"Bitmain Bows: ABTC Uses a Collateral Agreement to Cut Mining Machine Prices by 44%" (Author: Heart of Computing Power)


U.S. stock-listed mining company ABTC disclosed in its May 7th financial report that it purchased over 10,000 of the latest mining machines from Bitmain for nearly $50 million, of which about 80% was not paid in cash but collateralized with 314 BTC. The article states that the two parties locked the BTC redemption price at $125.9k per BTC, higher than the BTC market price at the time of the transaction, and signed a two-year redemption agreement; ABTC can redeem BTC with cash after two years, and if the price does not reach the agreed level, it can choose to forgo redemption. As of the end of March 2026, ABTC had purchased mining machines worth about $364 million from Bitmain but only collateralized 3,090 BTC, with a fair value of approximately $210 million. The article believes that this type of "BTC collateral + valuation lock + redemption option" structure reflects the cooling demand for mining machines after Bitcoin halving and the increased bargaining power of buyers.
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