Chinese cryptocurrency mining rig maker Bitmain has signed a deal to sell 30,000 of its Antminer machines to TeraWulf, a U.S. crypto mining firm that claims to operate the majority of its mining facilities with clean energy, according to a Bitmain announcement.
Fast facts:
- Bitmain announced yesterday that it had signed the deal with TeraWulf, with deliveries scheduled from January to June 2022. If all units are delivered, TeraWulf is expected to see its total mining hashrate increase by 3 exa hashes per second.
- “With Bitmain’s miners in place, we expect to substantially increase our total mining hashrate, furthering our efforts to generate environmentally sustainable Bitcoin at an industrial scale,” Paul Prager, TeraWulf’s chairman and CEO, said in a statement.
- “Partnering with TeraWulf represents a big step forward in the transition to a more resilient, stable, and sustainable mining platform,” said Du Shisheng, vice president of Bitmain’s mining division.
- The deal comes as Bitmain had been rumored to be cutting its 5-nanometer chip orders from Taiwan Semiconductor Manufacturing Co. Ltd., as reported by local media outlet Economic Daily News, citing market rumors. TSMC would not comment on an individual customer, as confirmed by Forkast.News on Monday.
- Last week, Bitmain said it had decided to suspend global spot sales of its Antminer machines as some of its clients were reselling their rigs.
