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Arcane Crypto Places First Bitcoin Mining Rig Order

Last update 09.09.2021 10:58

Full-service digital finance platform Arcane Crypto has announced its first purchase of bitcoin mining equipment via subsidiary Arcane Green Data Services.

Arcane Crypto Places First Bitcoin Mining Rig Order

Arcane Green Data Services was created to produce and supply the raw processing power needed for a cryptocurrency mining operation. Meanwhile, the other entities within Arcane Crypto will handle how to best use that processing power optimally. This includes choosing the right mining equipment and arrangement. 

The team chose to go with Antminer s19 Pro (110 TH/s) mining machines — 352 of them to be exact. When operational, the 352 mining rigs represent a total of 38,720 terra hashes and cost Arcane Crypto around $4 million to purchase according to the press release.

 

Arcane Crypto says that, at current market conditions, the computing power it will be able to muster should account for a monthly income of more than $400,000. However, “Arcane will incur electricity, hosting and administrative costs related to the operation.” 

Arcane Crypto adds that its operation should be up and running by the end of Q3 2021.

Source : beincrypto.com

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Coin Change(%) Price Volume (24h)
Bitcoin (BTC) 3.71 $72,084.86 $45.5B
Ethereum (ETH) 3.43 $4,038.91 $20.8B
XRP (XRP) 18.52 $0.727106 $4.4B
Solana (SOL) 1.58 $147.242060 $3.8B
Binance Coin (BNB) -2.22 $519.52 $3.0B
USD Coin (USDC) 0.03 $0.999697 $2.4B
Dogecoin (DOGE) 0.96 $0.174374 $2.1B
Shiba Inu (SHIB) -2.92 $0.000033 $1.7B
Floki Inu (FLOKI) -7.67 $0.000267 $1.3B
Avalanche (AVAX) 13.16 $47.596296 $1.2B
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