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Whereas firms like Microbt, Bitmain, Innosilicon, Strongu, Ebang, and Canaan have dominated the roost when it comes to manufacturing application-specific built-in circuit (ASIC) bitcoin miners, a brand new challenger has entered the competitors. A comparatively unknown built-in know-how agency referred to as AGM Group Holdings has seen lots of ASIC gross sales and partnerships in current instances.
A Comparatively Unknown Semiconductor Agency Has Been Revealing Massive Bitcoin Mining Rig Buy Orders
2021 has seen document gross sales, when it comes to ASIC mining rigs offered by bitcoin mining rig producers like Microbt, Bitmain, and Canaan. Mining operations positioned all around the globe have bought 1000’s of bitcoin mining gadgets from these companies over the past 12 months.
The demand for ASICs has been so excessive, many orders positioned this 12 months are resulting from be shipped sooner or later in 2022. Now a brand new challenger has entered the ASIC bitcoin mining rig manufacturing competitors and up to date press bulletins element AGM Group Holdings (Nasdaq:AGMH) is promoting lots of crypto mining merchandise.
On November 3, AGM introduced it had “received a purchase order order” from Code Chain New Continent Restricted (Code Chain) and can ship 10,000 models of its 100 terahash (TH/s) mining rigs. Whereas AGM received the acquisition order value $65 million in ASIC machines, the mining merchandise are anticipated to be shipped within the second half of 2022. In accordance with AGM’s web site, the corporate sells three varieties of bitcoin miners with varied efficiency scores.
“[The] KOI Miner C16 Sequence [supports] mining of bitcoin, bitcoin money and different cryptocurrencies. [The] KOI Miner C16 is constructed on a brand new structure utilizing FinFET N+1 course of know-how,” AGM’s web site description particulars. “The computing energy as an entire machine passes 100TH/s, as excessive as 113TH/s, with [the] power consumption charge of the unit computing power diminished to as little as 30J/T.”
AGM’s Shares on Nasdaq Spike in Worth
At 113 TH/s, the KOI Miner C16 S mannequin is estimated to tug in $39.92 per day with {an electrical} consumption of $0.12 per kilowatt-hour (kWh). It could compete with the highest three mining gadgets the Microbt Whatsminer M30S++, the Ipollo B2, and Bitmain’s Antminer S19 Professional. There are not any evaluations on-line but about AGM’s KOI Miner C16 collection miners and the machines should not but listed on real-time ASIC {hardware} profitability rankings.
Along with the November 3 buy announcement, a slew of different media statements have been printed by AGM over the past two months. AGM introduced its “first important order” for 30,000 mining rigs on October 13, when it offered the ASIC miners to Nowlit Options Corp, a digital forex tools provide chain service. On October 21, AGM offered 25,000 ASIC miners to Minerva Semiconductor Corp. Moreover, AGM revealed a partnership with Meten Holding Group, a Nasdaq-listed English language teaching agency that’s primarily based in China.
The partnership announcement prompted Meten Holding Group’s inventory (Nasdaq:METX) to soar in worth, rising over 44% on October 28. On that day, METX was swapping for $0.5990 per share and at present, METX is altering palms for $0.62 per share. AGM’s shares on Nasdaq, AGMH, have been swapping for $11.40 per share on November 5, and every share has gained 3.771%, now buying and selling for $11.83 per unit.
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Bitcoin NewsMining, AGM, AGM Group Holdings, Antminer, ASIC, Bitcoin mining, Bitmain, Canaan, cryptocurrency mining, Ebang, Innosilicon, Meten, Miners, nasdaq, gross sales, Semiconductor, Strongu
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