Tag: Core Scientific

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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Forge Ahead with Determination

A Review on Bitmain’s H1 2020

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 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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Bitmain Set First Cooperative Repair Center in North America through Partnership with Core Scientific

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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Bitmain Continues Strong Ties with US-Based Core Scientific to Bring Antminer Technology and Expertise to North America

Bitmain’s partnership with leading US-based blockchain hosting provider Core Scientific continues to bring Bitmain’s renowned technology and expertise to the North American market. 

After announcing the establishment of the first USA-based Ant Training Academy (ATA) in Dalton, Georgia this May, Bitmain and Core Scientific have come together again to facilitate the purchase of 17,595 Antminer 19 series machines to service Core Scientific’s hosting clients and own operations. 

The partnership signifies the largest number of mining machines coordinated for purchase by a single blockchain hosting company and solidifies both Bitmain and Core Scientific as leading global AI and blockchain technology organizations.

In addition to the landmark purchase of S19 models, the new ATA will also extend Bitmain’s highly regarded training and certification services to participants in North America starting in Fall 2020. This means participants will no longer need to travel internationally to access the academy’s in-demand courses and accreditations. 

Bitmain’s ATA is the only training institution and certification authority officially certified by Antminer. Through this partnership, Bitmain has combined the proven ATA curriculum with accredited instructors from Core Scientific, to deliver engaging and practical training to attendees in North America. 

The Dalton, Georgia ATA branch will continue the white glove approach and strong operational excellence that the ATA is renowned for, to ensure that attendees walk away with the critical skills they need to operate at the highest level and secure long term viability of their mining equipment.

Through this partnership with Core Scientific, Bitmain will continue to provide world-leading mining technology and expertise to the world reaching new heights by branching out to the US.

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