Bitmain announced updated pricing for several miner models and introduced a package deal: four S19 XP+ Hydro units bundled with an ANTRACK V2 container. For this model, with an energy efficiency of 19 joules per terahash, the price is approximately $4 per terahash, with deliveries promised in January 2026. At the same time, internal price lists indicate that the cost of the S19e XP Hydro and 3U S19 XP Hydro has dropped to $3 per terahash, while newer models S21 Immersion and S21+ Hydro are priced at about $7 and $8 per terahash, respectively.
Reasons Behind Bitmain's Price Reductions
In its announcement and accompanying materials, the company links the price adjustments to a worsening mining economy and changing demand across different models. Industry observers note a combination of low mining profitability and intensified competition among manufacturers and sellers. As a result, demand for less energy-efficient devices has declined, putting additional pressure on pricing.
- Decline in Bitcoin mining profitability.
- Increased competition among ASIC manufacturers and sellers.
- Reduced demand for less efficient models.
New Bitmain Miner Prices
The company formally lists different price tiers across its product lineup; detailed pricing and terms can be compared with other sources, including current offers, to select the best option. Below are key items highlighted in Bitmain’s materials and internal price lists.
- S19 XP+ Hydro — approximately $4 per terahash at 19 J/TH efficiency; available as a package deal with the ANTRACK V2 container.
- S19e XP Hydro and 3U S19 XP Hydro — around $3 per terahash according to internal price lists.
- S21 Immersion — about $7 per terahash.
- S21+ Hydro — about $8 per terahash.
S19k Pro Auction in November
Earlier in November, Bitmain held an auction for the air-cooled S19k Pro device, characterized by an energy efficiency of 23 J/TH. The auction started with a bid of $5.5 per terahash, with the final price determined at the end of bidding. The company indicated that deliveries of these units would be promised by the end of December.
Current Mining Market Situation
The market maintains a high aggregate network hashrate, while mining profitability is near multi-year lows — a combination that reduces miners’ margins and lowers demand for new equipment. Additionally, data from October shows China accounted for 14.06% of the global hashrate, reflecting the distribution of production and capacity worldwide; further insights on the mining crisis are available in the related mining crisis overview.
Why This Matters
For equipment owners, price reductions mean lower costs for upgrading their fleets, but simultaneously, the current drop in profitability lengthens payback periods. If you plan to purchase or upgrade, consider delivery times and price per terahash: the S19 XP+ Hydro package with January 2026 delivery could be attractive when calculating profitability. Additional price comparisons and implications are discussed in the 2025 miner pricing article.
What to Do?
- Recalculate payback periods for your capacity using current model prices and actual electricity rates in your region.
- Evaluate device energy efficiency: with low profitability, models with lower J/TH are preferable.
- Consider phased purchasing: compare the January 2026 delivery of S19 XP+ Hydro with availability of models on the secondary market.
- If you operate up to 1,000 units, assess your project’s sensitivity to profitability changes and develop a contingency funding plan in case of further margin pressure.
- Monitor price list updates and auction results — they influence supply of both new and used equipment.