An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
NFN8 GROUP Welcomes the Future of Digital Currency Mining to the U.S.
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
NFN8 GROUP has successfully installed the first ANTMINER S19 XP units in the U.S. at Core Scientific's Dalton, GA data center. This milestone was highlighted at the World Digital Mining Summit in Miami on July 26, 2022. The ANTMINER S19 XP boasts a hash rate exceeding 140T with 27% better power efficiency than its predecessor, promising a six-year lifecycle. Core Scientific's collaboration with BITMAIN and NFN8 marks a significant step into the future of digital currency mining, showcasing advancements in energy-efficient technologies.
Positive
First installation of ANTMINER S19 XP units in the U.S.
High hash rate of over 140T with 27% improved power efficiency.
Potential six-year lifecycle for the mining units.
Collaboration strengthens Core Scientific's position in the blockchain infrastructure market.
Negative
None.
AUSTIN, Texas--(BUSINESS WIRE)--
Today, NFN8 GROUP announced that it has received and installed the first ANTMINER S19 XP’s to land in the United States at Core Scientific’s “(NASDAQ: CORZ)” Dalton, GA Data Center. This installation milestone was recorded for presentation at the World Digital Mining Summit that was held July 26, 2022 in Miami, FL. A strategic hosting alliance between Core Scientific and NFN8 was previously announced in the press by Core’s Chairman in October 2020.
The GA event was celebrated at the Summit by Irene Gao, ANTMINER Sales Director from BITMAIN, owners Josh Moore, Cory Rodriguez, Steven Greene from NFN8, and Russell Cann, Executive Vice President at Core Scientific. Many of the leading Digital Mining Companies in the world attended the Summit that featured a dinner where BITMAIN and NFN8 gave powerful speeches discussing the current and future outlook for the industry.
The ANTMINER S19 XP units were promoted to be one of the most powerful miners ever produced. After Core’s tech team racked NFN8’s shipment, these predictions were borne out by Core’s proprietary monitoring systems. The cutting-edge, next-generation XP’s reached a hash rate of over 140T. The specs claim this high hash rate comes with a 27% power efficiency from the S19 Pro and pushes the expected life cycle to six years. While all the results are still being calculated, the on-site feel was that these units were running significantly cooler while delivering power as promised. It appears, as promised, that the future of mining digital currency has arrived.
NFN8’s meteoric rise to industry prominence has been achieved by implementing a unique sale/leaseback business model. Core Scientific is a leader in high-performance Blockchain infrastructure and software solutions. BITMAIN is the world’s leading manufacturer of digital currency mining servers.
Josh Moore, Chairman of NFN8 Group, remarked, “We are grateful to have the honor of being the first to put these miners to work in the U.S., but we are always mindful that we are all pioneering an industry where the output may be decentralized, but collaboration is the key to success. BITMAIN and Core have been fantastic industry partners, along with all the others who will be joining us in racking these powerful, energy-efficient machines.”
Mike Levitt, CEO of Core Scientific, commented, "Core Scientific is a leader in blockchain data centers and digital asset mining, and our entire team is proud to host the first BITMAIN ANTMINER S19 XP servers in the United States for NFN8. We look forward to our continued collaboration with BITMAIN and installing ANTMINER S19 XP servers for NFN8, our other hosting customers, and our self-mining operations."
Irene Gao, ANTMINER Sales Director from BITMAIN, commented, “We are thrilled to continue working with Core Scientific and NFN8 Group, establishing a long-term partnership. The installation of ANTMINER S19 XP represents the culmination of years of research and development, offering a high-performance and energy-efficient mining server. The addition of these miners validates a strong position in the digital currency mining space.”
All in attendance agreed that this milestone was worth noting and remembering. It showcases the innovative, collaborative spirit among major industry companies who continue to lead in creating a more productive and positive outlook for the entire digital currency marketplace.
What is the significance of the ANTMINER S19 XP installation for Core Scientific (CORZ)?
The installation signifies Core Scientific as the first to host ANTMINER S19 XP units in the U.S., enhancing its market position in digital asset mining.
When was the ANTMINER S19 XP installation announced?
The installation was announced during the World Digital Mining Summit on July 26, 2022.
What are the performance specifications of the ANTMINER S19 XP?
The ANTMINER S19 XP features a hash rate of over 140T and is 27% more power efficient than its predecessor.
Who are the key partners involved in the ANTMINER S19 XP installation?
The key partners include NFN8 Group, Core Scientific (CORZ), and BITMAIN.
