KnCMiner sells $3 Million of bitcoin mining equipment in just four days

Emily Spaven
Nov 14, 2013 at 18:50 UTC
Updated Sep 10, 2014 at 13:42 UTC

KnCMiner sold a whopping $3m worth of bitcoin mining equipment over the course of just four days last week.

The Sweden-based mining machine manufacturer has now sold out of Saturn and Jupiter rigs and has taken its maximum number of pre-orders following the frenetic period of sales from 7th November to 10th November.

Andreas Kennemar, CEO at KnCMiner, said:

“While we have seen a significant increase in demand for our line of machines from the last quarter to this one, what happened in [that period] has been unprecedented for us, maybe unprecedented anywhere in the bitcoin mining industry.”

Between 7th November and 10th November, the price of bitcoin, according to the CoinDesk BPI, ranged from a low of $253.86 to a high of $355.23, closing on 10th November at $335.97.

coindesk-bpi-chart

The price of bitcoin from 7th November to 10th November as shown on the CoinDesk BPI

“The increased activity around bitcoin in just half a week undoubtedly had a sizable impact on our sales. We’re now focusing on doing everything we can to meet the demand we expect we will continue to receive, especially as bitcoin’s popularity continues to soar,” said Kennemar.

The company also recently sold a $600,000 supply of upgrade modules in less than five minutes. It aims to begin taking pre-orders again soon.

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