VeryHash August 4th Week Mining Machine Market Release

Bitcoin infrastructure company Blockstream has raised $210 million at a $3.2 billion valuation as part of its Series B funding round, Forbes reported on August 24. The new funds came with the acquisition of intellectual property from Spondoolies, an Israeli Bitcoin mining hardware manufacturer specializing in ASIC chips, for an undisclosed amount.

The Spondoolies team will also join Blockstream to build the company’s ASIC division. With the raised funds, the company hopes to expand its mining operations and develop new products, and expects to have its own brand of mining machines on the market in the third quarter of 2022.

In the short term, mining machine manufacturers will not face too much domestic policy risk. Their policy risk actually comes from the United States. Therefore, high-process chips are an area of ​​strict scrutiny by the United States, and high-process technology may be blocked for Chinese companies. In addition, if there are changes on both sides of the Taiwan Strait in the future, Bitmain, which relies on TSMC, will be under great pressure, and the production capacity side may also be an opportunity for North American chip companies.

However, it is very difficult for North American companies to catch up in terms of design. Unlike mining farms and mining pools, Bitcoin chips have huge design barriers. Except for Shenma, which is relatively smooth, Bitmain and Canaan have invested huge amounts of money and continued trial and error to reach today's competitive mining machine chip level.

Market report of popular mining machines in the 4th week of August: The latest data is from 2021.8.21 to 2021.08.27. The mining machine market reference is shown in the figure below.

Disclaimer: No fees are charged for the mining machines mentioned in this article.