Hong Kong, July 23, 2021 – Bitmain – the world’s leading producer of cryptocurrency mining hardware, announces partnership with ENEGIX to host Antminer S19 Pro in their 180MW facility.
ENEGIX is the operator of one of the largest data centers in the world. The team is in the business of designing, building, and operating data centers since 2017. The current 180MW facility, commissioned in late 2020, is the company’s third data center. It is designed to host more than 50,000 current-generation mining rigs.
“Enegix is a clear leader in design
and operation of large-scale mining facilities. Their success over the years
has put them on the map for all major bitcoin miners. Bitmain is pleased to
have a solid strategic partner in the region”, said Bitmain Mining Division Vice
President.
“ENEGIX is pleased to be able to
offer Bitmain the remaining capacity of its 180MW facility. This step from the
leading manufacturer of ASIC miners is very important for our company, as it
shows trust in our operation. We hope that starting this cooperation will be
beneficial for both companies for the years to come.” – said Yerbolsyn
Sarsenov, ENEGIX CEO
In view of the recent surge in demand from miners, ENEGIX aims to develop additional mining infrastructure in the coming years. The company is in the process of securing power purchase agreements and developing design projects for additional mining facilities, planned to be executed in Kazakhstan.
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Hong Kong, July 16, 2021 – Antminer Maintenance Training Center (AMTC), formally known as Ant Training Academy (ATA), has re-opened and begun registration for participants to learn mining hardware maintenance and mining facility optimization. AMTC is a training service program launched by Bitmain based on knowledge dissemination, technology inheritance, and accumulation. It is the only training institution and certification authority in the industry that is officially certified by Antminer.
AMTC has released two types of courses. The
first is maintenance training, where customers can learn the skills to deal
with the latest Antminer faults independently. The second course is operations
and maintenance training. Participants will learn to understand the process and
foundations of improving the efficiency of a mining facility. Participants can
choose from the different courses according to their needs.
AMTC had mainly previously conducted
training courses in China and held maintenance training in the United States in
2019. Now two years later, AMTC is returning to the United States. The training
center will set up training courses in multiple states in the country,
simultaneously offering Antminer maintenance courses and data center
maintenance courses. The first training launch is in August. Kindly click the
link below for more information.
Hong Kong, June 29, 2021 – Bitmain – the world’s leading producer of cryptocurrency mining hardware, today announced a signed purchase order with TeraWulf Inc. (TeraWulf), which recently announced plans to become a publicly traded company that owns and operates fully integrated environmentally clean cryptocurrency mining facilities in the United States, for an order of 30,000 units of Bitmain’s latest generation miners, the Antminer S19j Pro.
The purchase order provides for a monthly allotment to be delivered from January to June of
2022. After full delivery and deployment of the order, TeraWulf is expected to increase its
total mining hashrate by 3 EH/s, from the additional 30,000 Antminer S19 Series miners.
Paul Prager, Chairman & Chief Executive Officer of TeraWulf, said, “This agreement with
Bitmain is the next step in TeraWulf’s plan to rapidly and efficiently scale our operations,
which is based on a proven model for success. With Bitmain’s miners in place, we expect to
substantially increase our total mining hashrate, furthering our efforts to generate
environmentally sustainable bitcoin at an industrial scale. We are confident that we can
continue to leverage our strong partner relationships as we seek to position our company as
the leading miner of sustainable bitcoin globally.”
“Partnering with TeraWulf represents a big step forward in the transition to a more resilient, stable, and sustainable mining platform. We are excited to provide our most advanced bitcoin miners as they build the largest, most environmentally friendly bitcoin mining facility in North America,” said Du Shisheng, Bitmain Mining Division Vice President.
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In recent times, Chinese customers have been reselling
miners to withdraw funds or reduce the time that their mining hardware remains
in China. However, the setup of mining farms does not happen overnight, and the
second-hand market is under pressure. To assist the industry towards a smooth
transition, Antminer has temporarily decided to suspend global spot sales.
Kindly note that customers who have already placed previous orders will not be affected. Bitmain will continue to sell futures orders from September onwards. The suspension of spot sales shall be from June to August.
At the start of the year, the market demand of miners was high, and supply was low. Thanks to Bitmain’s R&D and supply chain teams’ efforts, Antminer has achieved the increased production capacity for the future.
Faced with the difficulties during the pandemic, Bitmain
employees have risen to the recent challenge and urgently traveled overseas to
the US, Canada, Australia, Russia, Belarus, Sweden, Norway, Kazakhstan, Angola,
Congo, Indonesia, and other countries to help customers source high-quality
power resources for the industry.
