AX1 set to purchase most advanced miners in the world from China

AX1 representatives have flown to China to negotiate the purchase of world-leading crypto mining technology for its UK operation.

Mark Shaw, director of product for AX1, has been meeting with Chinese technology experts and hardware suppliers to ensure its facility benefits from the latest technological advances in mining equipment.

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

Further benefits of the trip include AX1’s thorough due diligence, as well as laying foundations for secure, long-term business relationships. The outcome is that AX1 will remain at the forefront of the crypto mining industry.

Shaw said: “Demand for miners is intense and getting the attention of mining manufacturers in this competitive landscape isn’t easy. Organising the meetings in China took months of hard work and negotiation.”

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 state-of-the-art data centre in Manchester, UK, with an option to build a dedicated purpose-built facility alongside competitive power deals to power AX1’s miners.

Shaw added: “By achieving its soft cap, leveraging its buying power and negotiating competitive terms with Chinese mining manufacturers, AX1 is now in the strongest position possible to purchase the miners and start mining, with first orders being placed imminently.”

Updates to follow on the latest news from AX1’s trip to China. Stay tuned.

https://ax1.io