Singapore, Sep. 16, 2020 – Bitmain – the world’s leading producer of cryptocurrency mining hardware announces that it has signed another purchases contract with Riot Blockchain, one of the few Nasdaq-listed cryptocurrency mining companies, with the new purchase of 5,100 next-generation Bitmain S19 Pro Antminers (110 TH) for more than USD $10 million, scheduled for receipt and deployment starting in February 2021.
By providing the most advanced miners,
Bitmain will help Riot Blockchain achieve the goal of 2 EH/s hash rate capacity.
The 5,100 new miners will bolster Riot Blockchain’s hashing power by roughly
0.56 EH/s
“Riot is a long-term close friend of ours, we are more than happy glad to expand our cooperation and deepen the partnership with them. With the full deployment of these 13,100 S19 Pros, we are helping them set path to the goal of 2 EH/s hash rate capacity. This will be a milestone for both Bitmain and Riot.” said Irene Gao, Antminer Sales Director of NCSA Region, Bitmain.
Last month, Riot just purchased 8,000 Bitmain S19 Pro Antminers. Starting from a 4,000 S17 Pro deal in this February, 20,140 Bitmain miners have been purchased by Riot within a year.
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As the saying goes, “it takes money to make money”. In most industries where there are positive returns, there will be an abundance of capital and financing to support the growth of businesses. Yet historically mining businesses had few financing options open to them, despite the compelling returns they’re able to yield. However, this is rapidly changing as investors are increasingly recognizing the opportunity in crypto and investing traditional capital. Mining in particular, which is a fundamental of crypto and linked to the creation of intrinsic value, is one of the best and reliable ways to step foot into this sector.
One of the early pioneers to address the financing gap in a reliable and scalable way is the Digital Currency Group (DCG)’s subsidiary Foundry. Since its inception in 2019, Foundry has emerged as one of the largest bitcoin miners in North America. It has also extended tens of millions of dollars in equipment financing to other mining organizations and helped to procure almost half of the bitcoin mining delivered in North America this year.
Bitmain has been collaborating with Foundry for some time, who have provided the necessary capital to fund mining equipment for many of its large clients. This critical access to finance not only breaks down barriers to entry and growth for mining businesses, but it also strengthens the overall mining ecosystem.
“Foundry was established to empower miners with the tools that they need to build tomorrow’s decentralized infrastructure. An important part of this is addressing the chronic lack of financing options, which is holding back many successful mining businesses from scaling their operations”, said Mike Colyer, CEO at Foundry. “Through our partnership with Bitmain, we are proud to have helped many mining businesses across North America procure the mining equipment they need to realize growth.”
“Through Foundry’s work and financial support of our end customers, we have been able to ship a significant number of machines into North America this year,” said Su Ke, Global Sales and Marketing Director of Antminer at Bitmain. “Foundry’s institutional-grade services for North American businesses and its team’s expertise have played a key role in making this happen. We look forward to working closely with Foundry to reach even more customers and provide an even better experience for them.”
Fuelled in part by inexpensive and abundant renewable power, North America is rapidly becoming an epicenter for bitcoin mining, and one of Antminer’s fastest-growing markets. Bitmain’s recent $28.8 million Antminer S19 Pro deal with Nasdaq-listed Riot Blockchain, as well as a $23 million contract with Marathon Patent Group, are a testament to this growth trajectory.
Bitmain is truly excited to be a part of
this growing opportunity and remain fully committed to working with partners
such as Foundry to support customers as they scale their businesses.
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Bitmain’s S19 Pro ASIC Miner Continues as The Miner of Choice For North Americas Largest Bitcoin Miners
Singapore, Sept. 04, 2020 – Bitmain – the World’s leading producer of cryptocurrency mining hardware is accelerating their momentum with the execution of this contract valued at over $23 million. Marathon Patent Group (“Marathon”), a Nasdaq-listed cryptocurrency mining company based in Las Vegas Nevada, has entered a Long-Term Purchase Contract of $23 million to purchase 10,500 Antminer S19 Pro. Bitmain’s Antminer S19 Pro is equipped with the most advanced chipset currently available.
“We are excited to close this deal which dramatically expands our relationship with Marathon. Powered by a new generation custom-built chip from Bitmain, Antminer S19 Pro features industry-leading performance and power efficiency, which we believe will significantly boost Marathon’s mining capacity. Once fully deployed, these Miners will bring in a new era of Bitcoin mining, and we cannot wait to see Marathon unleash their market potential with this additional capacity.” said Irene Gao, Antminer Sales Director of NCSA Region, Bitmain.
Merrick Okamoto, Marathon Patent Group, Inc.’s Chairman and CEO stated, “Bitmain’s S19 Pro ASIC Miner outperforms all other Miners we have deployed by producing and energy efficiency of 29.5 ± joules per terahash (J/TH.) Upon delivery and full installation, Marathon’s mining operation will produce up to 1.55 Exahash.”
