Bitmain’s BTC miners sold out until August, report

bitmain, bitcoin, mining

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.

This was in November. Imagine now.

[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.

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