A New Semiconductor Manufacturing Competitor Has Entered the ASIC Bitcoin Mining Rig Industry

A New Semiconductor Manufacturing Competitor Has Entered the ASIC Bitcoin Mining Rig Industry


While business like Microbt, Bitmain, Innosilicon, Strongu, Ebang, and Canaan have actually ruled the roost in regards to producing application-specific incorporated circuit (ASIC) bitcoin miners, a brand-new opposition has actually gone into the competitors. A reasonably unidentified incorporated innovation company called AGM Group Holdings has actually 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 actually 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 acquired countless bitcoin mining gadgets from these companies throughout the in 2015.

The need for ASICs has actually been so high, numerous orders put this year are because of be delivered at some time in2022 Now a brand-new opposition has actually gotten in the ASIC bitcoin mining rig production 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 devices, the mining items are anticipated to be delivered in the 2nd half of2022 According to AGM’s site, the business offers 3 kinds of bitcoin miners with different efficiency scores.

“[The] KOI Miner C16 Series [supports] mining of bitcoin, bitcoin money and other cryptocurrencies. [The] KOI Miner C16 is constructed on a brand-new architecture utilizing FinFET N 1 procedure innovation,” AGM’s site description information. “The computing power as an entire maker passes 100 TH/s, as high as 113 TH/s, with [the] energy intake rate of the system calculating force minimized to as low as 30 J/T.”


AGM’s Shares on Nasdaq Spike in Value

At 113 TH/s, the KOI Miner C16 S design is approximated to draw in $3992 each day with an electrical usage of $0.12 per kilowatt-hour (kWh). It would take on the leading 3 mining gadgets the Microbt Whatsminer M30 S , 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 “very first 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. AGM exposed a collaboration with Meten Holding Group, a Nasdaq-listed 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 October28 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 $1140 per share on November 5, and each share has actually gotten 3.771%, now trading for $1183 per system.

What do you think of the fairly unidentified mining rig maker entering the bitcoin mining market? Let us understand what you consider this topic in the remarks area listed below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, AGM Group Holdings

Disclaimer: This post is for informative functions just. It is not a direct deal or solicitation of a deal to purchase or offer, or a suggestion or recommendation of any items, services, or business. Bitcoin.com does not supply financial investment, tax, legal, or accounting guidance. Neither the business nor the author is accountable, straight or indirectly, for any damage or loss triggered or declared to be triggered by or in connection with making use of or dependence on any material, items or services discussed in this short article.

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