WDMS 2022 Was Successfully Held, Empowering the Global Digital Mining Industry into the Future
On July 26, BITMAIN - the world's leading manufacturer of digital currency mining servers through its brand ANTMINER successfully held the World Digital Mining Summit 2022 conference in Miami, USA, offering miners across the world with new investment solutions to support the growth of the industry.
The event started with an opening speech from Francis X. Suarez, Mayor of Miami, welcoming all the participants at the World Digital Mining Summit, voicing his strong beliefs in the blockchain and digital currency mining industry for building a bright future for all generations.
Irene Gao, BITMAIN Sales Director, shared her insights on the current challenges and opportunities of the industry, revealing how BITMAIN's mining solutions support the issues for insufficient capital, capacity, and operational instability, by providing innovative solutions and high-quality mining products. She explained BITMAIN's future path towards green development, supporting the expansion of a sustainable future. BITMAIN launched new programs such as ANTique ANTMINER Coupons to reduce the carbon footprint for a greener mining ecosystem and initiated charitable campaigns to give back to the community.
SQ, President of BITMAIN's Product Division, presented the global mining expansion of data centers. Through the direction of BITMAIN, the company aims to provide enhanced integrated services, worldwide hosting, dedicated support, and advanced mining equipment. SQ explained why BITMAIN strategically deploys hydro cooling data centers, which solve problems such as unstable operations in areas with high temperatures and high humidity that improve the life cycle of miners. Hydro cooling servers provide stable mining output and reduce operating costs, allowing for greater profitability. It lowers the entry threshold for hydro cooling mining, and a new consignment model, "Consign-to-Own" has just been launched. She also shared that BITMAIN's global network of authorized maintenance hubs will further promote the development and maintenance of miners globally.
Simon Wang, ANTMINER Sales Director, discussed the future of mining through hydro cooling operations. He introduced the evolutionary development of BITMAIN's hydro cooling technology, leading up to the latest ANTMINER models (S19 Hydro, S19 Pro+ Hyd., and S19 XP Hyd.). A road map of hydro cooling containers was shared for ANTSPACE HK5, 2023 and ANTSPACE HK7, 2024, further enhancing the ANTSPACE's development of power efficiency. Simon emphasized how hydro cooling technology boasts impressive financial benefits for environmental effectiveness while providing advanced operations, high-energy efficiency, and long-term mining operations, paving the future for mining operations.
Xmei Lin, Head of Marketing at BITMAIN, pointed out in her speech that PoW is the best decentralized consensus. In contrast, PoS cannot solve the problem of decentralization. As for the issue of PoW's energy consumption, from a different perspective, is necessary and even positive. First, PoW consumes only about 0.2% of global power generation; second, PoW's application in the mining industry plays a huge advantage in stabilizing the grid, promoting clean energy use, and creating new economic growth points. BITMAIN adheres to the path of PoW and continues to explore cleaner energy resources to actively contribute to the PoW ecosystem.
Max Liao, Managing Director of Business Development at ANTALPHA, shared the company’s financial solutions to assist miners navigate the current bear cycle. He introduced innovative solutions such as electricity financing, which utilizes hashrate collateralization to pay for electricity by pledging future cryptocurrency production. He then introduced purchase order collateralization, providing miners more flexibility to purchase new equipment. Max then discussed the commonly known token collateralization but explained how ANTALPHA tailors existing financing solutions, offering a combination of token and hashrate collateralization altogether.
Leon Lv, CEO of ANTPOOL, shared that ANTPOOL can help their clients build their own mining pools and provide technical support. ANTPOOL specializes in integrating resources of the mining industry, which has connected around 22 countries across 5 continents and is expanding into the United States market, providing a one-stop solution for users. ANTPOOL is also committed to creating a new PoW ecosystem and has invested $10 million to support the ETC ecosystem and incubate high-quality PoW projects.
Alan Martinez, Regional Sales Manager of JSBIT Technology INC. shared how miners should keep in mind that the industry will experience market ups and downs over time and that markets have shown the ability to recover”. Ruslan Zinurov, CEO and Co-Founder of Merkle Standard showcased their Washington and South Carolina data centers. He pointed out that compared to air cooling, hydro cooling servers are more efficient, stable, and quiet, which leads to a longer service life. Fred Thiel, CEO of Marathon Digital Holdings, analyzed historical market trends and shared how to use the WACC Formula to determine the long-term, sustainable strategy for managing BTC holding.
WDMS would like to thank everyone who participated in the event. BITMAIN continues to work closely with its partners and customers to create a better digital world by building win-win cooperation, long-term values and trustworthy partnerships. Stay tuned for the next World Digital Mining Summit. We look forward to having you join us again!
