Media: Bitmain is going to increase the hash rate thanks to the purchase of 600 thousand mining chips

According to The Block , the Chinese giant Bitmain allegedly placed an application for the purchase of 600,000 mining chips, which in the future could bring the company an additional $ 1.2 billion in profit.

Information came from a source close to TSMC, Taiwan's largest semiconductor manufacturer. According to this information, some of the chips are represented by the latest 7-nm models, giving a hash rate of 50TH / s.

The publication also says that, thanks to the new chips, Bitmain's mining capacity in six months could grow by 50%. This can bring the company an additional $ 1.2 billion in revenue and increase its capitalization to $ 12 billion.

Note that the total hash of the Bitcoin network continues to update highs and has recently exceeded the 80 EH / s mark:

Data: blockchain.com

BlockchainJournal previously reported that Bitmain could raise $ 300-500 million through an IPO in the United States.

We also recall that in the first two months of this year, Bitmain suffered a $ 625 million loss . Nevertheless, the company hopes to improve financial results due to the high demand for devices equipped with 7-nm chips.

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