Media: Bitmain Outlines Terms for Bitcoin Miner Sales

Bitmain, the mining-hardware manufacturer, at its annual partner summit named the prices and ordering terms for its devices, according to journalist Colin Wu.

After Jihan Wu left, Bitmain launched its first conference:
1. Micree Zhan believes that Bitcoin will reach 300,000 soon.
2. Bitmain awarded TSMC the best partner. Bitmain is currently being investigated by Taiwan.
3. Current reference price of the pre-sold S19 is 93 US dollars/T pic.twitter.com/aybNAcM1dQ

— Wu Blockchain (@WuBlockchain) March 13, 2021

The current selling price of Antminer S19 series ASIC miners is $93 per 1 TH/s. The hashrate of the most powerful unit in the line, the S19 Pro, is 110 TH/s, which implies a buyer price of $10,230 for the device.

The company takes a 20% down payment from the order, the minimum size of which is 1,000 units.

Sales of the S19 series began in March 2020; the flagship miner was priced at $2,920 at the time.

Data: Bitmain.

The Bitmain site lists the last sold devices with delivery in October 2021 as the Antminer S19j with a hashrate of 90 TH/s and a price of $5,017. Based on the figures cited at the conference, a miner would now cost the buyer $8,370.

According to co-founder Micree Zhan, annual production volumes reached around one million devices.

During the event, Bitmain signed annual contracts with representatives of 13 companies, including Parallel Ventures, Core Scientific, Phoenix Technology and Powerry.

Earlier, in January, another co-founder — Jihan Wu — left the company, which marked the end of the conflict with Zhan.

In December reached an agreement, which was approved by shareholders. Under its terms Zhang bought almost half of Wu’s shares in the company for $600 million.

Wu also acquired the BTC.com pool along with the BitDeer cloud platform and mining farms outside China.

In February Wu sold BTC.com to the Chinese company 500.com Limited.

Subscribe to ForkLog news on Telegram: ForkLog Feed — the full feed, ForkLog — the most important news and polls.