Bitmain, bitcoin mining equipment manufacturer, deeply cuts prices as profitability worsens
Summary
- Reported that Bitmain sharply cut mining equipment prices due to a deterioration in Bitcoin mining profitability.
- Bitmain reduced prices of some models by 70~80%, and the latest product, the 'S21 series', also saw its price drop by over 40%.
- The industry reports that demand for equipment has contracted due to the mining industry's profitability deterioration, leading manufacturers to adopt aggressive pricing policies.
As Bitcoin (BTC) mining profitability has significantly worsened, manufacturers are reportedly putting mining equipment up for sale at bargain prices.
According to The Minermag on the 27th (Korean time), mining equipment manufacturer Bitmain has recently been selling its ASIC equipment (mining computer chips designed to compute Bitcoin hashes) at greatly reduced prices.
Bitmain is selling a package that bundles four 'S19 XP+ Hydro' units and containerized mining facilities at $4 per terahash (TH) at the end of this month. This is a 70~80% decline compared to the previous price range ($10~$15).
This is the result of an overall downward adjustment of ex-factory prices rather than a promotional discount. According to an internal factory price list, the 'S19e XP Hydro' and '3U S19 XP Hydro' models have dropped to as low as $3 per TH, and the latest product, the 'S21 series', has also seen its price cut by more than 40% compared to its initial launch.
Industry sources say that with mining profitability deteriorating and equipment demand contracting, manufacturers have adopted aggressive pricing policies to clear inventory.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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