THELOGICALINDIAN - While companies like Microbt Bitmain Innosilicon Strongu Ebang and Canaan accept disqualified the roost in agreement of accomplishment applicationspecific chip ambit ASIC bitcoin miners a new amateur has entered the antagonism A almost alien chip technology close alleged AGM Group Holdings has apparent a lot of ASIC sales and partnerships in contempo times
A Relatively Unknown Semiconductor Firm Has Been Revealing Large Bitcoin Mining Rig Purchase Orders
2024 has apparent almanac sales, in agreement of ASIC mining rigs awash by bitcoin mining rig manufacturers like Microbt, Bitmain, and Canaan. Mining operations amid all about the apple accept purchased bags of bitcoin mining accessories from these firms during the aftermost year.
The appeal for ASICs has been so high, abounding orders placed this year are due to be alien at some point in 2022. Now a new amateur has entered the ASIC bitcoin mining rig accomplishment antagonism and contempo columnist announcements detail AGM Group Holdings (Nasdaq:AGMH) is affairs a lot of crypto mining products.
On November 3, AGM announced it had “won a acquirement order” from Code Chain New Continent Limited (Code Chain) and will bear 10,000 units of its 100 terahash (TH/s) mining rigs. While AGM won the acquirement adjustment account $65 actor in ASIC machines, the mining articles are accepted to be alien in the additional bisected of 2022. According to AGM’s website, the aggregation sells three types of bitcoin miners with assorted achievement ratings.
“[The] KOI Miner C16 Series [supports] mining of bitcoin, bitcoin banknote and added cryptocurrencies. [The] KOI Miner C16 is congenital on a new architectonics application FinFET N 1 action technology,” AGM’s website description details. “The accretion ability as a accomplished apparatus passes 100TH/s, as aerial as 113TH/s, with [the] activity burning amount of the assemblage accretion force bargain to as low as 30J/T.”
AGM’s Shares on Nasdaq Spike in Value
At 113 TH/s, the KOI Miner C16 S archetypal is estimated to cull in $39.92 per day with an electrical burning of $0.12 per kilowatt-hour (kWh). It would attempt with the top three mining accessories the Microbt Whatsminer M30S , the Ipollo B2, and Bitmain’s Antminer S19 Pro. There are no reviews online yet about AGM’s KOI Miner C16 alternation miners and the machines are not yet listed on real-time ASIC accouterments advantage rankings.
In accession to the November 3 acquirement announcement, a bulk of added media statements accept been appear by AGM during the aftermost two months. AGM announced its “first cogent order” for 30,000 mining rigs on October 13, back it awash the ASIC miners to Nowlit Solutions Corp, a agenda bill accessories accumulation alternation service. On October 21, AGM sold 25,000 ASIC miners to Minerva Semiconductor Corp. Furthermore, AGM revealed a affiliation with Meten Holding Group, a Nasdaq-listed English accent apprenticeship close that is based in China.
The affiliation advertisement acquired Meten Holding Group’s banal (Nasdaq:METX) to arise in value, accretion over 44% on October 28. On that day, METX was swapping for $0.5990 per allotment and today, METX is alteration easily for $0.62 per share. AGM’s shares on Nasdaq, AGMH, were swapping for $11.40 per allotment on November 5, and anniversary allotment has acquired 3.771%, now trading for $11.83 per unit.
What do you anticipate about the almost alien mining rig architect dispatch into the bitcoin mining industry? Let us apperceive what you anticipate about this accountable in the comments area below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, AGM Group Holdings
