Bitmain to Begin Selling New Bitcoin Miners Later This Week

Bitmain's recently revealed 7nm ASIC mining chip will be included in new Antminer S15 and T15 models, which go on sale Thursday.

AccessTimeIconNov 6, 2018 at 5:15 p.m. UTC
Updated Sep 13, 2021 at 8:34 a.m. UTC

Bitmain is launching two new Antminer models targeting the bitcoin mining industry.

The crypto hardware manufacturing giant announced Tuesday that the new Antminer S15 and T15 machines will be powered by its recently revealed 7nm ASIC (application-specific integrated circuit) processor, and will go on sale on Nov. 8.

The new miners "possess industry-leading hash rates designed to mine with the SHA256 algorithm," according to a tweet from the company.

The 7nm chip was first announced in late September by Bitmain CEO and co-founder Jihan Wu, who said it would be more energy efficient and powerful than older models.

While specs for the chip haven't yet been released in full, Wu said during his original announcement that it would include "more than a billion transistors" and "achieve a ratio of energy consumption to mining capacity that its as low as 42J/TH."

Details on the new Antminers are also sparse, with a holding page on the company's website offering no information at press time.

Bitmain's announcement comes amid its push to raise funds via an initial public offering. The company officially filed for an IPO at the end of September, although pitch decks obtained by CoinDesk indicate some investors may have seen false information regarding the company's funding status.

Funding attempts aside, the company's new processor will compete with a number of other bitcoin-focused ASICs, including a new 14nm chip announced the day before by Bitfury. Dubbed the Bitfury Clarke, the company's latest product similarly claims to boost power efficiency specifically for the SHA256 algorithm as used by cryptocurrencies like bitcoin.

In related news, Bitfury revealed earlier today that it's just closed an $80 million funding round that saw Mike Novogratz's Galaxy Digital investing.

Computer chip image via Shutterstock

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.