Blockchain company HIVE will launch 200PH cloud mining equipment and produce digital currency in September
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According to cryptovest, Canadian blockchain company HIVE Blockchain Technologies announced on August 15 that it will launch a 200 Petahashes (PH) cloud mining device in September this year under an agreement with Genesis Mining. The cloud mining infrastructure reportedly allows HIVE to benefit from lower operating costs compared to large-scale facilities built and managed in Sweden. It also gives HIVE the flexibility to set up the upcoming mining equipment in a favorable region, which is expected to be located at an existing facility in North America. The new cloud mining installation will begin producing digital currencies on September 30 this year. |
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