March 5, 2021

VBit Technologies Purchases Over Eight Million USD Worth of Antminer 19 Series from Bitmain

Over 3,000
Antminer 19 series will arrive in batches from December 2020 to August 2021

Bitmain – the world’s leading producer of cryptocurrency mining hardware announces that its long-time client of the Antminer brand based in the US – VBit Technologies – has purchased over 3,000 19 Series Antminers worth over 8 million USD. The Antminer S19 and S19 Pro are the latest generations of ASIC mining hardware from Bitmain. With this new arrangement, VBit is looking to increase its current aggregate operating hash rate by over 50%.

117 S19
miners will be delivered this December, followed by hundreds of S19 Series
models that will be shipped and deployed every month up until August

“VBit is a long-time client of ours and have maintained a collaborative partnership with us for the past few years. We are glad to be of assistance in their effort to expand their mining operations and to grow their presence in North America. This deal, again, proves the strong performance and capabilities of the Antminer 19 Series and our commitment to providing customers around the world the most efficient and powerful miners.” said Irene Gao, Antminer Sales Director of NCSA Region, Bitmain.

has always been the leading producer of the most efficient mining hardware in
the market. As the cryptocurrency industry enters a new bull market and Bitcoin
reaches new all-time highs, VBit was able to secure large batches of Bitmain’s
most efficient mining hardware. With the new mining hardware, VBit can continue
its North American expansion and mission to bring Bitcoin mining to the mainstream.
VBit looks forward to a continued long term collaborative partnership with
Bitmain for years to come.” said Danh Vo, CEO of VBit Technologies.

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