- Cryptocurrency mining giant set to boost their size by around 50%, with new chip purchases.
- The source suggests that the company will be purchasing around 600,000 chips.
Bitmain Technologies, Cryptocurrency mining giant are boosting their size by some 50% over the next six months behind a supreme hardware order as leaked by the nearest source.
It was revealed by the Chinese social media platform, WeChat, the company, will be purchasing around 600,000 mining chips.
According to a source close to the matter with Taiwanese chip designers processing the order, the chips will be the latest updated 7nm variation, the hash rate of which will be 50 tera hashes/second.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.