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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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The 2021 Bitmain Partner Summit was Successfully Held, Establishing a Stronger Platform to Foster a Win-win Partnership Approach

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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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:

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Bitmain makes another wave, the first batch of Antminer S19j is sold out, order contracts were well received by long-term investment customers

Hong Kong, China, February 27, 2021, Bitmain – the world’s leading producer of cryptocurrency mining hardware announced that the first batch of the Antminer S19j after the Chinese New Year had quickly sold out. Due to the high demand, Bitmain is preparing the second batch to meet with customer’s high demand.

The Antminer S19j maintains exceptional mining capabilities from Bitmain, displaying advanced power efficiency and cost-effectiveness. Similar to the highly-established Antminer S9, the Antminer 19 Series is expected to exceed a 5 year mining lifetime. In addition, Bitmain offers excellent manufacturing quality and after-sales service to guarantee long-term value to investment customers.

As the global cryptocurrency mining industry enters a new stage of development, in terms of sales, Bitmain plans to launch a variety of services for long-term cooperation clients. Bitmain aims to adaptively respond to market opportunities and challenges to conduct joint value investments to achieve the strategic goal of creating up a win-win partnership.

Thanks to valued customer support to the Bitmain and Antminer brand, Bitmain will be holding the “2021 Bitmain Partner Summit” in Shenzhen, China on March 12. During this summit, Bitmain will announce its global sales strategy and introduce the new sales ordering model and other important developments.

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Antminer Business Operations Notice

Dear valued customers,

We thank you for your continued support. Antminer is here to inform you that product delivery and sales services will not be affected by Bitmain’s internal changes. Our sales policy for customers remains unchanged, and all signed contracts will continue to perform in accordance with the terms and conditions.

Antminer will continue to be fully committed to bringing innovative products, as well as providing you with high-quality services. Please feel free to get in touch with the sales team through the following contact details:

Your trust is our driving force to do better. Thank you again for your continued support to Antminer! 

Antminer Team

January 27, 2021

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Ant Training Academy Releases 2021 Course Schedule

Sign Up Now to Get a Special New Year’s Deal and an Extra Surprise

Looking back into 2020, a year like no other, Bitmain’s Ant Training Academy (ATA) had made some significant and immediate adjustments to ensure trainees worldwide to receive effective training courses. Moving forward, ATA releases its 2021 S1 course schedule and prepares a special deal for early birds.

2020 Ant Training Academy Milestones

  • April — Domestic/overseas online maintenance training Launch
  • May — Global mining forum and GMF Chengdu Summit
  • June — Released onsite courses on power maintenance in China, optimized the course setup (mandatory and elective courses)
  • June — Strategic partnership with ViaBTC pool for ATA bursary program
  • July — Antminer S19 onsite maintenance training courses
  • August — Antpool online livestream event
  • October — Onsite training course upgrade in China (from Level ½ courses to long-term/short-term courses)
  • November —Antminer S19 online maintenance training courses
  • November — Bitmain mining summit
  • December — Year-end client reward.

2020 ATA’s Maintenance Training Course Data at a Glance

In 2020, Ant Training Academy held 13 onsite maintenance training sessions, with more than 90+ enrolled participants at a 100% qualification rate. 

Given the global impact of the Covid-19 pandemic, ATA also launched online courses in time to help those in need of Antminer maintenance training. In 2020, ten online training sessions were launched in China, while seven were held overseas, involving more than 140 trainees worldwide. Among those participating in the assessment, the certified rate of domestic trainees was 66.7% and 75% for the trainees overseas.

