{"id":3150,"date":"2022-04-05T10:24:01","date_gmt":"2022-04-05T10:24:01","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=3150"},"modified":"2022-04-05T10:24:03","modified_gmt":"2022-04-05T10:24:03","slug":"northern-datas-bitcoin-mining-fleet-adds-21000-asic-rigs-firm-holds-168m-in-crypto-assets","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=3150","title":{"rendered":"Northern Data&#8217;s Bitcoin Mining Fleet Adds 21,000 ASIC Rigs, Firm Holds $168M in Crypto Assets"},"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 April 4, the bitcoin mining operation Northern Data published its financial statements and noted that the company\u2019s mining fleet had grown by approximately 21,000 machines by the end of March 2022. The newly added machines increased the company\u2019s hashrate from 2 exahash per second in February to 3.95 EH\/s by the end of March.<\/strong><\/p>\n<h2>Northern Data Adds Thousands of New ASICs to the Mining Fleet, Hashrate Doubles<\/h2>\n<p>According to an audit report published by KPMG, the bitcoin miner Northern Data has seen growth during the last few months. Northern Data\u2019s financial statements note that the firm added 21,000 new ASIC mining rigs to the company\u2019s fleet of devices.<\/p>\n<p>The latest addition brings Nothern Data\u2019s total number of ASIC rigs to 43,500 machines. Northern Data explains that the added machines resulted in increased hashrate as they added 1.95 EH\/s to the firm\u2019s 2 EH\/s capacity.<\/p>\n<p>Northern Data says 21,700 are hosted machines and the rest of the miners are dedicated to the company\u2019s own account. \u201cBy the end of the year, a total of more than 100,000 ASIC systems are expected to be in operation, representing approximately 9.3 EH\/s,\u201d Northern Data explained in a press release. \u201cThe bulk of these ASIC systems are already paid for,\u201d the firm added.<\/p>\n<h2>223,000 GPUs Operational, Firm Holds $168 Million in Bitcoin and Ethereum<\/h2>\n<p>In addition to ASIC mining rigs dedicated to mining bitcoin (BTC), Northern Data is mining ethereum (ETH) as well. \u201c223,000 GPUs are operational since the end of last year,\u201d the firm explained on Monday. \u201cA total of 5,031 ETH were generated in March 2022,\u201d Northern Data\u2019s financial statement shows.<\/p>\n<p>In March, the company mined 286 BTC and 5,031 ETH, which brings the firm\u2019s crypto holdings to 1,000 BTC and 35,200 ETH. At the end of March, Northern Data disclosed that the company has expanded as well, to a total of 12 data centers across the globe. Moreover, the company aims to work in Tulsa, Oklahoma in 2024.<\/p>\n<p>\u201cNorthern Data entered into a partnership with the State of Oklahoma and energy provider Grand River Dam Authority (GRDA) and plans to build a data center site in the vicinity of Tulsa for around 70,000 ASIC systems by the end of 2024,\u201d the company\u2019s financial statement concludes.<\/p>\n<p>Tags in this story<\/p>\n<p>21000 machines, 3.95 EH\/s, added exahash, Bitcoin (BTC), Bitcoin hashrate, bitcoin miner, BTC, BTC Mining, EH\/s, ETH mining, Ethereum, Ethereum (ETH), Hashpower, Hashrate, Holding crypto, New ASICs, Northern Data, Northern Data financials<\/p>\n<p><em><strong>What do you think about Northern Data adding 21,000 machines to the company\u2019s fleet of miners? 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\/northern-datas-bitcoin-mining-fleet-adds-21000-asic-rigs-firm-holds-168m-in-crypto-assets\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On April 4, the bitcoin mining operation Northern Data published its financial statements and noted that the company\u2019s mining fleet had grown by approximately 21,000 machines by the end of March 2022. The newly added machines increased the company\u2019s hashrate from 2 exahash per second in February to 3.95 EH\/s by the end of March. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[1],"tags":[],"class_list":["post-3150","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\/3150","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=3150"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/3150\/revisions"}],"predecessor-version":[{"id":3152,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/3150\/revisions\/3152"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/3151"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}