Bitcoin mining company Hive Digital revealed yesterday that it has purchased a stockpile of 4,800 Antminer s19K Pro machines from supplier Bitmain in preparation for the cryptocurrency’s next halving that will take place in April 2024.
The machines have a computing power of 120 TH/s and an efficiency of 23 J/T.
This move, contextualized by Hive’s purchases over the past 6 months, highlights the mining company’s confidence in the digital currency sector, especially in what concerns Bitcoin’s price action between now and the coming months.
Halving will reduce the issuance of BTC by 50% for every block resolved by miners, hence those who are shopping at this time basically believe that the coin’s price growth will be able to make up for this gap.
As well as Hive, there are other leading mining companies that are investing heavily in the medium-term future of the cryptocurrency industry.
See all the details below.
Hive Digital buys 4,800 Bitcoin mining machines ahead of 2024 hal
We współpracy z: https://en.cryptonomist.ch/2023/11/15/bitcoin-mining-hive-digital-increases-supply-halving/
