More than 1,500 of the Intel-powered machines have already been installed across the miner’s facilities in Canada and Sweden and they have met performance targets, the miner said. Hive had initially ordered 13,000 machines to be manufactured in 2022, but reduced the order “to methodically scale the business during the crypto bear market,” according to the Friday press release.
Texas’ Power Grid Needs Larger Increase Than Expected to Handle AI, Bitcoin Mining
Speaking to the Texas Senate Business and Commerce Committee Wednesday, Pablo Vegas, the CEO of the Electric Reliability Council of...