John Warren’s GEM Mining Reaches Bitcoin Hashrate Of 1.25 EH/s


GEM Mining, the bitcoin mining company headed by former South Carolina Gov. candidate John Warren, has increased its deployed fleet by over 4,000 machines and now houses 13,118 active mining rigs according to a Wednesday statement.

“We will continue to seek out opportunities to deploy industry-leading technology with our premier hosting partners,” Warren, CEO of GEM Mining, said in a statement. “That has been our mission since the company’s inception and will continue to be our focus in 2022.”

Warren previously said he founded GEM Mining after having spotted “huge opportunities” in the mining industry last year. The entrepreneur was joined by four founding partners to start the Bitcoin business and has since raised $200 million.

Source: Bitcoin Magazine


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