NuMiner Technologies Ltd. and NuMiner Global, Inc. announced the launch of NuMiner Technologies’ next-generation NM440 bitcoin miners and NuMiner Global as the exclusive global distributor.
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The NM440 combines innovative processing technology and design to introduce the world’s most efficient and powerful miner. The NM440’s leading performance and distinct advantage is driven by groundbreaking proprietary hardware and software.
Sets a new industry standard with a hash rate as high as 440 TH/s and a power efficiency ratio of 20.2 joules per terahash (“J/TH”).
Processing hash rate of >3x the recently announced leading miner yet to be delivered, >4x currently available market-leading miners and >8x the average bitcoin miner on market.
~75% less energy consumption. Bitcoin mining globally consumed ~121 terawatt-hours of electricity in 2021. If all bitcoin miners installed the NM440, it would reduce the worldwide energy consumption for bitcoin mining by ~75%.
~4.5x more profitable than currently available market-leading miners, given superior processing speed and reduced energy consumption.
Efficiently verifies transaction integrity on the digital public ledger. NuMiner’s solution utilizes reconfigurable AI chips to dynamically adjust the calculation target to maximize profits.
Enhanced performance reliability due to advanced engineering, circuitry design, component selection and the specialized materials used in manufacturing.
NuMiner prioritizes customers that commit to environmentally friendly cryptocurrency mining practices. Through this commitment, coupled with the company’s innovative technology, NuMiner will enable an industry shift toward renewable and sustainable energy.
The NM440 is being produced in coordination with leading technology suppliers, including Taiwan Semiconductor Manufacturing Company (“TSMC”), Foxconn and Xilinx. Deliveries are expected to commence in the second quarter of 2022.
The performance specifications of the NM440 have been independently validated by leading global testing company TÜV Nord’s certified lab BACnet Testing Laboratories (“BTL”). A summary of the capabilities of the NM440 is available on NuMiner.com.
Preferred Customer Sphere 3D Expected to Represent ~15% of Global Network Hash Rate
NuMiner and Sphere 3D Corp. (Nasdaq: ANY) (“Sphere 3D”) have entered into an agreement pursuant to which Sphere 3D has committed to purchase 60,000 NM440 machines for a purchase price of ~$1.7 billion, to be paid in cash and Sphere 3D stock, with an option to purchase an additional 60,000 NM440 machines.
Once operational, in aggregate, the 60,000 NM440 machines are expected to represent 26.4 exahash per second and ~15% of the global network hash rate1, making Sphere 3D one of the largest bitcoin miners in the global bitcoin mining industry. Consistent with NuMiner’s focus on promoting an industry shift toward sustainable cryptocurrency mining, Sphere 3D has committed to using only renewable energy to power its NM440 machines.
About NuMiner Technologies Ltd.
NuMiner Technologies is dedicated to designing the most powerful and efficient crypto mining technology. We specialize in hardware design and development, software development and IC design, and our innovative team of more than 60 employees has significant expertise in technology, including cryptography. Our team has developed proprietary hardware and software that revolutionizes bitcoin mining. With unmatched processing power, significantly reduced energy consumption and enhanced blockchain-based verification processes, the NM440 is designed to enable industry-leading profits for our customers. We are proud of leading the industry toward sustainable bitcoin mining and will continue to work alongside our suppliers to innovate our technology and bring crypto mining into the future.