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.

There's a shortage of #Bitcoin miners right now. Manufacturers are having trouble getting additional chip capacity from foundries and deliveries are pushed out to late Q2/Q3 2021. One miner said "又开始疯了" which translate to "It's getting crazy again." ⛓️⛏️

— Samson Mow (@Excellion) November 27, 2020

[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.