Home Crypto Bitcoin Miner Gryphon Announces the Purchase of 7.2K Antminers S19J Pro from...

Bitcoin Miner Gryphon Announces the Purchase of 7.2K Antminers S19J Pro from Bitmain for $48M

Bitcoin mining firm Gryphon Digital Mining announced on July 8 yesterday that it has bought 7,200 Antminer S19J Pro mining machines manufactured by the world’s high bitcoin mining machine producer Bitmain Technology for $48 million.

The buy of the Antminer S19J Pro mining machine is a strategic transfer to extend the firm’s Bitcoin hashrate and preserve a zero carbon footprint. To obtain the objective as a market chief by cooperating with {industry} leaders by offering zero-carbon emissions, dependable and low-cost mining.

The S19J Pro Antminer mining machine is the newest product launched by Bitmain this summer season. The most computing energy mixture of this mining machine can attain 100 TH/s. The power effectivity ratio is 29.5 J/TH, an industry-leading power effectivity ratio, and the life cycle is anticipated to exceed 5 years.

Gryphon Mining said that Bitmain would plan to ship 600 miners per 30 days beginning subsequent month. In whole, it is going to take 12 months.

The Antminer Sales Director of NCSA Region, Bitmain Irene Gao, mentioned that:

“We are comfortable to supply Gryphon with Bitmain’s newest next-gen miners, the Antminer S19j Pro. Gryphon’s zero carbon footprint demonstrates their long-term initiative with being concerned in the digital forex mining sector. We are assured that Gryphon will proceed to develop their enterprise and supply dependable and low-cost mining. “

In addition to cooperating with Bitmain to enhance the effectivity of cryptocurrency mining, Gryphon additionally collaborates with digital forex information centres to cut back energy consumption prices as little as $0.013/kWh and makes use of liquid immersion know-how to increase the service life of mining machines and cut back mining machine consumption amount.

Many cryptocurrency mining corporations have begun to develop extra environment friendly mining.

In July, to extend the pace of computing energy, Hive Blockchain Technologies Ltd, a Vancouver-based cryptocurrency mining firm headquartered in Canada, introduced on July 1 Thursday that it has signed a Graphics Processing Unit (GPU) procurement contract value $66 million with a top-notch GPU inventor Nvidia. 

As early as June of this yr, the world’s high bitcoin mining machine producer Bitmain Technology Co., Ltd., announced that it will droop the sale of mining machines worldwide in response to the Chinese authorities’s current crackdown on home mining targetting home miners.

Image supply: Shutterstock

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