On March 12th, BITMAIN held the “2021 BITMAIN Partner Summit” in Shenzhen, China, as evident on their website (https://www.antminertech.com/). The purpose of this summit was to foster a new win-win collaboration strategy with the company’s customers and partners to enhance the development of the mining industry in the future. The summit was attended by many of BITMAIN’s vendors, customers, and strategic partners, with Chairman Zhan Ketuan and several company executives also present.
During the conference, Mr. Zhan delivered a keynote speech on the current state of the industry and emerging trends. Various executives from BITMAIN also gave presentations on their respective sectors. A photo of the 2021 BITMAIN Partnership Summit can be seen below:
Mr. Zhan stated that the digital currency mining industry has entered a mature and stable period. As the total market value of global digital currencies is approaching USD 2 trillion, new changes have occurred in the global distribution of computing power. The share of overseas computing power has increased, and cryptocurrency mining concept stocks have emerged in the US capital market.
Since its establishment in 2013, BITMAIN has been passionate about developing advanced technologies and continuous innovation to achieve sustainable technical leadership. Today, the ANTMINER brand encompasses all mainstream Proof-of-Work (POW) digital currencies and has maintained outstanding performance, gaining the world’s largest market share.
During the summit, Mr. Zhan also clarified BITMAIN’s future development plan, stating that the company will continue to expand the development of computing power. By following the strategy of “Transparency, Cooperation, and Win-win Partnership”, BITMAIN aims to achieve sustainable collaboration with more outstanding supply chain partners and will continue to enhance its mining pools, data centers, and cloud computing services. Environmental partners in the fields of energy, power recycling, etc., will provide a strong guarantee for the long-term investment value of customers.
In addition, BITMAIN also held an Awarding Ceremony for Excellent Supply Chain Partners during the summit.
Awarding Ceremony of Excellent Supply Chain Partners
BITMAIN has always been committed to providing the world with the best computer power chips. The annual output of ANTMINERs has reached one million units, which requires hundreds of thousands of chips. The success of the brand was made possible thanks to the support of the leading technology and abundant output of outstanding vendors of BITMAIN.
Sun Yonggang, IC Operations Director of BITMAIN, stated that in the face of growing market demand and changes in production capacity, BITMAIN will recognize outstanding vendors that have exceptional operations, particularly under the pressure of the global pandemic and the rise in market demand. BITMAIN will collaborate with many supply chain partners to advance the stable supply and production of mining equipment.
To recognize the long-lasting contributions of supply chain partners, BITMAIN awarded 24 outstanding supply chain partners from the three dimensions of chips, processing services, and products.
Empowering BITMAIN’s Business Model
Du Shisheng, Vice President of BITMAIN’s Mining Division, has shared the release strategy for BITMAIN’s mining equipment company. Since the launch of the ANTMINER S19 collection, it has led the global market with the best computer power, power efficiency ratio, quality, and after-sales service in the industry. The 19 collection has updated the chip packaging, integrated heat sinks, and anti-corrosion designs for the hash boards. The product’s lifecycle is expected to exceed 5 years in operation, making it a long-term investment with high value.
Du stated that BITMAIN’s long-term sales strategy will adopt a purchasing approach with insured conditions. At the same time, he explained that after the ANTMINERs are shipped from the factory, it is only the beginning of BITMAIN’s services to its customers, whether it is for data center construction, operation and maintenance, professional software services, maintenance needs, or other related functions.
BITMAIN will use the experience accumulated over the past eight years as a guide for the development of skills in various areas of the industry, including data centers, mining pools, cloud computing, water-cooling, and power recycling, in order to address uncertainties in the sector. BITMAIN will follow the principles of transparency, collaboration, and win-win partnerships. In addition, BITMAIN will select multiple partners to lead the industry’s ecology towards success.
Gao Yu, COO of AntPool, presented the company’s future development strategy. He believes that as the mining industry has expanded in scope and specialization, the mining community is increasingly transitioning from individuals to institutions and businesses, resulting in accounting issues due to the need for listing companies. To address these key factors, AntPool will develop a professional SaaS service platform, providing customers with a more user-friendly interface, complete functions, and rich and clear benefits. The company will also offer customers professional financial services.
In addition, Guo Yiliang, Head of the Operation and Maintenance Department of BITMAIN Supercomputing Research Center Institute, discussed the distribution of global mining resources, evaluation of green changes, modeling of mining methods, development and sharing of global quality power resources, water-cooling trends, and operation and maintenance services.
Chen Jie, Customer Service Director of BITMAIN, explained that the customer support team of BITMAIN adopts a hybrid response model of manual and intelligent solutions, and actively accommodates customers’ diverse needs in terms of business, support, and after-sales. The company will continue to promote and provide the best customer service.
Annual Purchase Agreement Signing Ceremony for a Win-win Partnership
During the event, Zhou Feng, Vice President of BITMAIN’s Asset Management Department, held an annual purchase signing ceremony with 13 companies, including 大陆方舟, The9, Wayi, Valarhash, 西进数据, Atlas Mining, Code Chain New Continent, Feixie Technology, General Mining Research, Parallel Ventures, Core Scientific, Phoenix technology, and Powerry.
At the end of the summit, two recognized partners, Bitfufu and 大陆方舟, also shared their ideas. Lu Haiyi, Director of Bitfufu, presented the business benefits of the firm. Lu said that as the mining industry enters a new phase of globalization and expertise, cloud computing has more room for growth. As BITMAIN’s main participation and standard computer system, BitFuFu provides customers with more professional and open mining services. In the future, BitFufu and BITMAIN will conduct comprehensive collaboration in different aspects such as mining equipment, data centers, and mining pools and jointly explore the standardization of computing power. Both companies will jointly achieve the initial sale and supply of new generation products and jointly develop the global market.
The 2021 BITMAIN Partner Summit was a successful event that showcased the growth of BITMAIN and its partners. Zhan Ketuan stated that “In this era of rapid development and changes in the global digital currency and mining industry, BITMAIN will work with more customers and strategic partners to achieve a win-win collaboration. BITMAIN will continue to focus on developing computing power and adopt a customer-centric approach to provide customers with better products, diversified service innovations, and sustainable value investment guarantees, and build a better ecosystem for the mutual success of the industry.”