Bitmain Slashes ASIC Prices Amid Mining Industry Downturn

Core Insights - Bitmain is aggressively cutting prices on various generations of Bitcoin mining hardware to address pressures in the mining sector [1][3][9] Pricing Strategies - Discounts are being offered on both older and newer models, indicating a strategy to clear inventory amid strained mining economics [3][9] - Specific promotions include a bundle deal for four S19 XP+ Hydro units at an effective price of approximately $4 per terahash, with shipments starting in January 2026 [4][9] - An auction for the S19k Pro model began with a starting bid of $5.5 per terahash, with final prices determined post-bidding, and deliveries expected in December 2025 [5] Internal Pricing and Discounts - Internal price lists reveal that as of December 22, prices for S19e XP Hydro and 3U S19 XP Hydro units were as low as $3 per terahash, while S19 XP+ Hydro machines were around $4 per terahash [6][9] - Newer models like S21 Immersion miners were priced at approximately $7 per terahash, and S21+ Hydro machines near $8 per terahash before applying coupons [7] Bundled Sales and Hosting Services - Bitmain is combining hardware discounts with hosting services to stimulate demand and facilitate equipment sales [9] - Hosting rates range from 5.5 to 7 cents per kilowatt-hour across various jurisdictions, including the United States and several countries in South America and Africa [8]