Bitmain Clarifies Focus on Mining, Refutes Investigation Claims

• Bitmain denies involvement in a supply chain investigation, focusing solely on cryptocurrency mining hardware development.
• The Antminer S21+ Hydro delivers enhanced performance with a hashrate of 319 TH/s and advanced cooling for high temperatures.

Bitmain, a key manufacturer of crypto mining hardware, recently addressed viral reports linking it to a supply chain inquiry. Bitmain reaffirmed in a solid statement that its main concentration is still the design and manufacturing of crypto mining rigs, especially the well-known Antminer series.

Strongly refuting any participation in the claimed inquiry, the business labeled the media accusations as “false and baseless.” Moreover, Bitmain declared its intention to seek legal action against any body in charge of disseminating this false information.

Source: Weixin

Bitmain Reinforces Its Focus on Cryptocurrency Mining Amid Challenges

This comment comes at a period when Bitmain has been under more investigation, partly because of its past ties to other companies connected to semiconductors.

Bitmain underlined, meanwhile, that its activities are still mostly related to the mining of cryptocurrencies and that the business is not involved in any other space outside of its main competence. As the company keeps improving and developing its major products, its dedication to the mining sector remains unbroken.

Based on its latest developments, the corporation clearly emphasizes keeping leadership in the crypto mining space. Bitmain is committed to increasing production capacity for its Antminer machines in spite of outside obstacles, including growing chip prices from main vendors.

These rises will probably influence price going forward, but Bitmain is still hopeful about keeping its leading role in the market.

Previously, we reported that Bitmain has launched their Antminer S21+ model with water cooling technology meant to improve performance. Significantly increasing mining efficiency, the Antminer S21+ Hydro has a hashrate of 319 TH/s with an efficiency of 15 J/TH.

Furthermore, the sophisticated cooling system guarantees best performance in demanding settings by allowing dependability even in high-temperature surroundings, up to 45°C.