Bitdeer (NASDAQ: BTDR) has announced a forthcoming auction for used mining equipment on its official website. The auction will feature a total of 2,880 used Antminer S19 units from Bitdeer’s Norway mining datacenter. The starting price for the auction is set at $270,000.

The auction will include two types of Antminer S19 models: the Antminer S19-95T and the Antminer S19-90T. Among the total units, 2,132 are Antminer S19–95T, while 748 are Antminer S19–90T. The auction starts on September 24, 2024, at 10:00 AM in UTC+8 and ends on September 26, 2024, at 10:00 AM in UTC+8. Print bidders need to start bidding at $270 000, while internet bidders need to provide a bid deposit of $10 000 to participate in the bid. Bid increments are at $1000.

In order to qualify for auction, the bidder is required to pay the deposit in the form of USDT, and this should be done at least one business day before the close of the auction to allow for any transaction restriction or delay. The deposit will be returned in full if a bid is unsuccessful, although the refund amount can depend on the on-chain processing speed.

Bitdeer to Auction 2,880 Used Mining Devices from Norway Facility

The equipment put under auction consists of 2,880 mining devices, which were bought and used between December 2020 and May 2021. They are currently being used at the Bitdeer Norway plant, as indicated in the facility. For instance, the units will have no power cords, and the company does not guarantee the warranty or after-sales services.

The successful bidders will be required to organize for direct pick-up of the machines from the Norway mining farm. They can either own a logistics service or hire one from the company recommended by the Bitdeer platform. The company provided a tentative date for the shipment of these models, which is mid-October 2024.

The various parties that may be interested in bidding to undertake the business should know that the used mining machines may not look like new ones and may operate at lower frequencies owing to various factors such as changes in the market price, cost of electricity, and mining difficulty, which are normally beyond the control of the miners. Before placing a bid, the buyers need to research the reliability and performance of these used machines. Furthermore, if the machines are to be utilized internally within Norway, they will attract a value-added tax of 25%.

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