{"id":38456,"date":"2021-03-07T12:27:15","date_gmt":"2021-03-07T10:27:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38456"},"modified":"2025-08-30T04:45:49","modified_gmt":"2025-08-30T01:45:49","slug":"canaan-sells-8400-asic-miners-to-u-s-firm-blockcap","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/canaan-sells-8400-asic-miners-to-u-s-firm-blockcap\/","title":{"rendered":"Canaan Sells 8,400 ASIC Miners to U.S. Firm Blockcap"},"content":{"rendered":"

The U.S. mining company Blockcap announced<\/a> the acquisition of 8,400 Avalonminer 1246 Bitcoin miners from the Chinese manufacturer Canaan.<\/p>\n

The devices are expected to be deployed by the fourth quarter of this year, and the company’s total mining equipment will exceed 30,000 units.<\/p>\n

In February Blockcap bought 10,000 Antminer S19 from Bitmain<\/a>, with deliveries expected to be completed by September. The company estimates that the total value of the equipment it has acquired on the secondary market exceeds $150 million.<\/p>\n

According to the press release, the firm currently operates a fleet of about 10,000 miners generating a hashrate of around 0.95 EH\/s. This enables Blockcap to mine roughly six bitcoins per day.<\/p>\n

The company expects that after installing all of the newly purchased equipment in the fourth quarter its hashrate will exceed 2 EH\/s, representing more than 1% of the total Bitcoin network hashrate.<\/p>\n

Blockcap was founded by former employees of the American blockchain-hosting provider Core Scientific, in whose data centres it houses all of its mining installations.<\/p>\n

Earlier, in December Core Scientific bought from Bitmain more than 58,000 Antminer S19<\/a>. In February the company signed a contract with Canaan for the supply 6,000 units of Avalonminer A1246<\/a>.<\/p>\n

Subscribe to Forklog news on Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

The American mining company Blockcap announced the acquisition of 8,400 Avalonminer 1246 Bitcoin miners from the Chinese manufacturer Canaan.<\/p>\n","protected":false},"author":1,"featured_media":38457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[845,1137,26],"class_list":["post-38456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-canaan","tag-cryptocurrency-mining","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=38456"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38456\/revisions"}],"predecessor-version":[{"id":38458,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38456\/revisions\/38458"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/38457"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=38456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=38456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=38456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}