Blockcap Mines 544 Bitcoin in Q1 2021

AUSTIN, Texas, April 16, 2021 /PRNewswire/ — Blockcap Inc. (“Blockcap”), one of many largest bitcoin mining and blockchain expertise corporations based mostly in america, introduced immediately that it mined a complete of 544 bitcoin through the first quarter of this yr. Approaching the heels of a number of large-scale acquisitions of mining equipment by Blockcap, the revelation highlights not solely the fast development skilled by the corporate but in addition how its rising capability has surpassed that of rivals in North America.

Since its founding final yr, Blockcap has mined greater than 1,600 bitcoin. With a fleet that now numbers roughly 12,176 absolutely 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 absolutely deployed and working subsequent yr.

Blockcap’s govt chairman and founder, Darin Feinstein, cited the continued development as a testomony to the corporate’s dedication to turning america into a serious international hub for blockchain and bitcoin-mining expertise. Throughout the first three months of 2021, he famous that his Austin-headquartered firm mined extra bitcoin than a number of main North American-based corporations. This consists of Riot Blockchain, a publicly traded firm that mined 491 Bitcoin through the first quarter of the yr, in addition to 165 bitcoin mined in Q3 of final yr by Hive Blockchain.

“Blockcap has an aggressive development technique that’s designed to create extra jobs within the blockchain business not simply in america but in addition in our residence state of Texas and our hometown of Austin,” Feinstein mentioned. “We’re proud to be competing on this business with a lot of different high-quality corporations, and we imagine there may be ample room for all of us to develop collectively and in flip present broader, sustained financial development 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 writer of the groundbreaking ebook, The Bitcoin Commonplace.

Along with using blockchain expertise for creating jobs in america, Feinstein expressed pleasure concerning the business’s constructive potential impression not just for on a regular basis People but in addition individuals all around the globe. “At present there are roughly 60 million People 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 an entire will present these unbanked individuals with the important expertise 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 have been within the house for practically a decade. The Blockcap mining division operates one of many world’s largest bitcoin mining operations, accounting for 0.7 % 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 america.

For extra data, go to https://www.blockcap.com/ or contact (833) 901-BLOC toll-free.

Comply with Blockcap on LinkedIn.

SOURCE Blockcap

Associated Hyperlinks

http://www.www.blockcap.com

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