The development of Bitmain is inseparable from the support
of its customers. Bitmain adheres to the values of “long-term, loyal, and a
win-win” while striving to cope with the industry changes, together with our
partners.
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On April 13, Bitmain held the Crypto Mining Forum (CMF) online for the North American Region. Antminer, AntPool, along with key customers and strategic partners all participated in the forum to deliver solid speeches and panels, aiming at bringing together the top leading mining companies’ insights on the current state and the future development of the cryptocurrency mining industry in the region.
Bitmain, Antminer, and AntPool Continues to Empower Users
and Mining Industry
The cryptocurrency mining industry has entered a new stage of
maturity and stability. Since Bitmain’s establishment in 2013, the company
has spared no efforts to develop advanced technologies and innovations to move
the industry forward.
Main Speakers
At the forum, Irene Gao, Sales Director of NSCA, Antminer, announced the new global sales strategy from Bitmain. The company will adopt an ordering method with insured clauses for users. To better meet the growing market needs for mining hardware, Antminer recently introduced an annual batch order purchase for the Antminer S19j Pro. Featuring a strong hash rate at 100 TH/s and a low energy efficiency ratio of 29.5 J/TH, the miner can truly bring a long-term investment value to customers.
Eric Wang, North American Operations Manager at AntPool, introduced the mining pool development. According to Eric, in recent years, he has witnessed a significant hash rate growth in the region and forecasts that the region will continue to grow.
To better empower miners, Bitmain announced at the CMF, the
company will develop a global mining map to assist customers in finding the
best/new locations for new facilities set-up. Besides, Bitmain will establish
more cooperative mining centers in North America to empower the industry to
flourish and promised to meet the goal of repairing miners in the region to achieve
a turnaround time (TAT) of 3 days. As the world’s leading cryptocurrency mining
platform, AntPool will continue to provide miners with more easy-to-use, safe
and efficient services, bringing rich and transparent income for miners.
Foundry: Hardware Becomes the Focus of Bitcoin Mining
Race
Michael Colyer, CEO of Foundry, the cryptocurrency mining subsidiary of Digital Currency Group (DCG), shared his observations and predictions on the current mining market. He said that due to the continuous advancement of Bitcoin mining technology, the mining industry’s demand for chips is competing with other cutting-edge technology companies such as Samsung and Apple, resulting in insufficient global chip supply and a situation of grabbing chip resources. Meanwhile, institutional miners have entered the game, making it harder for people to get miners, and resulting in more competition as intuitions have strong access to investments.
The specialty of the North American market is that companies have
access to capital markets. Therefore, more and more companies are planned to go
public in the next six months. Moreover, many energy companies have also begun
to investigate the Bitcoin market, considering its huge growth potential and
will be become more active over time.
In terms of the industry opportunity, Michael pointed out mining hardware
will be a great investment option, as most of the mining products can continue
to operate for 4-5 years, which will bring a long-term investment value to
miners.
State of Mining
2021: Large Scale Operation with Green Development
Panel Discussion 1 Speakers
Moderated by BitOoda CEO Tim Kelly, Core Scientific Chief Customer Success
Officer Russell Cann, Greenidge Chief Mining Officer Greg Ohanessian, Crusoe
Energy CEO & Co-founder Chase Lochmiller and Crusoe Energy President & Co-founder
Cully Cavness joined the panel themed in the State of Mining in 2021.
At the panel, discussers pointed out that as more and more users and institutions have joined the camp, the mining industry is no longer as fragmented and rough as the “wild west”, but it is now moving forward into a stage of institutional miners at a large scale. At present, larger financialization is happening in the space, which increases ways to finance the industry such as debt financing.
Moreover, mining companies pay more attention to relevant regulations and will also increase investment in environmental friendliness. The panel highlights that driving green energy for mining will bring more opportunities and will be crucial for the future.
In the United States, there is an interrelationship between energy and mining. Experts predict that the use of renewable energy and innovative technologies will become a new trend in the development of the mining industry. On one hand, more miners will attach more importance to the relations between mining and sustainable energy and will use renewable energy to promote the reduction of power consumption. On the other hand, the development and application of immersion mining technology is a future trend to keep an eye out for, which can effectively improve energy efficiency ratio of mining hardware, prolonging the life of miners, and provide mining companies with opportunities to open in better mining locations since favorable mining locations are usually in harsh environments.