2020 ATA Trainees by Statistics

2021 New Course Preview and a Special Deal for Early Birds

2021, ATA will continue to upgrade and enrich training course offerings to meet the diverse needs of trainees, with more optimized professional guidance and practical experience.  2021 S1 training course schedule has been released, and are now open for application:

  • March 8th -20th   Domestic Online Training Course
  • March 15th -26th   Oversea Online Training Course
  • March 8th -20th   Domestic Onsite Long-term Training Course
  • March 15th -19th   Domestic Onsite Short-term Training Course

* Please note that the actual schedule is subject to specific arrangements

As a big part of the Bitmain community, ATA takes our trainee experience as a priority. Stepping into 2021, ATA has a special discount offer for early birds.

Those who complete new course registration and payment between January to April 2021 will receive:

  • $50 off coupon on course material purchase
  • A chance to win a $300 registration discount

Extra Surprise When You Share

Helping to spread the offer on your social media will get a chance to win an extra surprise. Between 2021 January 20th to 24th, share this post on your Facebook or Twitter, and we will give away a $20 off coupon for those who can get over 68 likes on their shared post.

Just remember to send us the screenshot of the post with your valid name, phone number, Antminer email address to [email protected] or Official Facebook/Twitter accounts. The coupon will be given to your corresponding official website accounts by January 31st, 2021.

Limited offers only. First come, first serve!

*Antminer serves the right to interpret.

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Bitmain Signs Another Deal of 15,000 Antminer S19 Series with Riot Blockchain, Empowering it with a Significant Mining Hash Rate Growth

Hong Kong, Dec. 22, 2020 – Bitmain – the world’s leading producer of cryptocurrency mining hardware today announces a new purchase deal of 15,000 S19 Series Antminers with Riot Blockchain, Inc. (“Roit Blockchain” or “Roit”), a Nasdaq-listed cryptocurrency mining company.  This approx. $35 million purchase is comprised of 3,000 S19 Pro Antminers (110 TH) and 12,000 S19j Pro Antminers (100 TH). These top-selling miners are scheduled for receipt and deployment starting in May 2020 and continuing through October 2021.  

In total, Riot has purchased 37,640 next-gen fleet of miners from Bitmain within this year.  Bitmain’s S19 Series has quickly become a true game-changer and a model of high performance in the market since its debut. With the new order of 15,000 S19 series Antminers, combined with the previous purchases, Riot is predicted to significantly increase its mining rate capacity to 3.8EH/s in 2021 and will gain an aggregate mining efficiency of 31.79±% 5 J/TH after full deployment.   

“We are extremely excited to expand and deepen our partnership with Riot Blockchain again this year. In total, Riot additionally purchased 15,000 Antminer 19 series. The 19 series enjoy a wide popularity in the global markets with outstanding hash rates and power efficiency, which continuously bring tremendous values to our customers around the world. I am confident that with the new purchase, Riot can continue to grow their mining operation and play an increasingly vital role in bitcoin mining across North America.” said Irene Gao, Antminer Sales Director of NCSA Region, Bitmain.

“Continued growth in deployed miners is paramount to a miner’s success,” said Jeff McGonegal, CEO of Riot. “Expanding the Company’s bitcoin mining hash rate and operating on a cost-effective basis is very important, particularly during periods when the bitcoin spot price has appreciably increased. We are pleased to have secured this latest purchase, especially given that the available supply of mining hardware continues to become increasingly scarce.”

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Bitmain Facilitates Long-Term Partner Core Scientific Becoming the Largest Miner Hosting Provider in North America with over 58,000 additional S19 Series Antminers

76,024 S19 Series Antminers are Purchased by Core Scientific in the past 16 months

Hongkong, Dec. 18, 2020 Bitmain – the world’s leading producer of cryptocurrency mining hardware, today announced a new purchase deal with Core Scientific, the largest blockchain hosting provider in North America. More than 58,000 additional S19 Series Antminers will be shipped to Core Scientific through September 2021, bringing the total purchase of Bitmain’s S19 Series to 76,024 in the past 16 months for the value of over 129 million USD.

