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The9 will expand Filecoin mining capacity


Nasdaq-listed company The9 Ltd entered into a $ 2 million purchase and deployment agreement for Filecoin mining equipment (FIL).

In February of this year, the firm signed a framework agreement with another supplier of similar miners in the amount of $ 10 million. Its name was also not disclosed.

The9 launched a node on the Filecoin blockchain and increased its storage capacity to 80 pebibytes.

What is Filecoin?

The9’s decision was influenced by the positive dynamics of the coin and expectations of an increase in the number of future use cases for Filecoin.

Earlier in March, the mining company increased its bitcoin mining capacity after purchasing hardware from MicroBT and Bitmain.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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