SOURCE: KnCMiner

KnCMiner

November 15, 2013 13:00 ET

KnCMiner Sells $3M of Top-of-the-Line Bitcoin Digital Mining Machines in Record Four Days of Bitcoin Trading Frenzy

With 5,000 Total Machines Sold or Pre-Sold, Nearly $29M in Global Sales, and Anticipating 70 Percent of Global Hashing Market by the End of November, KnCMiner Is Global Leader in Digital Mining, Providing the Best Competitive Edge Possible in Current "Digital Gold Rush"

STOCKHOLM, SWEDEN--(Marketwired - Nov 15, 2013) - KnCMiner (www.KnCMiner.com/), a manufacturer of state-of-the-art Bitcoin mining machines, today disclosed that active orders and pre-orders for its Saturn and Jupiter rigs are now officially sold out, with demand meeting the company's initially scheduled production of 5,000 units. KnCMiner's sales were capped by a frenetic period of sales in just four days -- from Nov. 7 to 10, 2013 -- during which the company accepted $3 million in orders for all of its November supply. Over the same period of time, the value of popular digital cryptocurrency Bitcoin saw an increase by nearly 27 percent, from $264 USD to $336 USD, while reaching a peak value of $395 and trading volume of 14,000 over that time.

"While we have seen a significant increase in demand for our line of machines from the last quarter to this one, what happened in the last four days has been unprecedented for us, maybe unprecedented anywhere in the Bitcoin mining industry. In four short days, we pushed $3 million of equipment out the door," said KnCMiner CEO Andreas Kennemar. "The increased activity around Bitcoin in just half a week undoubtedly had a sizable impact on our sales. We're now focusing on doing everything we can to meet the demand we expect we will continue to receive, especially as Bitcoin's popularity continues to soar."

Subsequent to selling out its production supply for November in just a matter of days, KnCMiner also sold out a $600,000 supply of upgrade modules in under five minutes to existing customers who already have rigs. KnCMiner has produced almost $29 million in total global sales of its Bitcoin mining rigs to 120 different countries in the company's seven short months of existence since April 2013, rapidly going from market entry to market leader. The company will soon begin taking pre-orders again to meet this historic demand by miners who are participating in the new "digital gold rush."

KnCMiner offers Bitcoin mining hardware that is faster and more efficient at producing the virtual cryptocurrency, at competitive prices, while keeping energy costs lower and mining areas cooler. KnCMiner has partnered with the biggest names in supercomputing, including a recent partnership with Alchip Technologies, to deliver rigs that can hash faster and more efficiently than any others on the market. KnCMiner's line of Bitcoin speciality machines, including the popular Jupiter and Saturn models, contain proprietary technology with custom-engineered ASIC that provide the highest production performance on the market with energy-saving features that are unique to the product line.

For more details about KnCMiner, and specific lines of machines such as the Jupiter and Saturn, please visit www.KnCMiner.com.

About KnCMiner
KnCMiner is a Swedish company founded in 2013 as a joint venture between ORSoC AB and Kennemar & Cole AB. KnCMiner produces a popular line of machines to help Bitcoin producers mine the digital cryptocurrency more effectively and more efficiently at overall lower cost. For more information, please visit www.KnCMiner.com.

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