Energy suppliers also starting to understand the mining industry’s demands,
providing more resources and services for large-scale digital mining. Hosting
service is also growing, as it comes with advantages such as low electricity
prices and professional management.
In the next few months, miners should consider that more hash rate will be
added once mining companies receive their future orders, which can affect the
profitability of mining. Altcoins, which provide different innovations, can be
considered, nevertheless, Bitcoin will be the core cryptocurrency from a long-term
perspective.
Trends & Innovation: New Business Model and the Influx of
Institutions
Panel Discussion 2 Speakers
Gemini Asia Pacific Business Development Bureau
Director Eugene Ng, Atlas Mining Founder Raymond Yuan, DMG CEO Sheldon Bennett,
Clean Spark CEO Zachary Bradford, and Luxor Co-founder & CFO Ethan Vera
discussed and predicted the mining trend and innovations at the second panel.
The panel pointed out the new trends in the mining
industry. First, the adoption of cooling system leads the new trends, as
immersion cooling provides the same hash rate with less power consumption. Far more important, driven by the vigorous
development of the Bitcoin mining industry along with multiple favorable
factors, a large number of new investment institutions have entered the market,
bringing in a new business model, i.e., the financialization of hash rate.
The influx of investors and institutions is just
the beginning. When more speculators participate in the cryptocurrency mining field
on a large scale, it will open the door for other digital currencies, and the
cryptocurrency market will usher in more opportunities. In terms of
technological innovation and application, topics were discussed at the panel around
software upgrades, financial tools, and energy improvements to reduce mining
costs.
The North American session of the Cryptocurrency Mining Forum was successfully concluded. The CMF Forum is a series of global events held by Bitmain, aiming to build an information-sharing platform for the global mining industry’s discussion, prediction, and prosperity. The forum has been successfully held in Miami, Toronto, Kuala Lumpur, and in other cities before, which has gained extensive support and large popularity from Bitmain’s customers, partners, and miners around the world. Soon, the CMF Forum will set sail again in Europe (online), let us look forward to more exciting insights brought by the European section!
In view of the current strong market demand for mining hardware, Bitmain will officially launch an annual batch order purchase for the Antminer S19j Pro, which will be opening next week. Starting from August 2021, customers can receive a batch of Antminer S19j Pro every month for a period of one year.
The hash rate of S19j Pro is as high as 100 TH/s, boasting a low energy efficiency ratio of 29.5 J/TH, and the life cycle of the miner is expected to exceed 5 years. In addition, Bitmain’s excellent manufacturing quality and after-sales service will be a strong guarantee for a long-term investment to customers.
Due to
the global shortage of chips, the order quantity of this batch is limited. Please
contact the respective account manager to order.
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Once the new miners are deployed, Riot
Blockchain will nearly double its total hash rate to 7.7 EH/s
Hong Kong, April. 08, 2021 – Bitmain – the world’s leading producer of cryptocurrency mining hardware today announces a new purchase deal of 42,000 Antminer S19j miners with Riot Blockchain, Inc. (“Riot Blockchain” or “Riot”), a Nasdaq-listed cryptocurrency mining company. A minimum of 3,500 Antminer S19j ASIC miners are scheduled to be delivered monthly to Riot starting in November 2021, and the rest are planned for receipt and deployment through October 2022.
The new $138.5
million purchase represents a robust strategic plan and a growth milestone for
Riot to increase its bitcoin mining hash rate. Once the new miners are fully
deployed, Riot is predicted to gain a significant hash rate growth to 7.7 EH/s,
which nearly doubles the company’s previously estimated mining rate capacity of
4.0 EH/s by October 2021.
“We are
excited for our long-term cooperation with Riot as they continue to solidify
their growth and position as one of the global leading companies in Bitcoin
mining. This growing partnership is also a strong proof of our S19j. The model
has inherited Antminer S19 series’ remarkable hash rate and industry-leading
manufacturing quality with excellent power efficiency. The new order of
Bitmain’s next-gen Antminers will undoubtedly assure the rapid growth and the long-term
investment of Riot’s mining operations”, said Irene Gao, Antminer Sales
Director of NCSA Region, Bitmain.
“This long-term purchase order marks a major milestone in the continued
expansion of Riot’s mining operations,” said Megan Brooks, COO of Riot. “Our
existing fleet of miners has already positioned us as a public-company leader
in Bitcoin mining. By nearly doubling our planned hash rate capacity, we are
taking a great stride in growing our share of the global hash rate
distribution. We are proud of this accomplishment and remain focused on
continuing to evaluate additional opportunities in the space.”
