Chinese mining hardware behemothic Bitmain volition be bringing 56,000 of its latest Antminers to the state of Georgia in the southeastern Us.

The influx of mining rigs is part of a 3-fashion deal betwixt Nevada-based tech firm ISW Holdings, crypto mining datacenter Bit5ive, and Bitmain. According to ISW Holdings, the total price of the hardware deployment will exist effectually $62 one thousand thousand and is expected to generate monthly revenue of $x million when running at full capacity.

ISW Holdings has already parted with $half dozen 1000000 towards the purchase that will see Bitmain'southward Antminer S19J mining rigs deployed under its new BlockQuarry make using Bit5ive's infrastructure. Bitmain reportedly suspended orders of new miners in June among a booming secondhand market.

When fully operational in Oct 2022, the new miners volition swallow up to 200 megawatts of electricity at a BlockQuarry facility called "POD-CITY" in Georgia. ISW expects the starting time xx MW of ability to be running past October, co-ordinate to the announcement.

Alonzo Pierce, president and chairman of ISW Holdings, said that the nature of the business organisation has changed since it partnered with Bit5ive last year and began designing "country-of-the-art mining pods," calculation:

"Looking ahead, our hosting service revenues will be stable and substantial, and capable of strong growth. And our mining revenues will fluctuate with prices in the cryptocurrency space."

Bit5ive will manufacture "BLOQPODS" which will be grouped into "BLOQPARKS" operated by BlockQuarry. Each pod comprises 280 Bitmain Antminers to produce a hash rate of 28,000 terahashes per second (Th/s).

ISW Holdings already operates 700 miners comprising Bitmain Antminer S17s, S19s, and Canaan Avalons at a Bit5ive managed site in Pennsylvania.

Related: Bitcoin hashrate triples since June 28 in recovery from China syndrome

Bitcoin's hash rate has recovered to 133 EH/s from its late June slump to 68 EH/s following the great miner migration from Mainland china. On-chain analytics provider, Glassnode, reported on Sept. 6 that miners had started taking profits, adding:

"The increment in hash-rate is likely a combination of previously obsolete hardware finding a second charter on life, and miners in China successfully relocating, re-establishing or re-homing their hardware and operations,"