The Texas-based Blockcap Incorporated revealed the blockchain and mining firm has mined around 544 bitcoins throughout the first quarter of 2021. Blockcap states the$33 million worth of bitcoin stems from the firm’s fleet of 12,176 mining rigs. Blockcap Rakes in 544 Bitcoins
During the last 3 months, bitcoin (BTC) markets have seen phenomenal gains and along with the price rises bitcoin miners are pulling in profits. This week the Austin-based company Blockcap revealed its Q1 profits in terms of bitcoin (BTC) income. The company has actually acquired $33 million or 544 bitcoins throughout the very first quarter. Bitcoin.com News just recently reported on Blockcap moving its headquarters to Austin.
At the time, former guv of Texas, Rick Perry welcomed Blockcap for bringing tech innovation to Texas. The company obtained the 544 bitcoins this year by leveraging 12,176 mining rigs and Blockcap wants to deploy more machines. Blockcap states by next year it intends to get 43,000 bitcoin mining rigs totally released. Given that the business began in 2015, it has actually mined an overall of 1,600 BTC or $98 million using today’s exchange rates.
“Blockcap has an aggressive development method that is developed to develop more tasks in the blockchain market not just in the United States but also in our home state of Texas and our hometown of Austin,” Darin Feinstein Blockcap’s founder said. “We’re happy to be completing in this market with a number of other premium firms, and we believe there is sufficient space for all of us to expand together and in turn offer broader, continual economic growth at the regional, state, and national levels.”
Dedicated to Making the United States a Bitcoin-Mining Hub and Outperforming American-based Rivals
Feinstein discussed that the company is dedicated to making the U.S. a “blockchain and bitcoin-mining technology” hub. The Blockcap founder likewise claims it exceeded “numerous significant North American-based business” mining bitcoins.
“This includes Riot Blockchain, a publicly-traded business that mined 491 Bitcoin throughout the very first quarter of the year, in addition to 165 bitcoin mined in Q3 of in 2015 by Hive Blockchain,” Feinstein detailed.
The Blockcap creator even more kept in mind that blockchain technology and cryptocurrency options not only create job opportunity in the U.S. but this tech also assists the unbanked across every border.
“Presently there are approximately 60 million Americans who do not have access to bank accounts and roughly 1.7 billion individuals worldwide who are likewise unbanked,” Feinstein said. “And we at Blockap strongly think that the blockchain industry as a whole will supply these unbanked people with the important technology required for accessing the monetary system.”
What do you consider Blockcap’s first-quarter bitcoin profits? Let us know what you think about this topic in the comments section below.
Tags in this story
544 bitcoins, Austin, Bitcoin mining, Blockcap, Rivals, Hive Blockchain, mining, mining bitcoin, Mining BTC, Q1, Q1 Revenues, Riot Blockchain, Texas
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This post is for informational purposes just. It is not a direct offer or solicitation of a deal to purchase or sell, or a suggestion or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss triggered or declared to be caused by or in connection with using or reliance on any content, goods or services mentioned in this short article.