Northern Data's Bitcoin Mining Fleet Adds 21,000 ASIC Rigs, Firm Holds $168M in Crypto Assets

Northern Data's Bitcoin Mining Fleet Adds 21,000 ASIC Mining Rigs, Firm Holds $168M in Crypto Assets

On April 4, the bitcoin mining operation Northern Data published its financial statements and noted that the company’s mining fleet had grown by approximately 21,000 machines by the end of March 2022. The newly added machines increased the company’s hashrate from 2 exahash per second in February to 3.95 EH/s by the end of March.

Northern Data Adds Thousands of New ASICs to the Mining Fleet, Hashrate Doubles

According to an audit report published by KPMG, the bitcoin miner Northern Data has seen growth during the last few months. Northern Data’s financial statements note that the firm added 21,000 new ASIC mining rigs to the company’s fleet of devices.

The latest addition brings Nothern Data’s total number of ASIC rigs to 43,500 machines. Northern Data explains that the added machines resulted in increased hashrate as they added 1.95 EH/s to the firm’s 2 EH/s capacity.

Northern Data says 21,700 are hosted machines and the rest of the miners are dedicated to the company’s own account. “By the end of the year, a total of more than 100,000 ASIC systems are expected to be in operation, representing approximately 9.3 EH/s,” Northern Data explained in a press release. “The bulk of these ASIC systems are already paid for,” the firm added.

223,000 GPUs Operational, Firm Holds $168 Million in Bitcoin and Ethereum

In addition to ASIC mining rigs dedicated to mining bitcoin (בטק), Northern Data is mining ethereum (עטה) as well. “223,000 GPUs are operational since the end of last year,” the firm explained on Monday. “A total of 5,031 עטה were generated in March 2022,” Northern Data’s financial statement shows.

In March, the company mined 286 בטק און קסנומקס עטה, which brings the firm’s crypto holdings to 1,000 בטק און קסנומקס עטה. At the end of March, Northern Data disclosed that the company has expanded as well, to a total of 12 data centers across the globe. Moreover, the company aims to work in Tulsa, Oklahoma in 2024.

“Northern Data entered into a partnership with the State of Oklahoma and energy provider Grand River Dam Authority (GRDA) and plans to build a data center site in the vicinity of Tulsa for around 70,000 ASIC systems by the end of 2024,” the company’s financial statement concludes.

טאַגס אין דעם דערציילונג

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What do you think about Northern Data adding 21,000 machines to the company’s fleet of miners? Let us know what you think about this subject in the comments section below.

Jamie redman

Jamie Redman איז די נייַעס פירן ביי Bitcoin.com News און אַ פינאַנציעל טעק זשורנאַליסט לעבעדיק אין פלאָרידאַ. Redman איז אַן אַקטיוו מיטגליד פון די קריפּטאָקוררענסי קהל זינט 2011. ער האט אַ לייַדנשאַפט פֿאַר ביטקאָין, אָפֿן-מקור קאָד, און דיסענטראַלייזד אַפּלאַקיישאַנז. זינט סעפטעמבער 2015, Redman האט געשריבן מער ווי 5,000 אַרטיקלען פֿאַר Bitcoin.com נייַעס וועגן די דיסראַפּטיוו פּראָטאָקאָלס ימערדזשינג הייַנט.