Bitmain Diversifies Product Range with Aleo Blockchain Mining Machines

Bitmain, the main producer of Bitcoin (BTC) mining machines, has introduced plans to launch miners designed for Aleo, a privacy-focused blockchain platform that makes use of zero-knowledge proofs (ZKP).

The China-based agency revealed its plans in a WeChat post on Monday, stating that it’ll introduce an ‘Antminer’ mannequin tailor-made for Aleo, which is at the moment within the testnet section.

The event follows Bitmain’s latest attention-grabbing inside announcement about payment delays for its staff in September, reportedly on account of money move challenges.

However, the corporate has now resolved this difficulty and stays actively engaged in product enlargement, though no particular timeline for the Aleo miner has been given.

Antminer S21

Bitmain has already launched its newest Antminer S21 mannequin, with some mining corporations expressing sturdy curiosity within the new machine.

For example, CleanSpark, a Nasdaq-listed American Bitcoin miner, earlier this month disclosed a major purchase of the S21 mining machines, saying it expects to extend the effectivity of its general operation by over 17% as soon as all the brand new machines have been put in.

The transfer into Aleo-based mining machines aligns with Bitmain’s technique to diversify its product vary and discover new alternatives within the blockchain area.

Whereas the agency navigates monetary challenges, it stays a big participant within the mining {hardware} sector because the main producer of application-specific built-in circuit (ASIC) mining machines.

Along with producing mining machines, Bitmain additionally operates AntPool, the world’s second-largest Bitcoin mining pool behind Foundry USA.