GEM Mining Announces 14,000 Miner Deployment And BTC Production Update

• GEM Mining’s February BTC mining update shows it produced 200.5 BTC.
• 18,065 miners are presently progressive with 1.77 EH/s.
• 14,000 Miners acceptable to travel online by the extremity of 2022, fully-hosted and funded by GEM mining.

GEM Mining, a 97% c neutral institutional-grade mining institution with a deployable mining fleet of 32,000 miners, announced their bitcoin mining accumulation update for February, 2022.

With a hash complaint of 1.77 exahashes per 2nd (EH/s) and 18,065 progressive miners, GEM produced 200.5 BTC worthy implicit $8,506,600. It’s full accumulation year-to-date is 423 BTC, worthy much than $17,912,900.

“Our February accumulation continues our beardown commencement to the year,” said John Warren, CEO of GEM Mining. “With 14,000 afloat funded and hosted miners coming online successful the coming months, we volition proceed to rapidly grow our high-quality mining fleet and efficiently nutrient BTC.”

The 18,065 miners represents a 22% summation from the erstwhile period of 14,804 miners, portion their 1.77 EH/s hash complaint gives a 22.9% summation implicit their erstwhile month’s 1.44 EH/s. However, the 200.5 BTC produced shows a alteration from the erstwhile month’s 222.5 BTC, worthy astir $9,551,100, showing a 9.89% decrease. This besides resulted successful a month-over-month alteration successful gross arsenic well, wherever January brought successful $9.15 million, February came abbreviated bringing successful $8.22 million.

GEM mining cited the shorter month, an summation successful planetary hash complaint meaning a higher trouble adjustment, and the donation of mining powerfulness to enactment assemblage measures arsenic reasoning for the alteration successful February BTC accumulation levels.

GEM has plans to motorboat different 14,000 miners which volition beryllium fully-funded and hosted by GEM mining successful the adjacent future. GEM mining accounts for 1% of the planetary hash rate, acceptable to drastically summation by the extremity of 2022.