On November 24th, Bitmain joined hands with Matrixport to host the Mining and Investment
Summit 2020. This half-day online event brought together the top leading
companies in the fields of Cryptocurrency Mining and Digital Asset Financial
Services, which delivered the latest and most significant Global Mining Trends,
Risk Management, and Investment Opportunities currently happening in the industry.
The Mining and Investment Summit
featured three keynote speeches and three-panel discussions. Su Ke, Sales
Director of EMEA CIS Region of Antminer, participated and delivered the very
first keynote speech, in which he addressed the current market trends, especially
the growing demand for miners. He also announced the launch of Bitmain’s new
products – Antminer S19j and S19j Pro,
following the significant success of the 19 Series. The delivery date for this
miner is set in June for China and July for the overseas market.
Su Ke then introduced Bitmain’s recent rack-style new product – AntRack, highlighting its key features, such as its modular design with hot-swappable features, upgradable hash boards, and the water-cooling unit. Su Ke also announced the AntRack to have an estimated availability in May 2021.
Following Su Ke’s presentation, Cynthia
Wu, Head of BD and Sales of Matrixport, and Eugene Ng, Director of BD of
Matrixport, discussed how miners could maximize gains and hedge risks in
today’s market. They discussed Matrixport’s products of hedging with a
leveraged bear, buy an insurance (buy a protective put), dual currency product,
smart trend, and lending. This was followed by Thomas Heller, COO of Compass,
who explained the current state of Bitcoin mining. In the panel discussions,
industry elites talked about the global mining landscape, interesting mining
trends in 2020, as well as the operations and investment into mining.
The summit came at a crucial time for
the industry as the market demand for new and innovative ways to strengthen
digital mining is growing, and the global landscape is undergoing a drastic
reshape. Bitmain is looking to participate and even host more events like this
to develop and share insightful observations and instructions, together with
the top minds of the industry.
Interested viewers can find the event
video here. If you are interested in
participating in the next online event, feel free to contact marketing@bitmain.com
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Bitmain is officially announcing a new rack-style mining equipment – AntRack. Featuring a hot-swappable modularized configuration, it is easy to deploy and upgrade with no need to turn off, and the rack-style design is an excellent option for customers of large-scale operations.
AntRack demonstrates
strengths in terms as following:
Easy to Deploy
and Expand
AntRack adopts a module design, including five key modules – 1 Rack, 1 Power Distribution Unit, 4 Servers, 1 Management Unit, and 1 Water Cooling Unit, and the crucial parts – Hash Board, Control Board, Power Supply Unit (PSU), and Fans – are all hot-swappable for optimized operations, significantly reduces the risk of machine depreciation while maximizing the effective mining time, making it a perfect option for customers looking to manage expansion cost and raise the rate of return. As long as the location allows, customers can set up as many AntRacks as needed, easy to expand anytime.
Suitable
for Large-Scale Operations
AntRack Large-Scale Deployment
Rack-Style Miner is a perfect fit for large-scale deployment of mining farms and Internet data centers (IDC). AntRack can easily be deployedand get to work once its 3-phase AC power cable and network cable are plugged in, and the inlet & outlet for the water-cooling system is set. Besides, Bitmain provides an all-in-one data center solution – ANTBOX, each contains 10 AntRack miners. By configuring the 3-phase AC power supply, network port, and water-cooling system, mining is possible in almost every location.
Easy to
Upgrade and Reliable
AntRack Hot-Swappable Design
The hot-swappable design of the AntRack allows replacing the hash board with the latest generation chipsets (7nm to 5nm, 3nm, and 1nm), each upgrade improves the overall computing power while maintaining the same power consumption. Also, each server of AntRack has PSU’s which provide 3+1 redundant operations to ensure that mining is never interrupted.
