KnCMiner Sold $3 Million In Bitcoin Digital Mining Machines

Posted Nov 16, 2013

KnCMiner is known for manufacturing state-of-the-art Bitcoin mining machines.  The company disclosed that the active orders and pre-orders for their Saturn and Jupiter rigs are now sold out.

KnCMiner has a scheduled production of 5,000 units and they sold out.  The company sales were capped by large sales in four days from November 7, 2013 to November 10, 2013.  KnCMiner accepted $3 million in orders for all of their November supply.  During the same period of time, the value of Bitcoin jumped almost 27% from $264 to $336. Bitcoin hit a peak value of $395 and trading volume at 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.”

KnCMiner sold out a $600,000 supply upgrade modules in under 5 minutes to existing customers that have rigs.  KnCMiner produced nearly $29 million in total global sales of their Bitcoin mini rings to 120 different countries in seven months of existence since April 2013.

[Source: Digital Journal]