The Texas-based Blockcap Incorporated revealed the blockchain and mining firm has mined approximately 544 bitcoins during the first quarter of 2021. Blockcap says 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 three months, bitcoin (BTC) markets have seen phenomenal gains and alongside the price rises bitcoin miners are pulling in profits. This week the Austin-based firm Blockcap revealed its Q1 earnings in terms of bitcoin (BTC) revenue. The company has acquired $33 million or 544 bitcoins during the first quarter. Bitcoin.com News recently reported on Blockcap moving its headquarters to Austin.

At the time, former governor of Texas, Rick Perry welcomed Blockcap for bringing tech innovation to Texas. The company acquired the 544 bitcoins this year by leveraging 12,176 mining rigs and Blockcap hopes to deploy more machines. Blockcap says by next year it…

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Source: https://news.bitcoin.com/blockcap-mined-btc-q1-bitcoin-revenue-outshines-us-competitors/