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Coin Circle (120BTc.COM) News: Yesterday evening, the price of Bitcoin once exceeded 44,000 US dollars, almost reaching a new high in the new year. The recent craze for inscriptions such as BRC-20 has stimulated competition in Bitcoin handling fees, and has also caused Bitcoin mining companies to Earnings have skyrocketed, stock prices are on an upward trend, and the entire industry chain, such as mining machine manufacturers and Bitcoin mining companies, has achieved outstanding performance.

The biggest gains were made by Bitcoin mining machine manufacturers. The9 and Yibang rose as much as 22.9% and 52.75% respectively yesterday, while SOS and Canaan Technology also rose by 17.18% and 15.25%.

In terms of Bitcoin mining companies, Cipher Mining and HIVE Digital
Technologies rose as much as 6.69% and 8.62% respectively. This makes the market wonder whether these mining companies have foreseen the price increase in the near future and signed contracts with mining machine manufacturers to purchase new mining machines.

 **Known Mining Machine Procurement Activity**

Under the premise of being bullish on Bitcoin, mining companies carry out large-scale technological upgrades and expansions to help maintain their leading position in the highly competitive cryptocurrency mining industry.

  * Cipher Mining purchases 37,396 units of the latest generation Antminer T21 mining machines

On December 18, Cipher Mining signed an agreement with Bitmain to purchase 37,396 units of the latest generation Antminer
T21 mining machine, with a total investment of US$99.5 million. The mining machines are expected to be delivered in the first half of 2025.

  * Iris Energy purchases 8,380 new generation Bitmain T21 mining machines

On December 15, Iris Energy announced that it would spend US$22.3 million (payable in installments) to purchase 8,380 new-generation Bitmain units.
T21 mining machine. This batch of mining machines is expected to be shipped in the second quarter of 2024, with the purpose of increasing its mining computing power to 10EH/s (the entire network’s Bitcoin computing power is approximately 478.15EH/s).

  *Phoenix Group signs $380 million mining machine purchase contract with Whatsminer

December 7, Phoenix
Group signed a mining machine purchase contract worth US$380 million with Whatsminer, which is Whatsminer’s largest order in the past two years. The contract requires Whatsminer to immediately deliver mining rigs worth $136 million, with additional options worth $246 million.

  * Riot spends $290.5 million ordering new-generation MicroBT Bitcoin mining rigs

On December 4, crypto mining company Riot spent $290.5 million to order a new generation of MicroBT Bitcoin mining machines through its manufacturing subsidiary. The order includes MicroBT’s recently released M66S mining machine, which has an efficiency rating of 18.5EH/s. All mining rigs will be manufactured in the United States and designed exclusively for immersion cooling. This is considered the largest computing power order in Riot’s history.

  * HIVE purchases 9,800 new generation Bitmain S19k Pro ASIC mining machines

HIVE Digital Technologies purchased a total of 9,800 units of the new generation Bitmain S19k Pro on November 14 and December 4
ASIC mining machine, with an investment value of approximately US$14 million, has a total hash computing power of approximately 3.35Exahash, significantly improving its mining capabilities. These new mining machines replace older, less efficient machines. It is expected that after the installation is completed, the overall power consumption of HIVE will be reduced to approximately 28.9J/TH, and the mining computing power by the end of December is expected to reach 4.8EH/s. HIVE expects these latest generation miners to achieve positive cash flow after the Bitcoin halving.

According to recent reports, mining companies will purchase more than US$1.2 billion in Bitcoin mining machines at least in 2023. You must know that the Bitcoin mining industry is extremely risky, and these high-risk companies are constantly increasing leverage and purchasing new ones. Mining machines, looking forward to stable Bitcoin cash flow, show their optimistic expectations for the Bitcoin market in the next few years. Mining companies bought so many before they were about to mine, but mining machine manufacturers have already made a lot of profits. It can be said to be the biggest winner.