“When Bitmain was first established, I took out 20% of my own shares as stock options for employees. After the A/B/B+ rounds of financing, the employee option pool accounted for 18.47% of the shares. The current shareholder dispute has directly interrupted the company’s listing process and greatly damaged the interests of all shareholders and colleagues holding options.

On August 14, Marathon Patent Group said it would purchase 10,500 S19 PROs for a total of US$23 million (about RMB 160 million). On June 26, Core Scientific, a US mining machine hosting company, announced on its official website that it would purchase 17,595 Antminer S19s, which is Bitmain's largest order with a total value of more than RMB 200 million.

You may wonder why there are still large orders under such circumstances? These are announcements from listed companies, so they are naturally not fake. In fact, overseas miners are not unaware of the current disputes of Bitmain, and they are also very worried. But the problem is that the production capacity of mining machines this year is extremely limited, especially Samsung's limited production capacity, and other mining machine manufacturers are out of stock. The price of coins has continued to rise . Although Bitmain has risks, it has exclusive chip production capacity of TSMC and its performance is better than other companies. As a result, there is a situation where customers are still placing orders crazily even though they may not be able to ship. Riot has even booked futures for April next year. Another point of concern is that the mining machine itself is also a financial product. If you are optimistic about the future trend of Bitcoin, placing an order at the current price is also a good investment.

On August 6, Ant's pre-sales public account posted a message saying: The company's business management has been affected by external interference recently. Some product orders originally scheduled for delivery in June-July 2020 are expected to be postponed to September-October 2020. For delayed delivery products, you can choose one of the following two solutions (but both solutions cannot be selected at the same time): (1) For products affected by this delay of more than 10 days, the PPS revenue of the relevant supercomputing server from the 11th day of delayed delivery to the day before actual delivery will be calculated, and you will be issued a coupon equal to the above PPS revenue; or (2) in accordance with the contract agreement, if the product is still not delivered within 60 days after the written reminder, you can apply for a refund.

Risk Warning