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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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 – 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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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, 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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Singapore, Aug. 24, 2020 – Bitmain – the world’s leading producer of cryptocurrency mining hardware continues its partnership with one of the few Nasdaq-listed cryptocurrency mining companies – Riot Blockchain (“Riot”, “Riot Blockchain” or the “Company”) by executing another purchase agreement of 8,000 next generation Bitmain Antminer S19 Pros. The Antminer S19 Pro is another hot-selling miner launched by Bitmain earlier this year, featuring a hash rate of 110 TH/s, with a power efficiency of 29.5±%5 J/TH. This new $17.7 million contract with Riot marks another global milestone of Bitmain’s Antminer S19 Pros.
“We are glad to continue and expand our cooperation with Riot. Riot is a long-term friend of ours, and we have witnessed and assisted them building up a powerful mining operation in North America. Equipped with the most advanced chipset currently available, our Antminer S19 Pro redefined the industry standard of hash rate with an outstanding power efficiency. We believe this new purchase help will Riot expand a leading position in the market and fulfill their business vision, which we are more than happy to be and continue being part of.” said Irene Gao, Antminer Sales Director of NCSA Region, Bitmain.
This purchase agreement has a defined delivery schedule of 2,000 S19 Pros per month starting in January 2021 and continuing through April 2021 until the order is complete.
“Riot Blockchain deeply values the relationship developed with Bitmain over the years. We are focused on building our mining operation with the most efficient hardware on the market, therefore the S19 Pro has been the leading choice during this growth period. Riot set the ambitious hash rate goal of 1 EH/s by early 2021, even though sourcing hardware can be exceptionally challenging during the current pandemic and in this economic climate. Bitmain provided us with exceptional service in a path towards achieving our goal and because of their robust supply chain we are scheduled to exceed it. We value our relationship with Bitmain and look forward to supporting each other as our industry grows.” Jeff McGonegal, CEO of Riot Blockchain.
Starting from a 4,000 S17 Pro position in December 2019, 15,040 total Antminers have been purchased by Riot within a year. When the new S19 Pros are fully deployed, Riot expects its total hash rate capacity to be approximately 1.45 EH/s (1,446 PH/s) while utilizing approximately 47 megawatts (MW) of energy.
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