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Texas  + Austin  + Finance  | 

Blockcap’s Added Miners Boosts its Machinery to 50,000

Blockchain technology firm Blockcap Inc. recently acquired an additional 8,000 latest-generation miners that will bring its total number of deployed and fully operational bitcoin mining machines to more than 50,000 by the end of next year. Blockcap is also accelerating its mining of additional digital assets, including the world’s second-largest digital currency by market capitalization, Ethereum.

The acquisition of the new miners is the latest in a string of large-scale purchases made by the Austin-based company. As part of its strategy of becoming a key global player in digital asset technology, Blockcap also is announcing purchases of machinery for altcoins. The company has made a large-scale purchase of Ethereum mining rigs to be delivered in fall 2021.

Blockcap’s executive chairman and founder Darin Feinstein cited the company’s strategy to continue expanding into other digital assets as key to its mission of making the United States a global leader in shepherding blockchain technology into the mainstream.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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