Bitmain Offers Cost Reduction Strategies for Miners
Recently, the annual Bitmain management meeting with customers took place, where the head of the company shared three strategies to reduce financial costs:
  • joint mining program;
  • purchase of equipment in installments;
  • hedging risks through options.
The company has developed a new payment mode “installment payment” that allows large customers to take advantage of installments. When ordering more than 100 ASIC miners, you can make only half the cost, and if you order more than 5000 units, you can pay only 20%. The rest of the amount should be paid a week before the equipment is delivered. Bitmain also created the so-called “joint mining” program. Within its framework, the company will supply Antminer S17 equipment and provide subsequent payment of electricity for 12 months at a rate of 5 US cents. Partners must provide placement and service personnel and other necessary infrastructure. In this case, Bitmain receives 75% of the revenue, and partners thus 25%. Customers who order equipment for more than 10 million yuan ($1.42 million) will receive BTC options. The cost of an option contract will not exceed 1% of the total order amount.