Back in June this year, Core Scientific has bought 17,595 units of Bitmain’s next-gen Antminer 19 Series. Ever since then, the market demands for digital asset mining has been growing significantly and driving hosting service providers, such as Core Scientific, to expand their facilities. Bitmain’s S19 Series has been the top-selling mining machine in the global market ever since launched. With the custom-built 7nm chip from Bitmain, S19 Series has set a new industry standard and proven its stable yet efficient performances.

“Since our last purchase agreement with Bitmain in June, Core Scientific has witnessed surging demand from new and existing customers in addition to a significant uptick in institutional interest for digital asset mining in North America. I am very pleased to note that over 17,000 of Bitmain’s new-gen digital mining machines have been stable and operating efficiently within Core Scientific’s facilities. This is instrumental as we compete for head-on for global hash rate and solidify our position as the largest hosting provider in North America.” Said Kevin Turner, President, and CEO of Core Scientific.

“Core Scientific has been a long-time customer and friend to us. Together we have been driving the digital asset mining ecosystem in North America. This new purchase is another strong proof of their determination to take the game to the next level by facilitating more customers to participate in the mining market. We are honored and glad that our products can be part of it.” said Irene Gao, Antminer Sales Director of NCSA Region, Bitmain.

Earlier this year, Bitmain just announced to set the very first and only cooperative repair center in North America through a partnership with Core Scientific. Before that, Core Scientific cooperated with Bitmain to bring the very first Antminer Training Academy to North America last year.

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Understanding the Dry Season for Mining in China

Starting from September, the Southern West of China enters the dry season, meaning the low price of hydropower in that region is no longer available until the rainy season next year. The dry season creates a tremendous impact on the mining landscape of China, even the world. Without the advantage of low electricity costs, miners in China are looking for ways to stay profitable and survive the dry season. Income depends on the revenue brought by the miner’s computing power and the cost of operating the miner. 

Electricity Cost Control

Without the cheap hydropower, the more economical electricity resource is now the thermal power located in Inner Mongolia and Xinjiang. To maintain operations, some miners choose to move their miners to these areas. A smooth and successful migration depends on the following items:

Consistent and Reliable Power Supply

Except for the competitive price, the continuity of the power supply should be a priority. In fact, in many thermal power generating areas, the power supply stability has been an issue when mining farms cluster around power stations, sometimes causing instability.

Compliance

Regulations may affect the power supplied to facilities and, some provinces in China may not be as supportive of mining. For example, although featuring the advantage of low electricity price, Inner Mongolia government is controlling the area’s mining operation. At the end of 2019, the Ministry of Industry and Information Technology in Inner Mongolia issued a notice to the Inner Mongolia Power (Group) Co. Ltd. Under the notice, some companies who were found undertaking mining operations would no longer be able to obtain favorable electricity prices through Inner Mongolia’s Multilateral Trading Market.

Partner

The reliability of the partner is also a key factor to consider. Before signing the contract, miners should take into consideration the reputation, infrastructure, and operating mode of the mining farm, also its compliance to avoid unexpected losses.

Miner Efficiency Iteration

The dry season brings challenges but also great opportunities. With the elimination of older miner models, the overall hash rate of the network has decreased, so has the overall difficulty, leaving more room for new machines with higher hash rates to enter.

Bearing that in mind, a solution of better-performing machines is key to grab the opportunity. Bitmain’s Antminer 19 series is a strong proof of that. The Antminer S19 Pro features a hash rate of 110 TH/s and an impressive power efficiency of 29.5±%5 J/TH. The Antminer S19 is equipped with a hash rate of 95 TH/s and power efficiency of 34.5±%5 J/TH. And once the series is out on market, it was sold out immediately,  Bitmain has delivered tens of thousands of Antminer 19 Series and has been continuously optimizing the supply chain.

The nearly six-months dry season has always been a challenge for miners in China, but at the same time, there are still plenty of opportunities. Bitmain continues to help customers discover and seize opportunities with more high-quality products and services.

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