Blockchain tech company Blockcap Inc reaffirms leadership in USA - Arab Guardian

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18/04/2021

Blockchain tech company Blockcap Inc reaffirms leadership in USA

Blockcap Inc., one of the largest bitcoin mining and blockchain technology companies based in the Texas, United States, announced that it mined a total of 544 bitcoin during the first quarter of this year. Coming on the heels of several large-scale acquisitions of mining machinery by Blockcap, the revelation highlights not only the rapid growth experienced by the company but also how its increasing capacity has surpassed that of competitors in North America.

Blockchain tech company Blockcap Inc reaffirms leadership in USA

Since its founding last year, Blockcap has mined more than 1,600 bitcoin. With a fleet that now numbers approximately 12,176 fully deployed and operational machines, the company currently mines more than six bitcoin per day. Moreover, the company expects to have 43,000 total mining machines fully deployed and operating next year.

Blockcap's executive chairman and founder, Darin Feinstein, cited the continued growth as a testament to the company's commitment to turning the United States into a major global hub for blockchain and bitcoin-mining technology. During the first three months of 2021, he noted that his Austin-headquartered company mined more bitcoin than several major North American-based companies. This includes Riot Blockchain, a publicly traded company that mined 491 Bitcoin during the first quarter of the year, as well as 165 bitcoin mined in Q3 of last year by Hive Blockchain.

"Blockcap has an aggressive growth strategy that is designed to create more jobs in the blockchain industry not just in the United States but also in our home state of Texas and our hometown of Austin," Feinstein said. "We're proud to be competing in this industry with a number of other high-quality firms, and we believe there is ample room for all of us to expand together and in turn provide broader, sustained economic growth at the local, state and national levels."

In addition to expanding mining capacity, Blockcap is announcing that it has brought onto its advisory board Jarvis Hollingsworth, a prominent attorney who currently serves as Chairman of the Board of Trustees of the Teacher Retirement System of Texas, a $150 billion-plus pension trust fund based in Austin. A graduate of the United States Military Academy at West Point and a former U.S. Army captain, Hollingsworth brings unparalleled legal expertise to the company. Moreover, he joins several other notable hires and additions to Blockcap's team, including Saifedean Ammous, a luminary in the blockchain industry and author of the groundbreaking book, The Bitcoin Standard.