ASIC-miners Antminer can be bought with discount coupons

  • Ultramining.com
  • 21 February, 2023 19:44
ASIC-miners Antminer can be bought with discount coupons

Such an opportunity provided  BitFuFu which organized a specialized trading platform. The equipment manufacturer became Bitmain – a leader in the market of devices for mining. 

The collapse of the cryptocurrency market occurred in 2022 caused Bitmain’s management to worry about the decline in sales. As a result, it was decided to issue coupons to loyal customers for the purchase of asic miners. 

A large amount of equipment that was produced last year remained unclaimed due to a series of bankruptcies among BTC miners. For example, Celsius and Core Scientific attempted to sell the coupons issued to them by Bitmain to use the proceeds to partially meet their obligations to creditors.

The trading floor was launched on February 20. Ethan Vera, chief operating officer of BTC-miner Luxor Technologies, estimated the volume of coupons on the market at $50 million and said the number would grow.

As tensions in the cryptocurrency industry subside, companies demonstrate an interest in such offerings. In particular, CleanSpark purchased 20,000 devices at a 26% discount with the help of Bitmain coupons. 

As a reminder, BitFuFu had previously planned to list using a special SPAC merger mechanism, but legal complications led to the postponement of this event to May 2023.

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