Quick Mining Update
Canadian company Hive Blockchain Technologies ordered an additional 6,500 bitcoin ASIC miners from Canaan
The company previously bought over 10,000 units throughout this year
HIVE currently has approximately 1.2 Exahash per second (EH/s) of Bitcoin mining capacity, and with this new purchase, HIVE's Bitcoin ASIC pipeline will be at 2 EH/s by December 2021, and 3 EH/s by March 2022. Statement from Executive Chairman, Frank Holmes
Back in June 2021, Canaan had just begun deploying their latest Avalon Miners and also announced that they’d be attempting to expand its business scope- starting by deploying a crypto mining operation in Kazakhstan. -View full article by Sebastian Sinclair, Greg Ahlstrand
China update
Huobi, a major cryptocurrency exchange in China, has completely shut down futures, contracts and other derivatives functions for all Chinese users, as planned. They originally decided on these plans late September 2021 after the Chinese government’s Bitcoin and other crypto related bans. Many other crypto exchanges have also withdrawn operations from China.
According to previous announcements, Huobi, China's largest exchange, will today completely shut down futures, contracts and other derivatives functions for all Chinese users. https://t.co/TNx4CvrzJ7
— Wu Blockchain (@WuBlockchain) October 29, 2021
