Orhan 
The rise in Bitcoin’s price has globally increased the demand for mining devices, with prices in Shenzhen soaring by up to 30%. Strong demand from countries like Russia, the USA, and Canada plays a significant role in this surge.
Bitcoin Price Surge and Demand for Mining Equipment
As Bitcoin approaches $100,000, interest in mining equipment has skyrocketed. In Shenzhen’s renowned Huaqiangbei market, the price of popular models like the Antminer S21 has increased by 30% compared to last year. These devices are highly sought after by investors looking to capitalize on Bitcoin’s high value.
Buyers from Russia, the USA, and Canada have shown substantial interest in mining devices. Russia’s low energy costs, in particular, make mining activities highly profitable, fueling this demand.
Low Energy Costs and Mining Activities
Low energy costs are a critical factor in Bitcoin mining profitability. In Russia, electricity costs as low as $0.02 per kWh significantly boost miners’ profit margins. This makes Russia a major player in the global demand for mining devices.
Canada is also experiencing steady growth in device purchases due to favorable energy costs and mining-friendly conditions. Affordable energy sources encourage investors to purchase more devices to enhance efficiency.
Depleting Stocks and the Global Mining Race
The intense demand for mining devices is leading to stock shortages. Bulk purchases, with hundreds of devices being imported at once, are quickly depleting the inventory of suppliers in Shenzhen.
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