July 22, 2024

Bitmain ASIC Miner Enters New Markets

Bitmain ASIC Miner Enters New Markets

Leading manufacturer of bitcoin mining equipment Bitmain has announced the selection of two officialdistributors for a new promising market located in South America.

Bitmain Expands Global Distribution Network

In an official press release, the world's largestBitmain, the manufacturer of ASIC miners, announces the entry into the South American market and the choice of two consulting cryptocurrency companies Bit5ive and Fastblock for the distribution of Antminer in the region.

“South America continues to be importantregion for the cryptocurrency mining sector. Our partnership with Fastblock and Bit5ive will help strengthen relationships with the local mining community and inspire confidence in Antminer's sales process. ”“, Said Irene Gao, Antminer NCSA's Sales Director.

Bit5ive was founded in Miami in 2013 andengaged in the sale of mining equipment, and also provides technical and consulting support to customers. The company will sell Antminer in more than 30 countries, not only in Central and Latin America, but also in the Caribbean. Fastblock intends to distribute Bitmain devices in Brazil.

“The Bit5ive team looks forward to a close partnership with Bitmain. An Official Distributor License Helps Build South American Miners' Trust in Antminer Sales Process »“Said Robert D. Collazo Jr., CEO and co-founder of Bit5ive.

These two companies were selected due to theiropportunities to provide regional customers with additional information support. Also, firms will provide additional services, such as: customer service, logistics, hosting services, consulting and many others.

Recall that earlier Bitmain officially announced an IPO in the United States, in which the companies were assisted by the largest German bank Deutsche Bank.