The new miner, the Antminer S19XP, was officially announced at the company’s World Digital Mining Summit in Dubai this week.
The smaller the chip, the more transistors you can pack into the computer, which results in efficiency gains that reduces power consumption and heat build up..
The discount is included to compensate for the fact that these machines will have a lead time from ordering to deployment of anywhere from 7 to 10 months—potentially even longer if chip shortages and supply-chain bottlenecks throttle manufacturing output and delivery schedules.
Mining industry sources that the Luxor team has spoken to say that Bitmain has a production target of 20,000 Antminer S19 XPs a month.
Assuming the manufacturer meets these targets, that would mean Bitmain could produce 280,000 S19 XPs before the close of next year.
If Bitmain’s production and delivery schedule goes as planned, the first batches will go online towards the end of Q3 and throughout Q4.
Mega farms in North America and elsewhere will be the first to secure these machines.