The American company Integrated Ventures announced the purchase of 4,800 Antminer S19J ASIC miners from the Chinese manufacturer Bitmain. The deal was valued at over $ 34 million.
The Wattum Management company acted as an intermediary between Integrated Ventures and Bitmain, it will also place miners on its sites and help launch the devices. Deliveries will begin next year, with the Pennsylvania-based company receiving 400 units each month. After the completion of deliveries, the hash rate of the company will increase by 500,000 TH / s.
Integrated Ventures is engaged in software development, but recently it has been paying attention to cryptocurrencies. Now the hashrate of the company’s equipment is about 500,000 TH / s, and after the delivery of the devices, it will double. At the same time, the terms of the transaction provide for the protection of Integrated Ventures – in the event of a fall in the bitcoin rate, the company will receive compensation.
“We are very pleased to have concluded this large-scale agreement, especially at a time of extreme scarcity of mining equipment. In the future, we plan to invest all our surplus funds in the purchase of such devices, ”said CEO Steve Rubakh.
In the next 12 months, Integrated Ventures hopes to make a profit in the amount of $ 19 million to $ 21 million. Recall that earlier Riot Blockchain announced the purchase of 42,000 Antminer S19J ASIC miners from Bitmain.
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