2 January, 2025
Mining company Ourhash accelerates development: acquires 80,000 mining machines from Bitmain
On January 2, 2025, Ourhash announced its latest strategic move, entering into a partnership with Bitmain to purchase up to 80,000 Antminer S-series devices, produced by the renowned ASIC Bitcoin mining machine manufacturer.
Mining Company Ourhash Accelerates Growth: Acquires 80,000 Miners from Bitmain
Ourhash’s Bold Move with Bitmain
Ourhash has shared details of a new two-year framework agreement signed with Bitmain. Under this agreement, Ourhash will acquire up to 80,000 S-series miners from Bitmain, including models like the S21 XP and S21 Pro. Bitmain is widely acclaimed around the world for its cutting-edge digital asset mining hardware.
Ourhash offers a range of digital asset mining solutions, including cloud mining services, mining machine hosting, mining machine leasing and sales. The company plans to not only deploy these miners in its own mining operations, but also strengthen its mining services and cloud mining services to provide better services to customers. Ourhash Chairman and CEO TAYLOR, Christopher Steven, highlighted the company’s ambitious goals set for 2026.
“Our deep strategic partnership with Bitmain ensures a steady supply of the latest mining machines, enabling us to rapidly expand our global mining infrastructure with a target of adding 1 GW of new capacity by the end of 2026,” the Ourhash executive said on Thursday. “These new mining machines will be used to strengthen our self-operated mining operations and cloud mining services, providing highly cost-effective and energy-efficient solutions.”
The announcement comes as major mining manufacturers such as Bitmain, Microbt, Canaan, and Auradine have also improved the efficiency of their ASIC Bitcoin miners over the past year. These devices now have higher efficiency per terahertz per joule (J/T) and higher output per terahertz per second (TH/s).
Through this strategic alliance, Ourhash not only seeks to gain a foothold in the competitive landscape of Bitcoin mining, but also aims to lay a solid foundation for future growth. By acquiring a large number of state-of-the-art mining machines from Bitmain, the company is expected to enhance its service offerings, improve efficiency and scalability. It remains to be seen how the mining industry will treat these publicly traded mining giants in 2025, and we can only wait and see.
