Bitmain’s BTC miners sold out until August, report
Chinese tech firm Bitmain is reportedly sold out of Bitcoin mining chipsets, with no new stock expected until August.
The company’s latest batch — including machines yet to be built — were snapped up in weeks despite retail prices for its Antminer S9 almost doubling.
Supplies for new rigs have been scarce in the past year, however BTC has jumped 70% since mid-December — bringing mining profits along with it.
But huge orders from the likes of Marathon, Riot, Bit Digital and Bitfarms have left prospective buyers empty handed until at least Q2.
[Read more: Marathon raises $200M to buy Bitcoin miners]
Psst. If you’ve got a second-hand Bitmain chip kicking around, you could be in luck. Thanks to new gear being rarer than rocking horse shit, the market for pre-owned rigs is booming.