Add as a preferred source on GooglePowerCompute Expects 600 New Bitcoin (BTC) Miners to Lift Hash Rate by 10%
The 600 S21++ machines are expected to add 80–85 PH/s by mid-December. Third-quarter BTC production rose 36% year over year, and mining margin after curtailment and energy sales was 50.7%.
PowerCompute, Inc. expects 600 new S21++ miners to raise its Bitcoin (BTC) mining hash rate by about 10%, bringing it to roughly 880 petahashes per second (PH/s) by mid-December.
The company paid cash for the machines in November. They are expected to add 80–85 PH/s to its hash rate.
PowerCompute’s third-quarter BTC production rose 36% year over year. Its mining margin after curtailment and energy sales was 50.7%, compared with 29% in the second quarter.
Secured debt remained about 94% below June levels. In September, PowerCompute used Bitcoin holdings to repay an Arch credit facility, bringing secured debt to $1.25 million in a September debt reduction.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.