A new competitor in semiconductor production has entered the ASIC Bitcoin MINING RIG industry-Mining Bitcoin messages

While companies such as Microbt, Bitmain, Innosilicon, Strongu, Ebang and Canaan have the front in the production of Bitcoin miners with application-specific integrated circuits (ASIC), a new challenger has entered the competition. A relatively unknown integrated technology company called AGM Group Holdings has recently experienced many ASIC sales and partnerships.

A relatively unknown semiconductor company has large Bitcoin unveiled mining rig orders

2021 has recorded a record turnover in relation to ASIC mining rigs, which are sold by Bitcoin mining-rig manufacturers such as Microbt, Bitmain and Canaan. Mining businesses around the world bought thousands of Bitcoin mining devices from these companies last year.

The demand for Asics was so high that many orders placed this year should be delivered in 2022 participations of the AGM group ( nasdaq: agmh ) sells many crypto mining products.

on November 3, Annual General Meeting "Own an order" by Code Chain New Continent Limited (Code Chain) and will deliver 10,000 units of his 100 Terahash (TH/S) Mining Rigs. While AGM won the purchase order worth $ 65 million for ASIC machines, the mining products are expected to be delivered in the second half of 2022. According to the AGM website, the company sells three types of Bitcoin miners with different performance ratings.

”[The] Koi Miner C16 series [Supports] Mining by Bitcoin, Bitcoin-Bargeld and other cryptocurrencies. [The] Koi Miner C16 is based on a new architecture with Finfet N+1 Process Technology”, Website description Details. "The computing power of the entire machine crosses 100 Th/s to 113 Th/S, with [the] energy consumption of the unit reduced to up to 30J/t."

shares of the Annual General Meeting on Nasdaq increase in value

With 113 Th/S the Koi Miner The C16 S model is estimated that it brings $ 39.92 a day with a power consumption of $ 0.12 per kilowatt hour (kWh). It would compete with the three best mining devices, the Microbt Whatsminer M30S ++, the Ipollo B2 and Bitmain Antminer S19 Pro. There are still no ratings online about AGM’s Koi Miner The Miners of the C16 series and the machines are not yet listed in the real-time rankings of the ASIC hardware redematability.

In addition to the purchase announcement of November 3, the Annual General Meeting has published a number of other media release in the past two months. Annual General Meeting announced its "first important order" over 30,000 mining rigs on October 13, when the ASIC-Miner to Nowlit Solutions Corp, a delivery service for digital currencies, sold. On October 21, Annual General Meeting sells 25,000 ASIC-Miner to Minerva Semiconductor Corp. In addition, agm reveals a partnership with the Meten Holding Group, a English language coaching company listed at the Nasdaq based in China.

The announcement of the partnership led to the fact that the Meten Holding Group stock ( Nasdaq: Metx) A value growth of over 44% on October 28. On this day, Metx exchanged $ 0.5990 per share and today Metx changes the owner for $ 0.62 per share. The AGM shares at Nasdaq, AGMH, were exchanged on November 5 for $ 11.40 per share, and each share has increased 3.771% and is now traded for $ 11.83 per unit.

What do you think that the relatively unknown manufacturer of mining rigs gets into the Bitcoin mining industry? Let us know your opinion on this topic in the comments below.

Photo credits : Shutterstock, Pixabay, Wiki Commons, AGM Group Holdings