ASICMiner, one of the first companies to successfully deploy bitcoin ASIC mining hardware in 2013, has seen its share price double over the last month. The gains come ahead of the expected Jan 20 tapeout date for ASICMiner’s 3rd generation hardware indicated by the companies CEO in a December announcement. As multiple consumer ASIC companies prepare to ship inventory and private mining operations increase in scale, often with equal or superior hardware, meeting schedule expectations will be paramount to ASICMiner’s future. As one of the first successful ASIC producers, AM was able to maintain a significant hardware advantage through mid-2013, …
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ASICMiner, one of the best-known bitcoin companies to issue BTC-denominated equity, released their latest earnings update last week. This was the second such report from the company, with the first released in late July. As both were issued via bitcoin forum threads with links to external files, this report is intended to offer context and additional clarity around those figures. ASICMiner (AM) initially raised capital by means of an equity offering in 2012, with share priced at 0.1 BTC each. The company generates income by mining directly and indirectly, as well as selling mining equipment to others. Previously a favorite …
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Nov 6, 2013
Posted
Businesses, Featured, Mining, News, Trading
Tagged AM, Company Update, fiat, price, TGB
Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. In early 2013 bitcoin mining saw the start of the application specific integrated circuit (ASIC) revolution. ASICs are customized components that perform the calculations necessary for bitcoin mining significantly faster than any hardware that came before it. To anyone following the exponential growth that has occurred over the last six months it is clear that this story is nowhere near finished. The Current ASIC Environment There are two factors driving ASIC adoption: ASIC chip design, which is limited by technical expertise, and production capacity, which …
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