Austin, TX, May 3, 2021 / PRNewswire / – Blockcap Inc. (“Blockcap”), one of the largest blockchain technology companies in United States, announced today that it has acquired an additional 8,000 of the latest generation of miners, bringing the total deployed and fully operational Bitcoin mining machines to over 50,000 by the end of next year. Highlighting the company’s aggressive growth, the move also coincides with the announcement that it is accelerating the mining of additional digital assets, including the world’s second largest digital currency by market capitalization, Ethereum.
The acquisition of new miners is the last in a series of major purchases made in Austinbased on the company. Moreover, as part of its strategy to become a key global player in digital asset technology, Blockcap is also announcing the purchase of hardware with altcoins. The company has carried out a large-scale purchase of Ethereum mining rigs, which will be delivered in the fall of 2021. When fully operational, these miners will account for 1,229 terahashes, or roughly 0.21 percent of the entire Ethereum network.
Blockcap’s executive chairman and founder, Darin Feinstein, cited the company’s strategy of continuing to expand into other digital assets as key to the firm’s mission of creating United States world leader in promoting blockchain technology to the mainstream.
“Blockcap’s growth strategy aims to provide a variety of peer-to-peer digital assets directly to people who will use them to improve their lives,” Feinstein said. “We are committed to contributing to the critical infrastructure required for the massive adoption of these digital asset technologies so that people can participate more fully in the global financial system. There are currently over 1.7 billion people worldwide without access to banking, and the growth of these networks of digital assets will make financial products more inclusive and accessible to everyone. “
Blockcap currently has a fleet of approximately 12,176 fully operational machines. Since its founding last year, the company has mined over 1,700 bitcoins. Only in the first quarter of this year Blockcap mined 544 bitcoins…
Blockcap, Inc. (The “Company” or “Blockcap”) headquartered in Austin, TXwas founded by veterans of the blockchain industry who have been in space for almost a decade. Blockcap Mining operates one of the world’s largest Bitcoin mining operations, accounting for 0.7 percent of all Bitcoin network transactions. In addition to mining, the company has two other divisions – digital treasury assets and venture capital investments. Blockcap’s mining fleet currently operates Core Scientific’s best-in-class mining facilities located in United States…
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