ASICs with a New Lease on Life
Yes, our miners have some used equipment in them now. It’s not a bug; it’s the feature!
New paradigms result in new directions. That is why we have shifted our business model to take one small step to dispel the myths surrounding the negative environmental impact of mining Bitcoin. Bitcoin is GOOD for our planet and its people, and we are here to prove that.
For years, China had dominated the Bitcoin mining industry. But in the summer of 2021, the country instituted a crackdown on Bitcoin and mining. China finally took the fatal blow that resulted from these environmental myths. This caused a surplus of used mining equipment on the open market.
Commercial buyers couldn’t, or didn’t want to, replace their existing infrastructure with many of these second-hand products coming out of China. Although some of this equipment isn’t optimally suited for large-scale commercial operations, it is perfect for mining Bitcoin at home – that’s where we come in.
Our goal is to take this otherwise underutilized mining equipment and give it a new purpose. Effective immediately, we will be transitioning our business to include upcycled OEM parts into our production cycle. All repurposed equipment will meet our same rigorous quality testing guidelines and warranty terms.
We are excited for the next chapter of our business and what it means to us to encourage newcomers to learn more about Bitcoin. Thank you to all who have supported us over the years. It is beyond words to express how grateful I am to be a part of this journey with you.