Bitcoin Mining manufacturer MicroBT expects $400M revenue in Q3

posted 25 days ago
MicroBT, the maker of WhatsMiner Bitcoin mining equipment, says it made $400 million in just a few months, despite delays to its chip supply. Yang Zuoxing, founder and CEO of the Shenzhen, China-based firm, said the firm received orders for its latest M20 series models, and has already delivered over 100,000 units. It expects to have delivered 200,000 by the end of this month.

The WhatsMiner M20 series are priced at between $1,500 to $2,000. The WhatsMiner series has the computing capability of about 55 tera hashes per second (TH/s) on average, so 200,000 miners could contribute about 11 exahashes per second (EH/s) to the total bitcoin hash rate. Yang said “...the bitcoin network’s total hash rate is estimated to reach 120 EH/s by the end of this year.”
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