Digital Power Corporation, headquartered in Fremont (California) and engaging in manufacture and sale of power system solutions for the medical, military, telecom and industrial markets, is looking for organic growth by launching a line of crytocurrency mining hardware through one of its wholly owned subsidiary.
US-based Digital Power to launch power systems for ASIC miners targeting popular Antminer S9
The company’s subsidiary Coolisys Technologies that provides technology-based solutions targeting defence, aerospace, medical and industrial sectors, is expected to launch power supply systems for ASIC miners.
The company’s first AC-DC switching power supply will be produced for use by Antminer S9 model of Bitmain company.
The company intends to enter the industry as mining hardware and cryptocurrency space have grown exponentially during the past five years.
Need for efficient power solutions
The company believes that the Proof of Work (PoW) digital mining environment has gained good ground as professionals seek efficient low-cost power solutions. The cryptocurrency mining of blockchain transactions is very power-hungry and requires highest hash rates out of their systems at the lowest total cost. Since electricity is the biggest on-going cost of mining, it follows that maximizing the efficiency of power supply is critical.
Company’s competitive advantage
The company’s CEO, Amos Kohn, also believes that they have a competitive advantage in developing advanced power solutions for tech, military and healthcare sectors which can be utilized to power cloud-based computing networks and servers employing highly efficient power switching and digital signal processing (DSP).
Market sentiment from announcement
The company’s announcement of entering into mining hardware solutions has received positive feedback from the market, as the company (Digital Power) witnessed rise of 200 percent in its share price from $1.83 on 1st Dec 2017 to $5.50 on 18th Dec 2017.
Details of the product
The company’s AC-DC swapping power supply, meant for Antminer S9 model of Bitmain, has been made available for pre-orders. The application specific integrated circuit (ASIC) miner that works using a sixteen nanometer process, is expected to see efficient power usage with the company’s power supply product.
Marketplace for power supply
The marketplace for power supply for Bitcoin miners is highly competitive. The power supply cords include large firms like IBM, Astec, Dell and EMC.