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Singapore, Aug. 24, 2020 – Bitmain – the world’s leading producer of cryptocurrency mining hardware continues its partnership with one of the few Nasdaq-listed cryptocurrency mining companies – Riot Blockchain (“Riot”, “Riot Blockchain” or the “Company”) by executing another purchase agreement of 8,000 next generation Bitmain Antminer S19 Pros. The Antminer S19 Pro is another hot-selling miner launched by Bitmain earlier this year, featuring a hash rate of 110 TH/s, with a power efficiency of 29.5±%5 J/TH. This new $17.7 million contract with Riot marks another global milestone of Bitmain’s Antminer S19 Pros.
“We are glad to continue and expand our cooperation with Riot. Riot is a long-term friend of ours, and we have witnessed and assisted them building up a powerful mining operation in North America. Equipped with the most advanced chipset currently available, our Antminer S19 Pro redefined the industry standard of hash rate with an outstanding power efficiency. We believe this new purchase help will Riot expand a leading position in the market and fulfill their business vision, which we are more than happy to be and continue being part of.” said Irene Gao, Antminer Sales Director of NCSA Region, Bitmain.
This purchase agreement has a defined delivery schedule of 2,000 S19 Pros per month starting in January 2021 and continuing through April 2021 until the order is complete.
“Riot Blockchain deeply values the relationship developed with Bitmain over the years. We are focused on building our mining operation with the most efficient hardware on the market, therefore the S19 Pro has been the leading choice during this growth period. Riot set the ambitious hash rate goal of 1 EH/s by early 2021, even though sourcing hardware can be exceptionally challenging during the current pandemic and in this economic climate. Bitmain provided us with exceptional service in a path towards achieving our goal and because of their robust supply chain we are scheduled to exceed it. We value our relationship with Bitmain and look forward to supporting each other as our industry grows.” Jeff McGonegal, CEO of Riot Blockchain.
Starting from a 4,000 S17 Pro position in December 2019, 15,040 total Antminers have been purchased by Riot within a year. When the new S19 Pros are fully deployed, Riot expects its total hash rate capacity to be approximately 1.45 EH/s (1,446 PH/s) while utilizing approximately 47 megawatts (MW) of energy.
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Bitmain’s partnership with leading US-based blockchain hosting provider Core Scientific continues to bring Bitmain’s renowned technology and expertise to the North American market.
After announcing the establishment of the first USA-based Ant Training Academy (ATA) in Dalton, Georgia this May, Bitmain and Core Scientific have come together again to facilitate the purchase of 17,595 Antminer 19 series machines to service Core Scientific’s hosting clients and own operations.
The partnership signifies the largest number of mining machines coordinated for purchase by a single blockchain hosting company and solidifies both Bitmain and Core Scientific as leading global AI and blockchain technology organizations.
In addition to the landmark purchase of S19 models, the new ATA will also extend Bitmain’s highly regarded training and certification services to participants in North America starting in Fall 2020. This means participants will no longer need to travel internationally to access the academy’s in-demand courses and accreditations.
Bitmain’s ATA is the only training institution and certification authority officially certified by Antminer. Through this partnership, Bitmain has combined the proven ATA curriculum with accredited instructors from Core Scientific, to deliver engaging and practical training to attendees in North America.
The Dalton, Georgia ATA branch will continue the white glove approach and strong operational excellence that the ATA is renowned for, to ensure that attendees walk away with the critical skills they need to operate at the highest level and secure long term viability of their mining equipment.
Through this partnership with Core Scientific, Bitmain will continue to provide world-leading mining technology and expertise to the world reaching new heights by branching out to the US.
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The Antminer T19 is the third model released from the latest generation of Antminers proudly developed by Bitmain. The T19 is equipped with a hash rate of 84 TH/s ± 3% and has a power efficiency of 37.5 J/TH ± 5%
The Antminer T19 is
housed with the same generation of custom-built chips found in the Antminer
S19 and S19
Pro, ensuring capable
and efficient operations for mining cryptocurrencies under the SHA256 algorithm.
Comparing with the previous Antminer T17, the T19 greatly improves performance, allowing miners to achieve better efficiency and earnings.
The T19 also utilizes the new APW12 power supply
and upgraded firmware, which offers faster start-up speeds for an optimized
mining experience. Miners can expect the latest technologies found in the new
model and begin selling on the official website on 01 June 2020, 11:00 (GMT+8)
with a shipping date from June 21-30, 2020.
The Antminer T19 specifications are available on Bitmain’s official website.
To prevent hoarding and to
ensure that more individual buyers can purchase miners in this batch, we have
set a limit of 2 miners per user. For further sales inquiries, please
contact Bitmain’s specified sales teams based on your region:
These reports were based on calculations made by altcoin mining pool 2Miners, which highlighted the recent drop in the hash rate output of Antminer E3 mining rigs on the Ethereum Classic network.
This drop suggested the E3’s hardware was approaching obsolescence but thanks to new firmware the miner can continue to mine Ethereum.
Launch of new firmware
To ensure Bitmain can provide efficient mining equipment for the Ethereum community, it has launched a new firmware to support the Antminer E3. This new firmware has been designed to allow miners to continue using the Antminer E3, even after March 2020.