“Our design is driven by a problem-solving mindset. It has come to our attention that many of our customers are challenged when trying to expand their operations. The cost of equipment upgrade – not only the investment in new machines, but also the time consumption when turning down the old machines to switch with new ones. AntRack is our solution to that problem. Featuring a hot-swappable modularized design, AntRack can be conveniently and efficiently applied on large-scale deployment, while maintaining an effective management of budget in operation.” said Sun MingHui, AntRack Project R&D Director.
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Bitmain – the world’s leading producer of cryptocurrency mining hardware announces that it has signed another purchase contract with Marathon Patent Group, Inc. (“Marathon”), the largest Bitcoin Self-Mining companies in North America for the purchase of an additional 10,000 next-generation Antminer S19 Pro Miners. With the purchase of 10,500 S19 pro miners in August and other deals earlier in the year, Marathon has by far bought a total of 22,660 Bitmain S19 pro miners this year.
500 S19 Pro Miners will be delivered to Marathon in November this year and beginning in 2021, thousands of S19 pro Miners will be shipped and deployed every month up until June. Marathon is looking at a total hash rate of 2.57 EH/s once all these 22,660 Antminers are in place.
“This collaboration continues to
strengthen our cooperation and will extend to future work together as Marathon
expands its presence. It is also another strong endorsement for Bitmain’s
next-generation S19 Pro Antminers, which houses the most advanced chipset and
impressive power efficiency of 29.5±%5 J/TH. We are glad to close another
significant deal in North America and keen to enable more customers to boost
mining capacity with an efficient approach.” said Irene Gao, Antminer Sales
Director of NCSA Region, Bitmain.
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Bitmain – the world’s leading producer of cryptocurrency mining hardware
announces that on top of the recent 5,100
Antminers deal and 8,000
Antminers purchase last month, Riot Blockchain, a Nasdaq-listed cryptocurrency mining company signed another
purchase deal of 2,500 Antminer S19 Pro (110 TH),
scheduled for receipt and deployment in December this year. In total, Riot has
purchased 22,640 Bitmain miners within a year.
“This year has witnessed a significant expansion of our partnership with Riot. Overall, Riot purchased over 20,000 Antminers from us within this year. We are glad to accompany and support their growth across North America and becoming one of the top players in the market. This continuously growing partnership is also another strong proof of our industry-leading Antminers S19 Pro, which features a remarkable hash rate of 110 TH/s with an energy efficiency of 29.5±% 5 (J/TH). ” said Irene Gao, Antminer Sales Director of NCSA Region, Bitmain.
Last month, Riot just signed a deal of 8,000 Bitmain S19 Pro Antminers and another 5,100 two weeks ago. 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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Bitmain – the world’s leading producer of cryptocurrency mining hardware, announces the signing of a new cooperation agreement between Bitmain Supercomputing Center Research Institute (BSCI) and KASH PARTNERS.
KASH PARTNERS is one of the largest cryptocurrency
mining companies in Korea. The company plans to invest 10 million US dollars with
stable income activities such as domestic construction of data centers, mining
hardware acquisition, and custody services. By providing the most advanced mining
hardware at present, the Antminer S19 Pro. Bitmain will support KASH PARTNERS with achieving their goal of a 30MW facility that can operate
nearly 10,000 units of the most advanced miners.
“KASH PARTNERS has been a longtime friend of ours. We would be more
than happy to broaden our cooperation and deepen the partnership that we have together.
With the full deployment of the 30MW facility, we are paving the way for their
goal of a 50MW facility. This will be a milestone for both Bitmain and KASH
PARTNERS”, said Jelly Fan, Director of BSCI, Bitmain.
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The year 2020 has seen strong turbulence in global markets and industries. In such a time of uncertainty, Bitmain continues to deepen its strengths with industry-leading chip R&D advantage, launch superior products that reset the industry standards. Meanwhile, through its leading experience and expertise, Bitmain keeps on completing its business ecosystem deployment centered on “hash rate” by launching new businesses and services in the hope to drive the development and upgrade of the entire market.
