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28 May 2020

MicroBT Expects $400 Million Q3 Revenue From Bitcoin Miner Sales Despite Chip Holdup

MicroBT Expects $400 Million Q3 Revenue From Bitcoin Miner Sales Despite Chip Holdup


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MicroBT, the maker of WhatsMiner bitcoin mining equipment, says it has made about $400 million in just a few months, despite delays to its chip supply.

The WhatsMiner M20 series are priced at between $1,500 to $2,000, which means the delivery of a total of 200,000 units would be worth around $350 million (assuming equal sales between both models). Currently, investors placing pre-orders for new mining equipment will have to wait until January 2020 to receive the products.

Yang went on to estimate that, including delivery of mining equipment from major miner manufacturers up until the end of the year, the total network has rate could increase by another 30 percent, saying:.

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