Blockcap Mines 544 Bitcoin in Q1 2021

Blockcap Mines 544 Bitcoin in Q1 2021

AUSTIN, Texas, April 16, 2021 /PRNewswire/ — Blockcap Inc. (“Blockcap”), one of many largest bitcoin mining and blockchain know-how firms based mostly in the US, introduced immediately that it mined a complete of 544 bitcoin throughout the first quarter of this 12 months. Approaching the heels of a number of large-scale acquisitions of mining equipment by Blockcap, the revelation highlights not solely the speedy progress skilled by the corporate but in addition how its growing capability has surpassed that of opponents in North America.

Since its founding final 12 months, Blockcap has mined greater than 1,600 bitcoin. With a fleet that now numbers roughly 12,176 totally deployed and operational machines, the corporate at present mines greater than six bitcoin per day. Furthermore, the corporate expects to have 43,000 complete mining machines totally deployed and working subsequent 12 months.

Blockcap’s govt chairman and founder, Darin Feinstein, cited the continued progress as a testomony to the corporate’s dedication to turning the US into a significant world hub for blockchain and bitcoin-mining know-how. Through the first three months of 2021, he famous that his Austin-headquartered firm mined extra bitcoin than a number of main North American-based firms. This consists of Riot Blockchain, a publicly traded firm that mined 491 Bitcoin throughout the first quarter of the 12 months, in addition to 165 bitcoin mined in Q3 of final 12 months by Hive Blockchain.

“Blockcap has an aggressive progress technique that’s designed to create extra jobs within the blockchain business not simply in the US but in addition in our dwelling state of Texas and our hometown of Austin,” Feinstein stated. “We’re proud to be competing on this business with quite a few different high-quality corporations, and we imagine there may be ample room for all of us to broaden collectively and in flip present broader, sustained financial progress on the native, state and nationwide ranges.”


Along with increasing mining capability, Blockcap is asserting that it has introduced onto its advisory board Jarvis Hollingsworth, a outstanding legal professional who at present serves as Chairman of the Board of Trustees of the Trainer Retirement System of Texas, a $150 billion-plus pension belief fund based mostly in Austin. A graduate of the United States Navy Academy at West Level and a former U.S. Military captain, Hollingsworth brings unparalleled authorized experience to the corporate. Furthermore, he joins a number of different notable hires and additions to Blockcap’s workforce, together with Saifedean Ammous, a luminary within the blockchain business and creator of the groundbreaking ebook, The Bitcoin Normal.

Along with using blockchain know-how for creating jobs in the US, Feinstein expressed pleasure in regards to the business’s optimistic potential affect not just for on a regular basis Individuals but in addition individuals all world wide. “At present there are roughly 60 million Individuals who haven’t got entry to financial institution accounts and roughly 1.7 billion individuals globally who’re additionally unbanked. And we at Blockcap strongly imagine that the blockchain business as a complete will present these unbanked individuals with the crucial know-how essential for accessing the monetary system.”

About Blockcap Blockcap, Inc. (the “Firm” or “Blockcap”) headquartered in Austin, Texas, was based by blockchain business veterans which were within the area for practically a decade. The Blockcap mining division operates one of many world’s largest bitcoin mining operations, accounting for 0.7 p.c of all of the Bitcoin community transactions. Along with mining operations, the corporate operates two different divisions – digital treasury belongings and enterprise investments. Blockcap’s mining fleet at present makes use of Core Scientific’s best-in-class co-location mining services based mostly in the US.

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Observe Blockcap on LinkedIn.

SOURCE Blockcap

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