{"id":2476,"date":"2022-03-09T15:59:25","date_gmt":"2022-03-09T15:59:25","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=2476"},"modified":"2022-03-09T15:59:25","modified_gmt":"2022-03-09T15:59:25","slug":"bitcoin-miner-hive-to-purchase-intel-mining-chips-firm-reveals-a-100-mw-deployment-deal-in-texas","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=2476","title":{"rendered":"Bitcoin Miner Hive to Purchase Intel Mining Chips, Firm Reveals a 100 MW Deployment Deal in Texas"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p><strong>On March 7, the publicly-listed mining firm Hive Blockchain Technologies announced the company inked a deal with Intel to purchase new ASIC mining chips. Additionally, Hive has formed an agreement with an original design manufacturer (ODM) and a non-binding letter of intent with Compute North. Hive said the company plans to deploy 100 MW of mining capacity to Compute North\u2019s renewable energy facilities in Texas.<\/strong><\/p>\n<h2>Hive to Purchase ASIC Chips From Intel, Aims to Deploy 100 MW in Texas<\/h2>\n<p>The blockchain company and mining operation Hive (TSX.V: HIVE) (Nasdaq: HIVE) has revealed it has entered a supply agreement with Intel Corporation (Nasdaq: INTC). Hive will obtain Intel\u2019s new ASIC mining chips that will be leveraged in custom-built equipment made for the company. The blockchain firm says it has a manufacturing agreement with an ODM that specializes in \u201celectronics manufacturing.\u201d<\/p>\n<p>\u201cHive\u2019s engineering team will draw on its expertise in hardware and software implementation and will work closely with Intel and the ODM partner on the systems integration,\u201d Hive\u2019s announcement notes. \u201cThese miners are expected to be delivered over a period of one year starting in the second half of calendar 2022, the effect of which, if they are all installed, would be an expected increase of up to 95% in our aggregate Bitcoin mining hashrate from 1.9 exahash per second.\u201d<\/p>\n<p>In addition to the deal with Intel, Hive detailed it closed another agreement with Compute North in order to deploy a 100 MW mining center in Texas. Frank Holmes, Hive\u2019s executive chairman, said the Compute North team \u201cshares the same commitment to using renewable energy that Hive has adhered to since its listing as the world\u2019s first publicly traded crypto-miner.\u201d<\/p>\n<h2>Mining Company Holds 2,374 Bitcoin, Hive Joins a Slew of Firms Acquiring Intel Chips<\/h2>\n<p>Hive says that further details about the 100 MW facility will be announced in the future. Last year, Hive purchased a great deal of mining rigs from Canaan and in mid-October it expanded its data center campus in New Brunswick, Canada, with 40 MW of capacity. The same month, Hive acquired another 6,500 mining rigs from Canaan. Hive holds a balance of 2,374 bitcoin (BTC) as of February 28, 2022, and the company produced 244.4 BTC last month.<\/p>\n<p>Moreover, Hive joins firms like Griid, Argo Blockchain, and Jack Dorsey\u2019s Block (formerly Square) that have plans to acquire Intel\u2019s ASIC chips. Intel revealed its new mining chips in mid-February and claimed the circuits will deliver 1,000x better performance than current competitors. Later, at the International Solid-State Circuits Conference (ISSCC) last month, Intel gave the event attendees a sneak peak at the \u2018Bonanza Mine BMZ1\u2019 blockchain accelerator mining chip and the \u2018Bonanza Mine BMZ2\u2019 as well.<\/p>\n<p>Tags in this story<\/p>\n<p>100 MW, 100 MW facility, 2347 Bitcoin, 2374 Bitcoin, Argo Blockchain, ASIC mining chips, Bitcoin, Bitcoin (BTC), Bitcoin mining, Block Inc., BMZ1, BMZ2, Bonanza Mine, Bonanza Mine chip, BTC Mining, Canaan, compute north, Frank Holmes, Griid, hive, Hive Intel, Intel, ISSCC, Semiconductor<\/p>\n<p><em><strong>What do you think about Hive\u2019s plans to purchase Intel ASIC chips and the 100 MW facility in Texas with Compute North? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n<p> Jamie Redman <\/p>\n<p class=\"article__body__author__info__about\">\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.<\/p>\n<p><i class=\"td-icon-font td-icon-twitter\"\/><\/p>\n<p class=\"images_credits\"><em>Image Credits: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<p>More Popular NewsIn Case You Missed It<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/bitcoin-miner-hive-to-purchase-intel-mining-chips-firm-reveals-100-mw-deployment-deal-in-texas\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On March 7, the publicly-listed mining firm Hive Blockchain Technologies announced the company inked a deal with Intel to purchase new ASIC mining chips. Additionally, Hive has formed an agreement with an original design manufacturer (ODM) and a non-binding letter of intent with Compute North. Hive said the company plans to deploy 100 MW of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[1],"tags":[],"class_list":["post-2476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-updates"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/2476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2476"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/2476\/revisions"}],"predecessor-version":[{"id":2478,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/2476\/revisions\/2478"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/2477"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}