Category: Cryptocurrency News (page 1 of 6)

BITMAIN Reward Coupon Program

In the midst of crypto winter, BITMAIN is launching a reward coupon program to share our gratitude for your continuous support.

Who can qualify?

Customers who purchased standard Long-term Agreements (LTA) from July to August 2021 and paid 100% of the payment for delivery batches in July 2022 or before with no cancellations.

a) If there is a delay in the middle payment for delivery batches mentioned above, coupons will not be issued.

b) If there is a cancellation or partial cancellation for the delivery batch mentioned above, coupons will not be issued.

Definition for standard LTAs:

a) Single agreement containing 6 or more delivery batches.

b) Single agreement containing 3 or more delivery batches with a delivery period of 6 months or more.

c) Customer-specific preferential agreements not included.

Coupon Delivery Time

Before August 15, 2022

Coupon Issuance Rules

For standard LTAs that are Non-fixed Price Sales and Purchase Agreements, customers can enjoy 4% of the total payment amount of the batches

For standard LTAs that are Futures Sales and Purchase Agreements, customers can enjoy 2% of the total payment amount of the batches

a) If the above batches have not been delivered, coupons will be issued after the delivery is completed.

Coupon Usage Policy

(a) Effective time: Effective from the date of issue.

(b) Expiration time: Coupons are valid for 6 months from the date of issue.

(c) Usage policy: Reward coupons can deduct up to 30% of the total order amount, however the maximum deduction for each installment is 30% in the installment agreement; If the installment amount has already been paid when the coupon is used, the coupon deduction amount in the current period will be automatically attributed to customer’s BITMAIN balance.

(d) Usage rule: Coupons are available for batches from July 2022 or later.

(e) Circulating policy: can be circulated among users.

Appendix: Standard LTAs sold during July-August 2022

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BITMAIN Reward Coupon Program

In the midst of crypto winter, BITMAIN is launching a reward coupon program to share our gratitude toward your continuous support.

Program Details:

  • Who can qualify?

Customers who purchased standard Long-term Agreements (LTA) from February to June 2021 and paid 100% of the payment for delivery batches in July 2022 or before with no cancellations.

Definition for standard LTAs:

  1. Single agreement containing 6 or more delivery batches
  2. Single agreement containing 3 or more delivery batches with a delivery period of 6 months or more
  3. Customer-specific preferential agreements not included
  • Coupon Delivery Time

Before July 15, 2022

  • Coupon Issuance Rules

(a) For standard LTAs that are Non-fixed Price Sales and Purchase Agreements, customers can enjoy 4% of the total execution amount rewarded as coupons as of July 2022.

(b) For standard LTAs that are Futures Sales and Purchase Agreements, customers can enjoy 2% of the total execution amount rewarded as coupons as of July 2022.

  • Coupon Usage Policy

(a) Effective time: Effective from the date of issue

(b) Expiration time: Valid for 6 months from the date of issue

(c) Usage policy: Reward coupons can deduct up to 30% of the total order amount, but the amount of coupons applied with the ongoing installment order payment cannot be deducted from the entire amount payable within a certain period at one time, but up to 30% of the amount payable in the current period

(d) Usage rule: Available for batches from July 2022 or later

(e) Circulating policy: can be circulated among users

Appendix: Standard LTAs sold during February-June 2022

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New Batches of ANTMINER Z15 Officially Go on Sale From February 14 to 17

Dear Valued Customers,

New batches of ANTMINER Z15 will be released on the official ANTMINER website (https://shop.bitmain.com/) and will be available for purchase from February 14 to February 17. Customers will have access to daily batches every 08:00 p.m. (ET) and each customer account can purchase up to 50 units daily.

Payment shall be made by USDT, BTC or USDC. Customers are advised to settle the payments as soon as possible to confirm the order. Orders will be shipped from Shenzhen, China in ten days after the payments are confirmed.

BITMAIN

February 14, 2022

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Bitmain Successfully Held the Digital Mining Conference, Gathering Top Experts to Discuss Future of the Industry

Hong Kong, September 13, 2021 –  Bitmain – the world’s leading producer of cryptocurrency mining hardware successfully held the Digital Mining Conference on September 09 in Miami, FL.  Industry elites, including the world’s leading mining manufacturers, clean energy suppliers, miner hosting service platforms, and financial companies gathered here to share new mining industry innovations.

Francis X. Suarez, Mayor of Miami, Maurice Daniel, Chief of Staff to the former US Vice President, Clark Du, Bitmain Mining Division, Vice President of Bitmain, and the founders and CEOs of companies including, Bit5ive, Foundry Digital, Compass Mining, Compute North, Core Scientific, Marathon Digital Holdings, Celsius Network, GryphonDigital Mining, CleanSpark, Greenidge, BlockQuarry, Asic Jungle, Applied Blockchain Inc., Minerset, DELV A Division of Cryptech Solutions, iMining, Monbanc, NFN8 Group LLC., GSV Futures, attended the conference.

Digital Mining Energy Conference Attendees

Thousands of digital mining supporters from all over the world watched the live broadcast. The conference highlighted topics such as green energy mining, mining globalization, mining infrastructure construction, mining policies, and regulations in North American.

