Bitmain, a bitcoin mining giant, just announced its partnership with two bitcoin mining consulting firms, Bit5ive and Fastblock. Bitmain is planning to use both firms as official distributors of its flagship Antminer Bitcoin mining hardware in South America.
The mining giant says it’s hoping to make use of the extensive contacts both startups have in the region. Bitmain also claims it chose both startups because of their expertise in logistics, consultancy, and customer services.
According to a Bitmain executive, Irene Gao, South America continues to be an important region for the crypto mining industry. As such, the company’s partnership with these two consultancies will help Bitmain to build on the relationship it has with the mining community. She said the partnership will instill trust in the sales process of Antminers.
In November, co-founder of Bitmain, Jihan Wu, announced the launch of new additions to the Antminer 17 series. In the announcement, Wu said the new miners included harsh rate and power efficiency-enhancing features. Wu announced this during this year’s World Digital Mining Summit.
In a departure from its operational downsizing of late 2018, Bitmain is planning to expand its business. It unveiled a 33,000acre bitcoin mining facility in Texas. The company is also planning to increase its harsh rate capabilities by up to 50%, with 600,000 new mining chips.
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