Northern Data’s Bitcoin Mining Fleet Adds 21,000 ASIC Rigs, Firm Holds $168M in Crypto Assets

On April 4, the bitcoin mining operation Northern Knowledge revealed its monetary statements and famous that the corporate’s mining fleet had grown by roughly 21,000 machines by the top of March 2022. The newly added machines elevated the corporate’s hashrate from 2 exahash per second in February to three.95 EH/s by the top of March.

Northern Knowledge Provides Hundreds of New ASICs to the Mining Fleet, Hashrate Doubles

In line with an audit report revealed by KPMG, the bitcoin miner Northern Knowledge has seen progress throughout the previous couple of months. Northern Knowledge’s monetary statements observe that the agency added 21,000 new ASIC mining rigs to the corporate’s fleet of units.

The newest addition brings Nothern Knowledge’s whole variety of ASIC rigs to 43,500 machines. Northern Knowledge explains that the added machines resulted in elevated hashrate as they added 1.95 EH/s to the agency’s 2 EH/s capability.

Northern Knowledge says 21,700 are hosted machines and the remainder of the miners are devoted to the corporate’s personal account. “By the top of the yr, a complete of greater than 100,000 ASIC programs are anticipated to be in operation, representing roughly 9.3 EH/s,” Northern Knowledge defined in a press launch. “The majority of those ASIC programs are already paid for,” the agency added. 

223,000 GPUs Operational, Agency Holds $168 Million in Bitcoin and Ethereum

Along with ASIC mining rigs devoted to mining bitcoin (BTC), Northern Knowledge is mining ethereum (ETH) as properly. “223,000 GPUs are operational for the reason that finish of final yr,” the agency defined on Monday. “A complete of 5,031 ETH have been generated in March 2022,” Northern Knowledge’s monetary assertion exhibits.

In March, the corporate mined 286 BTC and 5,031 ETH, which brings the agency’s crypto holdings to 1,000 BTC and 35,200 ETH. On the finish of March, Northern Knowledge disclosed that the corporate has expanded as properly, to a complete of 12 information facilities throughout the globe. Furthermore, the corporate goals to work in Tulsa, Oklahoma in 2024.

“Northern Knowledge entered right into a partnership with the State of Oklahoma and power supplier Grand River Dam Authority (GRDA) and plans to construct an information heart web site within the neighborhood of Tulsa for round 70,000 ASIC programs by the top of 2024,” the corporate’s monetary assertion concludes.

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