ABITS GROUP INC. (ABTS) Acquires Additional 400 Units of Antminer T21
Abits Group (NASDAQ: ABTS) has signed agreements with Bitmain to acquire 400 additional Antminer T21 units for delivery by early December. This strategic move follows the return of 500 S19 XP units. The purchase will expand their Tennessee mining fleet to 2,375 units, including 1,370 Antminer S19 XP Hydro, 305 Antminer S19J Pro, and 700 Antminer T21 units. The T21 miners, featuring 190 TH/s hash rate and 19J/T power efficiency, will increase total hash power by 76 PH/s to over 500 PH/s.
Abits Group (NASDAQ: ABTS) ha firmato accordi con Bitmain per acquisire 400 ulteriori unità di Antminer T21 da consegnare entro i primi di dicembre. Questa mossa strategica segue il ritorno di 500 unità S19 XP. L'acquisto espanderà la loro flotta di mining del Tennessee a 2.375 unità, comprese 1.370 Antminer S19 XP Hydro, 305 Antminer S19J Pro e 700 unità Antminer T21. I miner T21, con una potenza di hash di 190 TH/s e un'efficienza energetica di 19J/T, aumenteranno la potenza totale di hash di 76 PH/s, superando così i 500 PH/s.
Abits Group (NASDAQ: ABTS) ha firmado acuerdos con Bitmain para adquirir 400 unidades adicionales de Antminer T21 que se entregarán a principios de diciembre. Este movimiento estratégico sigue al retorno de 500 unidades S19 XP. La compra ampliará su flota de minería en Tennessee a 2,375 unidades, incluyendo 1,370 Antminer S19 XP Hydro, 305 Antminer S19J Pro y 700 unidades Antminer T21. Los mineros T21, con una tasa de hash de 190 TH/s y una eficiencia de energía de 19J/T, incrementarán la potencia total de hash en 76 PH/s, superando los 500 PH/s.
Abits Group (NASDAQ: ABTS)는 Bitmain과 계약을 체결하여 12월 초까지 배송될 Antminer T21 400대를 추가로 인수하기로 하였습니다. 이 전략적 조치는 500대의 S19 XP가 반환된 이후 진행되었습니다. 이번 구매로 테네시의 채굴 함대는 총 2,375대로 확대되며, 이에는 1,370대의 Antminer S19 XP Hydro, 305대의 Antminer S19J Pro 및 700대의 Antminer T21이 포함됩니다. 190 TH/s의 해시율과 19J/T의 전력 효율성을 갖춘 T21 채굴기는 총 해시 파워를 76 PH/s 증가시켜 500 PH/s를 넘게 됩니다.
Abits Group (NASDAQ: ABTS) a signé des accords avec Bitmain pour acquérir 400 unités supplémentaires de Antminer T21, qui seront livrées d'ici début décembre. Ce mouvement stratégique fait suite au retour de 500 unités S19 XP. Cet achat va étendre leur flotte de minage du Tennessee à 2 375 unités, comprenant 1 370 Antminer S19 XP Hydro, 305 Antminer S19J Pro et 700 unités Antminer T21. Les mineurs T21, avec un taux de hachage de 190 TH/s et une efficacité énergétique de 19J/T, vont augmenter la puissance totale de hachage de 76 PH/s, dépassant ainsi les 500 PH/s.
Abits Group (NASDAQ: ABTS) hat Vereinbarungen mit Bitmain unterzeichnet, um 400 zusätzliche Einheiten von Antminer T21 zu erwerben, die bis Anfang Dezember geliefert werden. Dieser strategische Schritt folgt auf die Rückgabe von 500 S19 XP-Einheiten. Der Kauf wird ihre Mining-Flotte in Tennessee auf 2.375 Einheiten erweitern, darunter 1.370 Antminer S19 XP Hydro, 305 Antminer S19J Pro und 700 Antminer T21-Einheiten. Die T21-Miner mit einer Hash-Rate von 190 TH/s und einer Energieeffizienz von 19J/T werden die gesamte Hash-Power um 76 PH/s erhöhen und somit über 500 PH/s bringen.
- Addition of 400 new T21 miners will increase total hash power by 76 PH/s to over 500 PH/s
- Strategic upgrade to more advanced T21 miners with better efficiency (19J/T)
- New machines include one-year manufacturer warranty
- Return of 500 S19 XP units indicates potential equipment issues or strategic miscalculation
Insights
The strategic upgrade to T21 miners represents a significant operational enhancement. The 76 PH/s hash power increase to over 500 PH/s total capacity marks a substantial scaling of mining operations. The T21's efficiency rating of 19J/T is notably competitive in today's market, potentially improving profit margins compared to older S19 models.
The diversified mining fleet, now comprising three different models including hydro-cooling technology, suggests a well-thought-out approach to risk management and operational efficiency. The one-year warranty on the new T21 units provides important protection for this capital investment. With Bitcoin's upcoming halving event in 2024, this efficiency-focused upgrade appears timely for maintaining competitive mining capabilities.
This capital investment demonstrates ABTS's commitment to technological advancement and operational efficiency. For a company with a market cap of
The timing of delivery in early December suggests potential revenue impact starting Q4 2023. The enhanced efficiency of T21 miners could provide better margins in the current competitive mining landscape, especially important given the company's size. However, investors should monitor the company's cash position and financing terms for this expansion.
Hong Kong, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Abits Group Inc. (NASDAQ: ABTS), a U.S.-based digital data center operator specializing in Bitcoin self-mining operations, today announced it has signed agreements with Bitmain to purchase an additional 400 units of Antminer T21 for delivery by early December. Following the return of previously announced 500 units of S19 XP, the company has strategically shifted to the more advanced T21 miners. This purchase will increase the total mining fleet at its Tennessee site to 2,375 units, comprising:
- 1,370 units of Antminer S19 XP Hydro (featuring hydro-cooling technology)
- 305 units of Antminer S19J Pro
- 700 units of Antminer T21
The T21 delivers a hash rate of 190 TH/s per unit with power efficiency of 19J/T. These new machines come with a one-year manufacturer warranty. The additional 400 units will boost the total hash power by approximately 76 PH/s to over 500 PH/s.
About Abits Group Inc.
Abits Group Inc. (NASDAQ: ABTS) is a U.S.-based digital data center operator specializing in Bitcoin self-mining operations. For more information, please visit www.abitsgroup.com or contact ir@abitgrp.com.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
FAQ
How many mining units will ABTS have after the new Antminer T21 acquisition?
What is the hash rate of the new Antminer T21 units purchased by ABTS?
How much will ABTS's total hash power increase with the new T21 miners?
What types of miners comprise ABTS's mining fleet in Tennessee?
