Bitmain Appoints Bit5ive, Fastblock as Official Distributors
- Bit5ive is a Miami-based mining enterprise will be distributing Antminers in more than 30 countries.
- Fastblock is a mining-as-a-service company with a vast background in blockchain and will handle Antminer distributions in Brazil.
Jihan Wu, co-founder of Bitmain, announces Antminer S17+ and T17+ at the World Digital Mining Summit (WDMS) in Frankfurt, Germany on October 9, 2019. Bitmain
The Chinese mining hardware producer, Bitmain, is solidifying its international reach by selecting two cryptocurrency mining consulting firms, Bit5ive and Fastblock, as official distributors of Antminer in South America, the company announced on 12 December.
Irene Goa, Antminer sales director of NCSA, said South America is an important region for the cryptocurrency mining sector.
She also said that the alliance with Bit5ive and Fastblock will help Bitmain foster the relationships they have with the mining community and infuse trust in the Antminer sales process.
Bit5ive, a global leader in mining based in Miami, will be distributing Antminers in more than 30 countries in Latin, Central America, and the Caribbean.
Bit5ive’s CEO and co-founder, Robert Collazo, said his team looks forward to a close collaboration with Bitmain. He reiterated that the distributor license will help affirm the trust in the Antminers sales process.
On the other hand, Fastblock will be the main distributor of Antminers in Brazil. The mining-as-a-service firm CEO and co-founder, Bernando Schucman, said his company has attained blockchain knowledge from managing over 20 Antminer-based mining plants since 2014.
He guaranteed that his firm gives the best prices and has highly-skilled teams that can advise on the most cost-effective solution for any mining project.
The two firms have been selected because they can offer further expertise and auxiliary services, such as customer clearing, logistics, mining farm hosting, and consultancy.
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- The $200 million investment will make it the largest investors in the Bitcoin mining industry in the U.S.
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- The majority of the energy used in the new farm will come from renewable sources.