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Seagate and Western Digital increase HDD production as Chia sends sales skyrocketing

Despite the cryptos falling price on June 10, 2021, 6:55 TL;DR: Cryptocurrency Chia has caused demand for hard disk drives to skyrocket in Europe. As many feared when it launched, this has resulted in shortages and increasing prices, forcing Seagate and Western Digital to ramp up production of their HDDs. The Chia blockchain uses a "proof of space and time" model instead of "proof of work" (Bitcoin) or "proof of stake" (Etherium 2.0), meaning people can farm the crypto by ...
Bob Eulau Gianluca Romano Gurvan Meyer Cryptocurrency Chia Western Digital Estern Digital

Chia Demand Is Driving HDD Sales, Keeping Seagate's Factories Full

ExtremeTech Chia Demand Is Driving HDD Sales, Keeping Seagate’s Factories Full By Joel Hruska on June 10, 2021 at 2:15 pm This site may earn affiliate commissions from the links on this page. Terms of use. The cryptocurrency Chia has had a significant impact on the hard drive market. SSD demand doesn’t seem to have risen the same way, but both Western Digital and Seagate are reporting significantly higher demand. That’s according to executives from both companies, who sp...
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US-based hard disk drive suppliers face further scrutiny over whether they've shipped proscribed HDDs to Huawei

The Wicker man: US Commerce Committee senator questions Toshiba, Seagate and WD Chris Mellor Wed 12 May 2021 // 16:55 UTC Share Copy US Commerce Committee Senator Roger Wicker is on a mission to find out if HDD makers stateside are shipping drives to Huawei, and has fired off questions to Seagate, Toshiba America Electronic Components (TAEC) and Western Digital. This follows the initiation of a US Department of Commerce (DoC) investigation in March into the possible supp...
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