The Canadian firm said that 5,800 machines will provide computing power of upward of 630 petahashes per second by end-January. That’s less than the October forecast of 1 exahash.

Crypto mining firm Hive Blockchain (HIVE) will receive less computing power than forecast from its mining rigs using Intel’s (INTC) new chips.

The 5,800 new machines, dubbed Hive Buzzminers, will have total computing power of more than 630 petahash/second (PH/s), the Vancouver based firm said Friday. In October, it estimated a total of 1 exahash/second (EH/s).

Hive did not give a reason for the discrepancy, and had not responded to CoinDesk’s request for comment by the time of publication. It’s possible it changed the specification of the machines to lower power consumption during a period of high electricity costs. It’s also possible it ordered fewer machines than anticipated as the price of bitcoin fell more than 60% this year.

Some of the machines have already been installed, with the rest expected by the end of January. The rigs’ computing power of about 109 terahahes/second (TH/s) per machine is a little over that of Bitmain’s Antminer S19 Pro, released in 2020. Hive didn’t divulge the energy efficiency or cost of the rigs, key metrics for miners struggling to keep up with high power costs. The Intel chip is touted as environmentally friendly, indicating that efficiency will be its strong suit.

Intel’s second-generation Blocksale application-specific integrated circuit (ASIC) for bitcoin mining rigs was announced in April. It is expected to break the Bitmain and MicroBT duopoly in the bitcoin mining ASIC market. Miners can configure the chip into machines of their own design, such as Hive’s. That is a marked difference from the Bitmain machines, which are notoriously closed-source. The flexibility, however, comes with the difficulties of deciding on designs and bringing them to production.

Argo Blockchain (ARBK), another one of Intel’s early clients, decided to redesign the machines, leading to delays in deployment. The London-based company, which is working with ePIC Blockchain on the rigs, said it wanted to reorient the machines more toward power efficiency, bringing them closer to close to Bitmain’s Antminer S19 XP with 134 TH/s at 21.5 joules/terahash. Initially, the machines were designed for computing power, Argo said.

Griid Infrastructure and Block (formerly Square) have been named as other first customers.

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The miner used almost 30 million gwei to pay for that transaction.

Crypto miner F2Pool mined the last-ever block of proof-of-work (PoW) ether (ETH) as the network shifted to a proof-of-stake (PoS) earlier this morning.

The last ether block before the Merge was 15537393, data shows. F2Pool paid some 29,991,429 gwei, the smallest unit of ether, as gas fees for that transaction.

The miner included a message in Mandarin in the block: “七彩神仙鱼F!,” it read, which translates to “Colorful Angelfish F!”

The miner, which was founded in 2013, was one of the earliest bitcoin (BTC) mining pools.

After the merge, new blocks on the Ethereum network continued to be produced as normal and without any hiccups. Ether traded flat after the Merge.

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The crypto miner didn’t say what capacity the mine would operate at when it starts production.

Crypto miner Argo Blockchain (ARB) plans to start operations at its flagship facility in Texas next week, the company said in a Thursday filing with the London Stock Exchange.

Argo shares jumped as much as 12% to 67.5 pence ($0.84) in London trading as of 8:55 UTC.

Helios is set to reach 200 megawatts (MW) of electricity capacity in its first phase of operation, which will increase Argo’s computing power by 243% to 5.5 exahash per second (EH/s), the filing said. In its second phase, Helios will utilize an additional 600MW to reach 20 EH/s.

Argo declined to specify the day the mine will start operating and at what capacity. “Much of that information has to come through market disclosure,” a spokesperson said.

Delivery and installation of the 20,000 Bitmain S19J Pro mining machines it bought in September 2021 has started, it said. Some units are yet to be delivered and are expected to arrive by October.

Installation of another batch of Bitmain S19J Pro mining rigs it obtained through a machine swap with Core Scientific has started and will continue through July, the filing said.

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