Bitmain's Profit to Exceed $1B in Q1 2018

After the additional $ 400 million raised in June, the value of Bitmain is estimated at about $ 14 billion
31 July 2018   1802

The Chinese mining giant Bitmain made a profit of $ 1.1 billion in the first quarter of this year. This is reported by the Fortune.

In particular, the source confirms the information that the largest producer of mining equipment is preparing for an initial public offering (IPO) in Hong Kong.

After the additional $ 400 million raised in June, the value of Bitmain is estimated at about $ 14 billion (16.6% more than the company's previous estimate).

Only for the first quarter of this year, Bitmain's net profit was $ 1.1 billion. According to the most conservative projections, in annual terms this figure will amount to 2 to 3 billion US dollars.

Over the past year, the company of Jihana Wu earned $ 2.5 billion, which is eight times higher than in 2016.

Bitmain's Antminer S19 & S19 Pro to be Available

Antminer S19 with a hash rate of 95 TH/s costs $ 2180, and Antminer S19 Pro with a hashrate of 110 TH/s is $ 2920
23 March 2020   314

Bitmain, the largest manufacturer of mining equipment, has announced the launch of sales of new Antminer S19 and S19 Pro devices.

So far, new equipment will be available only in China, but the Bitmain team has announced the imminent launch of international sales.

The price of Antminer S19 with a hash rate of 95 TH / s is $ 2,180, and the Antminer S19 Pro with a hashrate of 110 TH / s costs $ 2,920.

According to the iHodl portal, the first batch of miners has already been sold out and buyers should receive their devices from May 11 to May 20.