Sphere 3D buys 60,000 bitcoin miners

Bitcoin miners are more popular these days than Bitcoin (BTC) itself. The US stock exchange company Sphere 3D is now signing a deal with NuMiner for 1.7 billion US dollars.

The mining company Sphere 3D will purchase a total of 60,000 NM440 Bitcoin miners . The devices are supplied by NuMiner .

The NM440 has a hash rate of 440 exahashes per second (EH/S) and has an energy efficiency of 20.2 joules per terahash.

In terms of both hashrate and efficiency, the NM440 beats the Bitmain flagship ANTMINER S19 Pro+ Hyd . This is not claimed by the company itself, but certified by TÜV Nord.

In total, the new devices should contribute 26.4 EH/s by February 2023.

Sphere 3D intends to merge with Gryphon Digital Mining in a so-called SPAC transaction in the first quarter of this year. As a result, Gryphon would also be listed on the stock exchange.

What role does mining play in developing and emerging countries? We have prepared the topic for you .

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