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CoinDesk<\/a>, citing an industry source, reports that models in this category\u2014the Antminer S19 and S19 Pro from Bitmain\u2014are selling at $20-$23 per TH.<\/p>\n In this price range, the top-line Whatsminer M30 series from MicroBTC is also being sold.<\/p>\n According to a publication’s source, market pressure was driven by the bankruptcy of Celsius Mining together with its parent company<\/a>. In June, Celsius Network’s mining division sold 6,000 miners at $28\/TH at auction. A second tranche of 5,000 units was sold at $22\/TH.<\/p>\n In 2021, Celsius Network invested a total of $500 million<\/a> in North American mining. In November, the company’s CEO, Alex Mashinsky, said the fleet consisted of 22,000 ASIC devices, predominantly Antminer S19.<\/p>\n \u201cAs new devices come to market, we expect prices for the next generation to fall by another $1-$2\/TH. There are mining companies that will need to liquidate part of their fleets, which will put further pressure on ASIC miner prices,\u201d forecast Luxor’s Chief Operating Officer Ethan Vera.<\/p>\n<\/blockquote>\n According to him, falling miner prices may find some support at around $18-$20\/TH. At this level there is currently a \u201cflood of buy orders,\u201d Vera said.<\/p>\n In July, CleanSpark said it acquired 1,061 Whatsminer M30S units<\/a> at a \u201csignificantly reduced price.\u201d A month earlier, the company bought 1,800 Antminer S19 XP, which it described as \u201cexceptionally favorable.\u201d<\/p>\n In June, mining profitability of Bitcoin fell to 2020 levels<\/a>, according to Arcane Research analysts.<\/p>\n In the same month, aggregate revenue of Bitcoin miners was $668 million<\/a> \u2014 down 26% from May.<\/p>\n\n