While business like Microbt, Bitmain, Innosilicon, Strongu, Ebang, and Canaan have actually ruled the roost in regards to manufacturing application-specific incorporated circuit (ASIC) bitcoin miners, a new opposition has entered the competitors. A reasonably unidentified incorporated innovation company called AGM Group Holdings has seen a great deal of ASIC sales and collaborations in current times.
A Relatively Unknown Semiconductor Firm Has Been Revealing Large Bitcoin Mining Rig Purchase Orders
2021 has seen record sales, in regards to ASIC mining rigs offered by bitcoin mining rig makers like Microbt, Bitmain, and Canaan. Mining operations situated all around the world have actually bought countless bitcoin mining gadgets from these companies throughout the in 2015.
The need for ASICs has been so high, numerous orders positioned this year are because of be delivered eventually in 2022. Now a new opposition has entered the ASIC bitcoin mining rig manufacturing competitors and current press statements information AGM Group Holdings (Nasdaq:AGMH) is offering a great deal of crypto mining items.
On November 3, AGM revealed it had “won an order” from Code Chain New Continent Limited (Code Chain) and will provide 10,000 systems of its 100 terahash (TH/s) mining rigs. While AGM won the order worth $65 million in ASIC makers, the mining items are anticipated to be delivered in the 2nd half of 2022. According to AGM’s site, the business offers 3 kinds of bitcoin miners with different efficiency rankings.
“[The] KOI Miner C16 Series [supports] mining of bitcoin, bitcoin money and other cryptocurrencies. [The] KOI Miner C16 is constructed on a new architecture utilizing FinFET N+1 procedure innovation,” AGM’s site description information. “The computing power as an entire device passes 100TH/s, as high as 113TH/s, with [the] energy intake rate of the system calculating force lowered to as low as 30J/T.”
AGM’s Shares on Nasdaq Spike in Value
At 113 TH/s, the KOI Miner C16 S design is approximated to draw in $39.92 each day with an electrical intake of $0.12 per kilowatt-hour (kWh). It would take on the leading 3 mining gadgets the Microbt Whatsminer M30S++, the Ipollo B2, and Bitmain’s Antminer S19 Pro. There are no evaluations online yet about AGM’s KOI Miner C16 series miners and the makers are not yet noted on real-time ASIC hardware success rankings.
In addition to the November 3 purchase statement, a multitude of other media declarations have actually been released by AGM throughout the last 2 months. AGM revealed its “initially substantial order” for 30,000 mining rigs on October 13, when it offered the ASIC miners to Nowlit Solutions Corp, a digital currency devices supply chain service. On October 21, AGM offered 25,000 ASIC miners to Minerva Semiconductor Corp. Furthermore, AGM exposed a collaboration with Meten Holding Group, a Nasdaq-noted English language training company that is based in China.
The collaboration statement triggered Meten Holding Group’s stock (Nasdaq:METX) to skyrocket in worth, increasing over 44% on October 28. On that day, METX was switching for $0.5990 per share and today, METX is altering hands for $0.62 per share. AGM’s shares on Nasdaq, AGMH, were switching for $11.40 per share on November 5, and each share has acquired 3.771%, now trading for $11.83 per system.
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