microbt

According to The Block, Bitcoin mining infrastructure company Luxor Technology announced a deepened partnership with MicroBT, committing to invest $100 million in the procurement of WhatsMiner mining machines.As part of the agreement, MicroBT signed a letter of intent to invest in Luxor through its investment management firm Inflection Technology Ltd., with the specific amount undisclosed. In addition, Luxor will support WhatsMiner mining machines through its LuxOS firmware, with new features including power switching completed within 30 to 60 seconds, improved startup speed during power limitation events, and will be rolled out in phases. Mining operators running LuxOS will have access to a complete service system including Luxor mining pool, hash rate derivatives, energy services, and fleet management tools.

ChainCatcher news, according to The Block, the U.S. government has imposed a 19% import tariff on Bitcoin mining machines from Southeast Asia, bringing the total tax rate for mining machines in Indonesia, Malaysia, and Thailand to 21.6%. The current tax rate for Chinese mining machines is 57.6%, but China and the U.S. have agreed in principle to extend the tariff suspension period by 90 days.Mining company Luxor Technology stated that high tariffs will suppress growth in the U.S. market, prompting mining companies to shift to regions with lower tax rates, such as Canada. Mining machine manufacturers are expanding domestic production capacity, with companies like MicroBT establishing production lines in the U.S.Data shows that the U.S. import tax rate on mining machines has significantly increased from 2.6% before Trump's presidency, making it one of the regions with the highest import costs for mining machines globally.

ChainCatcher news, according to Reuters, Trump's tariff war is reshaping the cryptocurrency supply chain. The three major Bitcoin mining machine manufacturers, Bitmain, Canaan Creative, and MicroBT (all from China), are establishing manufacturing bases in the United States. This move may protect them from tariff impacts, with Bitmain starting production of mining machines in the U.S. last December, Canaan Creative piloting production, and MicroBT actively promoting its localization strategy in the U.S.

ChainCatcher news, according to official sources, Bitcoin mining company Peak Mining, a subsidiary of Northern Data Group, announced the signing of a contract worth $150 million with Bitcoin mining machine manufacturer Microbt. This agreement will equip Peak Mining with the latest liquid-cooled Bitcoin mining equipment with a capacity of 7EH/s, including models Whatsminer M53S+, M53S++, M50S+, and M50S++. Additionally, Peak Mining has the option to purchase an extra $150 million worth of hardware.It is reported that the contract was signed in June this year, and the first batch of liquid-cooled mining machines is expected to be delivered in October 2023, to be installed at Peak Mining's 30MW facility located in North Dakota.

According to ChainCatcher news, the official announcement shows that Bitcoin mining company Riot Platforms has ordered 33,280 latest-generation Bitcoin mining machines from Bitcoin miner manufacturer MicroBT, with a total value of $162.9 million, approximately $21.5 per TH.The agreement stipulates that the new mining machines will be delivered starting in December 2023, with plans to deploy the machines in the first quarter of 2024. Once the 33,280 mining machines are fully deployed by mid-2024, Riot's self-mining hash rate capacity is expected to increase to 20.1 EH/s. Additionally, the agreement includes an option to purchase up to 66,560 additional mining machines under the same terms. (source link)

ChainCatcher news, Bitcoin mining company Riot Platforms has ordered its first batch of 33,280 MicroBT mining machines (priced at approximately $163 million) to establish its domestic supply chain. These MicroBT mining machines will be used at Riot's Kosse mining site in Navarro County, Texas.These mining machines are expected to be delivered in December and deployed in the first quarter of next year. These machines will increase Riot's hash rate to 20.1 EH/s. If Riot chooses to purchase an additional 66,560 MicroBT mining machines, its capacity is estimated to reach 35.4 EH/s. (source link)