Bitmain to Ship 56,000 Bitcoin ASICs to Georgia
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Bitmain has signed a deal with ISW Holdings to ship 56,000 ASIC miners to Georgia for $62 million. The Nevada-based portfolio company estimates that the full complement running at full capacity will bring estimated annual revenues of over $100 million.

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ISW also said in a press release it expects to have the first 20 MW of power paired with rigs and running full-out by October 2021. The final deadline for all ASICs to be delivered is set for October 2022. As of press time, ISW Holdings is running 700 ASICs, representing a mix of Bitmain Antminer S17, Bitmain S19 95TH/s, and Canaan Avalons with the current total hashrate of 36,000 TH/s.

Mining Firm Marathon to Invest $120M in Bitmain Miners

Earlier in August, Bitmain warned that its main chipmaking partner Taiwan Semiconductor Manufacturing Company (TSMC) will increase prices for all semiconductor processes by 20%. According to multiple sources close to TSMC, the chip shortage will likely remain until 2025.

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