New Product to
Drive Industry Standards: Breaking Record Highs Again with the Antminer 19
Series
Antminer 19 Series (Antminer S19 Pro, S19, T19)
In the past
few months, Bitmain has once again proved its strong R&D capability through
the launch of its record-breaking Antminer 19 Series, which delivers an
impressive performance in the global market.
Antminer
S19 Pro, S19
On 27 February, Bitmain officially announced the Antminer S19 and S19 Pro. Equipped
with a custom-built 7nm chip from Bitmain and enhanced circuit architecture,
the Antminer S19 series reset the industry standards with record-breaking power
efficiency. 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. S19 Pro and S19
strongly proved Bitmain’s outstanding innovation capability and position as a
leader in the market.
Antminer
T19
On June 1st, Bitmain launched the Antminer T19, which is housed with the same generation of custom-built chips found in the Antminer S19 and S19 Pro. Utilizing the new APW12 power supply and upgraded firmware, the T19 offers faster start-up speeds for an optimized mining experience. The T19 is equipped with a hash rate of 84 TH/s ± 3% and has a power efficiency of 37.5 J/TH ± 5%. Comparing with the previous Antminer T17, the T19 greatly improves performance, allowing miners to achieve better efficiency and earnings.
Antminer Z15
Antminer Z15
On May 7th, Bitmain launched the Antminer Z15, featuring a hash rate of 420 KSol/s, and 1510 W power consumption. This is the 3rd generation of Bitmain’s Equihash algorithm miner, which is used for mining ZEC (Zcash) and other cryptocurrencies under Equihash mining. Antminer Z11 was the model with the highest hash rate in the market before Z15, which has made significant improvement on both hash rate and power efficiency.
New Deals to
Support Growth Globally: Avoid Potential Shortage through Long-Term Deals
In the past few months, Bitmain has announced multiple purchase deals of
millions of USD. Through these long-term deals, Bitmain has built strategic
relations with customers while ensuring a stable supply cycle.
On June 27th, the leading blockchain hosting provider Core Scientific announced that it has again partnered with Bitmain to facilitate the purchase of 17,595 units of the Antminer 19 Series. Before that, Core Scientific cooperated with Bitmain to bring the very first Antminer Training Academy to North America last year.
The Nasdaq-listed cryptocurrency mining company Marathon Patent Group announced on August 14th that it has entered into a Long-Term Purchase Contract with Bitmain for the purchase of 10,500 next-generation Antminer S19 Pro ASIC Miners. It is expected that the total 13,520 Antminers will be generating 1.55 Exahash upon full installation.
On August 18th, Riot Blockchain announced a new milestone purchase of 8,000 Antminer S19 Pros from Bitmain with delivery starting January 2021 and continuing through April 2021 until the order is complete. Until then, Riot Blockchain has purchased over 20,140 Antminers from Bitmain within a year.
New Services to
Raise Industry Standards: Comprehensively Improved Customer Experiences
Since the beginning of the year, Bitmain
launched a series of new offerings, aiming to advance customer experience from
all perspectives.
Bitmain Supercomputing
Center Research Institute (BSCI)
Bitmain Supercomputing Center Research Institute
Bitmain announced the establishment of the Bitmain Supercomputing Center
Research Institute (BSCI) in April. BSCI aims to provide customers
with one-stop services on supercomputing centers, from introductory consulting,
investment construction, and quality upgrades. It will provide a “turnkey”
service for supercomputing centers, which includes standardized design and
evaluation of the center, engineering management and consulting, and operation
of the supercomputing center.
Hash Guard
Bitmain’s Hash Guard Capabilities
Earlier this year, Bitmain launched the service “Hash Guard”, to provide high-standard maintenance and repair services that set standards for the market. Originally, Hash Guard was a miner operation and repair team established by Bitmain Group in 2014. After five years of growth and development, it has formed a professional team covering miners’ operation, repair, electrical, network, and system development. With a good reputation and excellent professional ability in the industry, our service scope is now spread all over the world. In China, North America, Europe, Central Asia, and other regions, Hash Guard is operating more than 50 data centers and has managed 600,000 miners.