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On March 12, Bitmain held the “2021 Bitmain Partner Summit” in Shenzhen, China. The summit aimed to foster a new win-win partnership approach with the company’s customers and partners for the future development of the mining industry. Many of Bitmain suppliers, customers, and strategic partners gathered at the summit. Chairman Zhan Ketuan and several company executives attended the summit.
At the meeting, Mr.
Zhan presented a keynote speech on the current situation of the industry and
reformation trends. Several executives from Bitmain also shared corresponding
presentations on their respective segments.
2021 Bitmain Partnership Summit
Mr. Zhan pointed
out that the current digital currency mining industry has entered a mature and
stable period. As the total market value of global digital currencies is
approaching USD 2 trillion, new changes have taken place in the global
distribution of computing power. The share of overseas computing power has
expanded and crypto mining concept
stocks have emerged in the US capital market.
Since its
establishment in 2013, Bitmain has had the ambition of developing advanced technologies
and continuous innovation to achieve long-term technological leadership. At
present, the Antminer brand covers all mainstream POW digital currencies and has
maintained outstanding performance attaining the world’s largest market share.
Mr. Zhan also clarified the future development policy of Bitmain, explaining that the company will continue to expand the development of computing power. Adhering to the concept of “Openness, Cooperation, and a Win-win Partnership” approach, Bitmain aims to achieve long-term cooperation with more excellent supply chain partners and will continue to enrich mining pools, data centers, and cloud computing services. Ecological partners in the fields of energy, energy recycling, etc., will provide a solid guarantee for the long-term investment of customers.
Awarding Ceremony of Excellent Supply
Chain Partners
Bitmain has always
been committed to providing the world with the best computing power chips. The
annual output of Antminers has reached one million units, requiring hundreds of
millions of chips. The achievement of the brand was feasible thanks to the
support of the leading technology and abundant output of excellent suppliers of
Bitmain.
Sun Yonggang, IC
Operations Director of Bitmain, said that being faced with the growing market
demand and fluctuations in production capacity, Bitmain will award excellent
suppliers who possess exceptional operations, especially under the pressure of
the global pandemic and the surge in market demand. Bitmain will work together
with many supply chain partners to advance the stable supply and production of
mining hardware.
Distinguishing the
long-term contributions of supply chain partners, Bitmain awarded 24 excellent
supply chain partners from the three dimensions of chips, processing services,
and materials.
Awarding Ceremony of Excellent Supply Chain Partners
Empowering Bitmain’s
Business Model
Du Shisheng, Vice President of Bitmain’s Mining Division, shared the deployment plan of Bitmain’s mining hardware business. Since the launch of the Antminer S19 series, it has led the global market with the industry’s best computing power, energy efficiency ratio, quality, and after-sales service. The 19 series upgraded the chip packaging, integrated heat sinks, and anti-corrosion designs for the hash boards. The product’s life cycle is expected to reach more than 5 years in operation having a long-term investment. Du said, that the long-term sales strategy of Bitmain will adopt an ordering method with insured clauses. At the same time, he pointed out that after Antminers are shipped from the factory, it is just the beginning of Bitmain’s services to its clients, whether it is for data center construction, operation and maintenance, professional software services, maintenance requirements, or other related functions.
For the cultivation
of talents, Bitmain will use the experience accumulated over the past eight
years as a guide to solving the uncertainties of the industry, and in various
fields such as data centers, mining pools, cloud computing, water-cooling, and
energy recycling, Bitmain will adhere to the principles of openness,
cooperation, and win-win partnership. Bitmain will select multiple partners to
lead the industry’s ecology toward success.
Du Shisheng, Vice President of Bitmain’s Mining Division
Gao Yu, COO of AntPool,
introduced the future development plan of the company. He believes that as the
mining industry has stepped into a larger scale and specialization, the mining
community is gradually transitioning from individuals to institutions and
enterprises, from this, auditing problems have arisen due to the demand for
listing companies. Therefore, AntPool will create a professional SaaS service
platform for these important points and will provide customers with a more user-friendly
interface, complete functions, and rich and transparent benefits. The company
will also provide clients with professional financial services.
In addition, Guo
Yiliang, Head of the Operation and Maintenance Department of Bitmain
Supercomputing Research Center Institute, discussed the distribution of global
mining resources, analysis of ecological changes, iteration of mining strategies,
development and sharing of global high-quality power resources, water-cooling
trends, and operation and maintenance services.
