Bitmain Technologies is offering potential buyers a discount on the Antminer S19 Pro.
Bitmain Technologies of China, which is the largest producer of bitcoin mining equipment, announced that it is starting to offer potential buyers a discount off the price of the Antminer S19 Pro. The 100 Th/s machine is being sold at $19/Th, which equates to $1,900 for the entire machine.
Bitmain’s mining farms are now 80.96% cheaper than they were five months ago. This situation in the market predicted by some bitcoin miners, who were just waiting for such opportunities to buy mining equipment at an attractive price. The fact that the mining industry as a whole is focused on increasing capital investment and activity is also evidenced by the fact that the bitcoin mining difficulty index is holding near historic highs, and the bitcoin hash rate is rising to 223.73 Eh/s.
The industry has the prospect of growth, and there are many signals from investors. Thus, the Australian mining company Iris Energy has signed an agreement with the well-known investment fund B. Riley Principal Capital II. The fund is ready to buy 25 million units of such securities during the next additional issue of shares, investing $100 million in them, as evidenced by testifies documents provided by the parties to the agreement to the U.S. Securities and Exchange Commission (SEC). From these materials, it became known that Iris Energy intends to use the funding received for the purchase of mining equipment.
Recall that Iris Energy first appeared on the Nasdaq stock exchange in New York in November 2021, which was then able to raise $ 200 million in an investment round.