Although companies such as Microbt, Bitmain, Innosilicon, Strengu, Ebang, and Canaan dominate the manufacturing of application-specific integrated circuit (ASIC) bitcoin mining machines, a new challenger has entered the competition. A relatively unknown integrated technology company called AGM Group Holdings has recently seen a large number of ASIC sales and partnerships.

A relatively unknown semiconductor company has disclosed a large number of purchase orders for Bitcoin mining machines

In terms of ASIC mining equipment sold by Bitcoin mining equipment manufacturers such as Microbt, Bitmain, and Canaan, sales in 2021 reached a record high. Last year, mining operations around the world have purchased thousands of Bitcoin mining equipment from these companies.

The demand for ASICs is so high that many orders this year will be shipped sometime in 2022.Now a new challenger has entered the ASIC Bitcoin mining equipment manufacturing competition, as detailed in the recent news announcement Holdings at the annual general meeting (Nasdaq: AGMH) A large number of cryptocurrency mining products are being sold.

November 3, the annual general meeting Announce It has “won a purchase order from Code Chain New Continent Limited (Code Chain)” and will deliver 10,000 units of 100 terahash (TH/s) mining equipment. Although AGM won an ASIC machine purchase order worth 65 million US dollars, the mining machine products are expected to be shipped in the second half of 2022. According to AGM’s website, the company sells three Bitcoin mining machines with different performance levels.

“[The] KOI Mining Machine C16 Series [supports] The mining of Bitcoin, Bitcoin Cash and other cryptocurrencies. [The] KOI Miner C16 is built on a new architecture using FinFET N+1 process technology, “AGM’s Site description detail. “The computing power of the whole machine is over 100TH/s, up to 113TH/s, [the] The energy consumption per unit of computing power is reduced to 30J/T. “

The value of Nasdaq shares soared at the annual general meeting

Calculated at a speed of 113 TH/s, the KOI Miner C16 S model is estimated to earn $39.92 per day, and the power consumption per kilowatt hour (kWh) is $0.12. It will compete with three major mining equipment: Microbt Whatsminer M30S++, Ipollo B2 and Bitmain’s Antminer S19 Pro. There are currently no comments on AGM’s KOI Miner C16 series of mining machines, and these machines have not yet been included in the real-time ASIC hardware profitability ranking.

In addition to the acquisition announcement on November 3, AGM has also issued a number of other media statements in the past two months.Annual general meeting Announce On October 13, the company sold ASIC mining machines to Nowlit Solutions Corp, a digital currency equipment supply chain service company, and obtained the “first large order” for 30,000 mining machines. October 21, the annual general meeting 25,000 sold ASIC miners to Minerva Semiconductor Corp. In addition, AGM disclose A partnership with Meten Holding Group, a NASDAQ-listed English language training company headquartered in China.

The partnership announcement caused the stock of Meiteng Holding Group (Nasdaq: METX) Value soared, rising more than 44% on October 28. On that day, METX was trading at a price of $0.5990 per share, and today, METX is changing hands at a price of $0.62 per share. AGM’s NASDAQ stock, AGMH, was exchanged at a price of $11.40 per share on November 5, an increase of 3.771% per share, and the current trading price is $11.83 per share.

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