US-based Bitcoin mining devices can be resold to foreign companies that want to profit from mining cryptocurrencies in regions with cheaper electrical energy.

According to Taras Kulik, CEO of SunnySide Digital, such decisions are caused by the upcoming halving. He said that outdated equipment could still be profitable, but in the United States this is unlikely due to high prices for electrical energy. The equipment will be sent for repairs and then resold to companies from Ethiopia, Tanzania, Paraguay and Uruguay.

Ethan Wehr, chief operating officer of mining company Luxor, estimates that at least 600,000 Antminer S19 devices will be shipped from the United States to Africa and South America. Ver said that customers are waiting for the completion of the halving to purchase equipment at a lower cost. In March 2022, used S19 miners cost approximately $7,000; they are now valued at $427.

Hashlabs Mining CEO Jaran Mellerud said that while S19 miners and similar models will not be profitable in the US after the halving, they are still capable of generating profit in some African countries.

And private miner Nuo Xu, who has two data centers in Texas, emphasized that in the United States the average energy fee reaches 7 cents per kWh. In Ethiopia, it ranges from 3 to 6 cents.

Earlier, Marathon Digital said that the upcoming Bitcoin halving will be a test for the industry and will identify the most efficient and financially stable companies.