:00), the testnet has stopped mining, the mainnet seed node has started to be deployed, and the exchange service between ERC20-EPK and mainnet EPK has been started. At the same time, the code on GitHub has been updated, and miners need to recompile the code. Other updates include blockchain browsers, mainnet wallets, etc.

EpiK is committed to integrating IPFS storage technology, token incentive mechanism and DAO governance model in the encryption field into the AI ​​field to realize the construction of human knowledge graph. In early May, it announced the completion of a $5 million institutional round of financing, with participating institutions including: GSR Matrix Fund (Jinshajiang Digital Fund), ChainUP Capital, Spring Fund (1475), Consensus Lab, Arcanum Capital, K24 Ventures, RedBlock, CatcherVC and 7 O'Clock Capital.

3. On August 12, the mainnet of Crust, the leading decentralized project of Polkadot, entered the public access stage and is now open for node joining.

4. Cloud computing platform 4EVERLAND completed a US$1.5 million seed round of financing. Distributed Filecoin Fund, FBG Capital, Bixin Ventures, Mint Ventures, and Random Number Capital participated in this round of financing.

Welcome to read Wu's selected reports: Huobi exclusive report, Binance exclusive report, Bitmain series, supervision and card freezing series, Filecoin series, currency circle chaos exposure, mining farm supervision dynamics, etc.

Risk Warning

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