Stronghold Digital to Add 400 PH/s Capacity Via 4K Bitcoin Miners From Canaan Subsidiary

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Stronghold Digital to Add 400 PH/s Capacity Via 4K Bitcoin Miners From Canaan Subsidiary
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.SDIGigital is to add 400 PH/s of capacity by hosting 4,000 mining machines supplied by Cantaloupe Digital, a subsidiary of rig maker canaanio. By JamieCrawleyCD

Bitcoin miner Stronghold Digital is to host 4,000 mining machines supplied by Cantaloupe Digital, a subsidiary of rig maker Canaan .

Stronghold has procured around 22,000 miners since August with capacity of 2.2 exahash per second at a cost of $15 million, CEO Greg Beard said. As part of the two-year hosting agreement with Canaan, Stronghold will receive 50% of the bitcoin mined and retain any upside of selling power back to the grid, should the company elect to curtail the usage of the machines to do so.

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