One of the largest crypto mining firms in North America said that it has acquired an additional 8,000 rigs and begun mining other cryptocurrencies.
In an announcement from Blockcap today, the mining firm said it planned to have more than 50,000 mining rigs online by the end of 2022. Blockcap now controls more than 12,000 mining rigs, generating more than 6.6 Bitcoin (BTC) daily — roughly $380,000 at the time of publication. The firm added it was accelerating its move to mine other cryptocurrencies including Ether (ETH).
According to the firm, the addition of the ETH mining rigs in operation would account for 1.229 terahashes per second, or roughly 0.21% that of the Ethereum network. The more than 50,000 Bitcoin miners, when fully operational, are projected to control roughly 2% of BTC’s current combined hash rate.
“Blockcap’s growth strategy is focused on bringing various peer-to-peer digital assets directly to the people who will utilize them to improve their lives,” said Blockcap executive