AX1 pulls ahead of Road Map schedule following purchase of world’s most advanced miners from China

Mark Shaw, director of product for AX1, flew to China to meet technology experts and hardware suppliers to ensure AX1’s facility benefits from the latest technological advances in mining equipment.

As a result of the trip, AX1 has purchased 300 miners for delivery and installation in early June — putting the programme weeks ahead of its expected Road Map schedule.

As the recently launched AX1 token has already achieved its soft cap target, the trip was designed to leverage purchasing power by negotiating directly with the hardware providers rather than through brokers. This ensured the best deals were secured on the most power-efficient miners with the highest hash rates.

The trip also demonstrated AX1’s thorough due diligence, as well as helping to lay foundations for secure, long-term business relationships within a nation at the cutting edge of crypto mining technology. This will ensure that AX1 remains ahead of the game in the UK.

In today’s market, mining cryptocurrencies profitably requires not only correct infrastructure and reliable, cost-effective power but also the latest mining technology. Mining equipment is costly, with minimum investment starting at US$2,000 per unit, rising substantially dependent on the algorithm and specification of the miner. Furthermore, running an enterprise level mining operation requires a supplier that can offer a consistent supply of miners, spare parts and a world class after-sales support service.

AX1 has already secured the use of a stateof-the-art data centre in Manchester, UK, with an option to build a dedicated purpose-builtfacility alongside competitive power deals to power AX1’s miners. This plan is now well on track as the mining operation moves from plan to reality.

AX1’s equipment purchase includes 100 of the world’s most efficient Bitcoin miners — the Innosolicon T2, as well as 200 altcoin miners by Innosilicon.