Northern Bitcoin company has announced about signing an agreement to buy 5000 mining machines (miners) from Bitmain and Canaan Creative. The CTO of the German firm Moritz F. Jaeger explained the purchase. Equipment is needed to implement a long-term plan for business development based on sustainable energy sources.
Moritz F. Jaeger noted that doubling the amount of mining equipment a few days after the start of global expansion, the company would become the leader in the blockchain industry in the coming years. At this point in time, Northern Bitcoin has platforms in Norway. Сompany representatives stressed that they plan to develop business in other countries.
It’s worth noting that the Bitcoin hashrate has updated the historical maximum at 68,631,992 TH / s. In addition, the complexity of the production of the first cryptocurrency has risen to a record high level. Every day more than 400 thousand transactions go through the cryptocurrency network. The average cost of commissions is $3.6 now.