Francis X. Suarez, Mayor of Miami providing the opening speech of the event

Francis X. Suarez, Mayor of Miami, opened the conference by sharing constructive words highlighting industry achievements. “Miami is ranked first in the nation for new tech job growth, creating 8000 jobs, and has moved over 800 billion dollars of assets under management in the last 16 months. None of these would be possible without understanding the technological movement, Bitcoin, the blockchain, and companies like Bitmain mean to power the infrastructure of this new generation and revolution.”

Irene Gao, BD Director of NCSA Region, Antminer

North America has been leading the expansion of digital currency mining on a global scale. The speech made by Irene Gao, BD Director of North, Central, South Americal region of Antminer, discussed the development of digital currency mining and talked about the local advantages in power resources, policies, and regulations. Gao mentioned how North America still has several disadvantages, such as slow construction of mining farms and insufficient talent accumulation in the industry.

To speed up the construction of mining farms, Bitmain launched its self-developed air-cooled container, the Antbox N5 V2 in August. At present, the delivery batches for August and September have sold out already and started shipping to the United States, and delivery batches for October have begun sales. At the same time, to match the speed of mining farm construction and strengthen the training of talents in the industry, the Antminer Maintenance Training Center (AMTC) has upgraded the miner maintenance training courses and added operations training and maintenance training courses. At present, the first batch of trainees recently completed the course and have begun to participate in practical undertakings.

In response to the relatively poor timeliness of miner maintenance overseas, Bitmain has launched HUB warehouse services. It is expected that the maintenance time of miners in North America would be reduced from three weeks to four days, the logistics time would be reduced by 79%, and the mining revenue loss would be reduced by 53%. Before December this year, HUB warehouse services will also be launched in Kazakhstan. In the future, Bitmain plans to set up more HUB warehouse outlets around the world

As discussed by the speakers at the conference, the digital currency mining industry still has growth potential. The industry is moving towards more advanced hardware equipment, better power resources, more innovative business models, better capitalization, participation in global business and policy activities, and longer-term sustainable development prospects.

Bitmain would like to thank all its valued customers from all over the world. Bitmain believes that the development and success of the company are inseparable from the trust and support of our customers. Bitmain will continue to adhere to the values of “Long-term Cooperation”, “Trustworthy Partnerships”, and Develop “Win-win Situations” to provide customers with excellent performance and quality products.

World Digital Mining Summit 2021 in Dubai

In November this year, Bitmain will host the World Digital Mining Summit 2021 in Dubai. The summit will deliver a broader and more efficient platform for information, exchange, and resource sharing. At that time, WDMS will bring more insightful industry prospects and policy analysis. The conference will also discuss advanced mining equipment information and brand new hosting service opportunities, water-cooled mining solutions, and many other excellent topics.

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Antminer S19j Pro Q1 and Q2 Quarterly Orders have Successfully Sold Out, New Orders Coming in September

As the global digital currency mining industry enters into a new stage of development, Bitmain places more attention on long-term investments and cooperation with its customers to adapt to market fluctuations.

The current Antminer sales model supports the value of long-term investing, which is widely recognized by global customers. The recent batch of Antminer S19j Pro for Q1 and Q2 orders of 2022 began sales during the middle of August and has successfully sold out in a short period of time. Carried by strong market demand, the confidence of customers remain at an all-time high, which stimulated the rapid sales of the miners.

The Antminer 19 series represents Bitmain’s capabilities as one of the world’s leading producers of cryptocurrency mining hardware, manufacturing excellent products, and leading the industry in computational power. In addition, Bitmain provides comprehensive after-sales services that guarantee assurance to long-term investors. This is realized through the successful launch and support which was provided to the S9 series. The 19 series receives the same support and is expected to have a remarkable lifecycle of over five years.

Due to the recent global chip shortage and the impact of the epidemic, the delivery cycle of semiconductor materials has been affected. In order to ensure customers with stable and quality products, Bitmain’s supply chain team actively worked with global partners to effectively enhance the production of Antminers to meet global demands. Currently, Bitmain will continue to steadily increase the production of its products.

Bitmain is grateful for the continuous support from its customers and is committed to providing better products and services. The sales plan for the next batch of Antminers is set to be released in September for Q2 and Q3 of 2022.

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CMF North America: The Current State and Future of the Cryptocurrency Mining Industry

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!

Video link to CMF North America

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Bitmain Officially Announces the Antminer S19j Pro Annual Batch Order Purchase, Opening Next Week

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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Bitmain Signs a Milestone Deal of 42,000 Antminer S19j miners with Riot Blockchain

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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Leading the Market Through Long-Term Investments, the Second Batch of Antminer S19j was Quickly Sold out Again

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-term investment 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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The Second Batch of Antminer S19j Will Officially Go on Sale on March 02

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:

  • sales.ncsa@bitmain.com (North, Central, South America)
  • sales.apac@bitmain.com (Asia-Pacific)
  • sales.emeacis@bitmain.com (Europe Middle East, and Africa & Commonwealth of Independent States)
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