This new firmware addresses the prior issue of the growth of directed acyclic graph (DAG) files, which limited the capability of the Antminer E3s for mining ETH or ETC. This new firmware will expand the usage of Double Date Rate (DDR) Memory, as more space is needed to process DAG files
So, how long will the Antminer E3 last?
Thanks to the new firmware, Antminer E3’s can continue mining for the foreseeable future. The new firmware has been designed to better support the Antminer E3, and so Bitmain is confident that miners can continue using the hardware past April 2020.
With the new firmware update, the final approximate block height of the Antminer E3 is 11,400,000. According to calculations, mining can continue until October of 2020.
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SINGAPORE, 27 February 2020 – Bitmain is officially announcing the new Antminer S19 and S19 Pro, two new Antminers offering incredible performance.
The next-generation Antminer S19 and S19 Pro come in two
variants. The Antminer S19 is equipped with a hash rate of 95 TH/s, while its
other variant has a hash rate of 90 TH/s, both variations have a power
efficiency of 34.5±%5 J/TH.
As for the Pro version, hash rates and power efficiency are further improved. The Antminer S19 Pro features a hash rate of 110 TH/s, while its other variant has a hash rate of 105 TH/s, both variations have an impressive power efficiency of 29.5±%5 J/TH.
The Antminer S19 series is equipped with a new generation
custom-built chip from Bitmain, achieving a power efficiency as low as 23 J/TH.
This was achieved by enhancing the circuit architecture, greatly improving
power efficiency.
Utilizing the new APW12 high-conversion efficiency power supply,
the Antminer S19 and S19 Pro achieve enhanced stability. New firmware also
introduces faster startup speed and an intelligent control mechanism to ensure
the best mining experience.
The next-generation Antminer 19 series showcases
industry-leading technology from Bitmain, allowing miners to efficiently mine
Bitcoin under the SHA256 algorithm. The new iteration of Antminers boasts
superior performance, enabling miners to optimize earnings and is designed for
better operations ensuring long-term operations.
As the Bitcoin halving approaches with the price of block
rewards to be reduced, the Antminer 19 series safeguards miners for future
mining.
The
Antminer S19 series specifications is available on Bitmain’s official website.
For further sales inquiries, please contact
Bitmain’s specified sales teams based on your region:
Recently, it was discovered that some websites have been
impersonating Bitmain (hereinafter referred to as “our company”) and have been communicating with our
company’s existing customers under false pretense.
In order to protect the legitimate rights and interests of
our company and customers, our company solemnly declares as follows:
Our official website https://www.bitmain.com/
is the only official website of Bitmain.
The two websites: https://bitmain.farm/register
and https://antminersmining.com/ have
no relationship with Bitmain. For the fraudulent
use of the “Bitmain” brand, we will resolutely adopt legal means to protect
ourselves and our customers’ rights and interests.
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Following an intensive two-week accreditation course for Level-1 Miner Maintenance, the first US-based cohort of students from Bitmain’s Ant Training Academy (ATA) in Atlanta has officially graduated.
As part of its ongoing commitment to support customers, Bitmain launched the course to support the growing number of US-based mining facilities.
The new academy seeks to provide a more convenient service for overseas customers.
“It’s fantastic that the ATA is now in the US and more accessible to my team and I. The course gave me practical experience around miner maintenance that I can now bring back to share with the rest of my colleagues,” said Brett Garman, President of The Blockyard LLC, a community of tech professionals and freelancers.
The ATA Maintenance Training Course is designed to educate maintenance personnel for mining farms on how to install, operate, and repair mining equipment. This course was also the first to run outside of Shenzhen, China, where the first academy opened in July last year.
The students enrolled for this course were trained by Bitmain’s Senior Engineers of the Antminer Brand, who guided students through the foundations of mining farm operation and maintenance – as well as the more technical aspects of chip-welding, installing hashboard testers and software, and maintenance of the Antminer 17 series.
Bitmain acknowledges the hard work of the cohort, who were required to pass both a theoretical and practical exam with scores of at least 80 percent.
Graduates received “Level-1 Qualification” certificates, which validates that they have the basic skills required for miner maintenance. These ATA course certificates aim to be a global standard for cryptocurrency miner maintenance. With these certifications, graduates are also now authorized to buy miner materials.
“Quality training is often what stands between proper long-term mining care and poor maintenance. It was a no-brainer to attend the US-based ATA course; the new location makes it much more feasible to get equipped with the right skills,” said Kyle Cosentino, Field Operations Engineer for Crusoe Energy Systems a technology-driven flare mitigation provider.
Kyle Cosentino was awarded a certificate of Top Performance for his outstanding work during the training period. Kyle Cosentino was also awarded a gift voucher for as part of the prize.
Top student Kyle Cosentino was awarded for his outstanding performance
Overall, trainers were extremely pleased to see the keen interest of students, especially as this is Bitmain’s first overseas branch to open since the pioneer academy opened in Shenzhen last year.
ATA’s next training period to run from 30th March to 11th April 2020. With only 10 seats available, Bitmain encourages potential students to register early. For further information, please contact us.
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