Bitmain wants to run 200,000 mining devices

Bitmain plans to launch 200,000 new cryptocurency production facilities in China to take advantage of today's low water power prices in the country.

With this speculation came the CoinDesk portal, which refers to its well-informed source from China, who wanted to remain anonymous. Bitman allegedly installs 200,000 of its own cryptocurrency facilities to take advantage of the inexpensive cost of water during the summer due to excessive rainfall in southwest China. The 200,000 devices Bitmain wants to put into operation are estimated to be worth between $ 80 million and $ 100 million.

Bitmain has reportedly entered into negotiations with local mining-pools to operate their facilities. He would like to deploy his new AntMiner S11 and AntMiner S15, to which some older models, such as Antimer SJi / j, would be added.

If these reports are confirmed, after a long time Bitmain is taking a new investment step. Indeed, the company suffered significant losses due to the fall in the price of cryptocurency in the second half of 2018. As a result, the Chinese giant had to close its development center in Israel and reduce its operations in the Netherlands. Later he also suspended his plans to build a $ 500 million mining factory in Texas, Texas.

So it seems that Bitmain has shaken from the shocks of last year's fall in prices. On March 19, hashrate reached their highest level in the last 4 months.

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