In terms of service
innovation, Chen Jie, Customer Service Director of Bitmain, pointed out that the
customer service team of Bitmain adopts a combined response model of manual and
intelligent services, and actively accepts customers’ diverse needs in terms of
business, support, and after-sales. The company will continue to uphold and
offer the best customer service.
Annual Purchase Agreement Signing Ceremony for a Win-win
Partnership
At the summit, Zhou
Feng, Vice President of Bitmain’s Asset Management Department held an annual
procurement signing ceremony with 13 companies.
The companies: 大陆方舟、The9、Wayi,
Valarhash,
西进数据,
Atlas Mining 、Code Chain New Continent、Feixie
Technology、General Mining Research、Parallel
Ventures、Core Scientific、Phoenix
technology, and Powerry.
Annual Purchase Agreement Signing Ceremony
Bitmain always puts
great importance on a growing partnership with high-quality customers for
“Long-term Planning, Investment Value, loyalty, and a Win-win Partnership”.
In addition to achieving the best energy efficiency ratio, cost-effectiveness,
manufacturing quality, and after-sales service, the company will also provide
exclusive services for “VIP customers”. The guarantee of production
capacity to ensure that these VIP customers can get a certain number of miners,
to better allocate funds and resources for data centers.
Also, two distinguished
partners from Bitfufu and 大陆方舟also shared themes at the end of the
summit. Lu Haiyi, Director of Bitfufu, introduced the business advantages of the
company. Lu said, as the mining industry enters a new stage of globalization
and specialization, cloud computing has more room for development. As Bitmain’s
official cooperation and standardized computing platform, BitFuFu provides
users with more professional and open mining services. In the future, BitFufu
and Bitmain will carry out in-depth cooperation in various aspects such as
mining hardware, data centers, and mining pools, and jointly explore the
standardization of computing power. The two companies will jointly carry out
the first sale and supply of new generation products, jointly developing the
global market.
Lu Haiyi, Director of Bitfufu
Sun Li, Chief
Financial Officer of 大陆方舟, focused on the application prospects of
blockchain in the new era. As a leading company in the blockchain distributed
computing center, 大陆方舟will devote itself to establishing a “blockchain+” business
model. Sun said, with the blessing of blockchain technology, the basic
functions and applications of the digital platform can be upgraded and
transformed, which will generate a stronger driving force for the economy and
society.
The 2021 Bitmain Partner Summit was successfully held and witnessed the growth of Bitmain and its partners. Zhan Ketuan said, “In the current era of rapid development and changes in global digital currency and mining industry, Bitmain will work together with more customers and strategic partners and aim for a win-win partnership. Bitmain will continue to focus on developing computing power and a customer-centric strategy to provide customers with more excellent products, diverse service innovations, and long-term investment guarantees, and create a better ecology for the common prosperity of the industry.”
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The second batch of Antminer S19j was quickly sold out, which once again confirms the market’s full trust and confidence in Bitmain’s products.
Established with an excellent R&D and supply chain system,
Antminer continues to provide customers with the most advanced computing power
and power efficiency ratios in the industry, becoming a well-known choice for
many long-terminvestment
customers. The Antminer 19 Series inherits the excellent reliability,
performance, and quality known from Bitmain, while also providing customers a
comprehensive after-sales service to maintain and ensure high-quality mining
operations. The life cycle of the 19 Series is expected to reach more than 5
years.
As the global digital currency mining industry enters into a new
stage of large-scale and mature development, Bitmain will continue to develop
computing power technology, enrich mining pool resources, mining farms, and
cloud computing power platforms to provide customers with better products and
services. Bitmain values long-term cooperation with its customers, and will
work closely with everyone to cope with the changes and fluctuations in the
digital currency market and achieve the strategic goal of win-win cooperation.
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In order to meet the strong market demand for
Antminers, Bitmain will begin selling the second batch of Antminer S19j orders.
The Hash rate of S19j is as high as 90 TH/s, with a power consumption of 3100W,
and power efficiency ratio as low as 34.5 J/T. Bitmain will continue to provide
customers with high-quality products guaranteeing quality and perfect
after-sales service. The Antminer S19j is expected to operate for more than five
years, providing miners assurance for long-term value investment. This batch of
miners will go on sale on March 02, 14:00 (GMT+8), and is scheduled to be
shipped in October!
For inquiries to order the second batch of
Antminer S19j, kindly email the corresponding regional sales channels:
