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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Hive Blockchain is bucking the bearish mining industry trend, holding $68 million on BTC while producing 307 bitcoin in October.

Canadian Bitcoin miner Hive Blockchain (HIVE) has 3,311 bitcoin worth $68.8 million, according to a production report released Monday.

The report also revealed that Hive has no debt servicing payments in relation to its digital assets or mining hardware, even as several rivals are feeling the squeeze of the bear market.

London-based Argo Blockchain (ARB) is searching for a source of liquidity after a $27 million deal collapsed last week, while in North America Compute North, one of the largest operators of crypto-mining data centers, filed for bankruptcy after owing as much as $500 million to at least 200 creditors. Core Scientific also warned that bankruptcy may be on the cards as it aims to raise capital.

Hive mined 307 bitcoin in October at an average of 115 bitcoin per exahash.

“We are very happy to be producing over 300 Bitcoin per month, which is about 1% of the global network, even when network difficulty is at an all-time high. We have sold all our Ethereum holdings. In October we produced an average of 9.9 Bitcoin per day,” Executive Chairman Frank Holmes said in the statement.

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