Major cryptocurrency mining equipment manufacturer Bitmain has revealed the launch date for its latest technology, the Antminer S17 series.
Comprised of three different models: the Antminer S17 Pro, Antminer S17, and Antminer T17, the series will go on sale internationally on 9 April. Bitmain claims the second-generation 7nm ASIC chips will save 28.6% energy consumption during the mining process. While the company says the S17 series will operate at a higher hash rate, they did not reveal further details regarding numbers.
The company noted that with heavy electricity costs in relation to Bitcoin’s current prices, the ”improved energy efficiency” of the new models will lead to a ”significant drop in costs,” improving the profit margin.
It was recently revealed that Bitmain would deploy 200,00 of its own mining devices to Southwestern China after an executive decision was made that it would be more profitable to do so than to sell them.
A poorly performing cryptocurrency market has influenced fiscally conservative policies for the company. Bitmain closed its Israel center in December and reduced its Netherland operations earlier this year in January.
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