R2-D2
R2-D2 Miner Development
Early in 2020, Bitmain made the decision to channel
efforts into the creation of the new R2-D2 branch, the brainchild of the
strategic business unit at Bitmain, built to cater for the next generation of
mining technology. R2-D2 is an initiative that
facilitates investors in having exclusive rights to build their own Antminers.
As part of the program, customers will have exclusive usage rights for one
year. It works as a long-term solution aimed at growing the mining
industry while evolving into the usage of multiple cryptocurrencies. This
initiative has more than 40 core design team members working on it, with more
than 10 years of professional experience. This development is huge for Bitmain
who have been championing mining innovator since 2013.
Upgrade on Training Courses to Attract more Participants: Standardized Training
System to Nurture Talents Ready for the Future
Ant
Training Academy is a training service project (hereinafter
referred to as “Ant Academy” or “ATA”), which was launched by Bitmain based on
years of knowledge dissemination and technology inheritance and accumulation.
It is the sole training institution and certification authority officially
certified by Antminer.
In August, ATA announced the upgrade on its course
plan, to attract more talents with more course setting options, in the hope to
prepare more qualified professional staff for the industry.
Currently, the core course of ATA is maintenance
training, with the upgrade presently including the 19 Series training program.
Also, it now has two options in terms of training periods –a long-term training
program lasting two weeks, and a short-term training program lasting five days
only – each class now scaled down to eight participants, with the option of
elective courses to match the needs of different groups. Successful course
participants will qualify for a “Certificate of Accomplishment”,
which will include an assessment of their skill level.
Only those who sit through the night could embrace the first ray of sunshine. Bitmain will keep on the Hashrate-centered strategy to advance the evolution of the entire industry and keep on forging ahead to explore more possibilities.
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Singapore, Oct. 02, 2020 – Bitmain – the world’s leading producer of cryptocurrency mining hardware announces that it has expanded the partnership with Core Scientific, to set up the first cooperative repair center in North America. This action is set to make sure customers in North America can get machines repaired with original parts while reducing the downtime of sending machines back to China.
“We
are so excited to expand our offerings in North America through this
partnership with Core Scientific,” said Irene Gao, Antminer Sales Director of
NCSA Region, Bitmain. “Although Bitmain has made significant improvements in
product design, miners are usually in a non-stop working status, making
maintenance and repairs a rigid demand of our customers. We have been trying as
hard as we can to make sure our customers around the world get effective and
efficient services. This cooperative repair center is not only another
milestone of our partnership with Core Scientific, but one step further of our
commitment to local markets in North America.”
“Having a repair
center close to miners in the United States is key to improving efficiency when
it comes to repairing mining rigs,” said Kevin Turner, CEO of Core
Scientific. “By eliminating the substantial economic and opportunity costs
associated with sending equipment back to Asia to be fixed, we can help Bitmain
– and the mining industry as a whole – continue to grow. Our skilled in-house
engineering team is primed and ready, and will now have access to original
replacement components to ensure units stay in warranty.”
As Bitmain’s cooperative
repair center, Core Scientific will be able to perform repairs for any customer
whose Antminer warranties have expired. Repairs will be completed by engineers
who have attained Bitmain’s Ant Training Academy certification.
This announcement marks another milestone in Bitmain’s partnership with Core Scientific. As a leading mining operator, Core Scientific continues facilitating its operation with Bitmain’s products, and just recently announced a purchase of nearly 18,000 units of Bitmain bitcoin mining machines. Earlier this year, Bitmain and Core Scientific announced to the establishment of the first Ant Training Academy in North America, providing training and accreditation to local participants.
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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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