What MicroBT does

MicroBT is a Shenzhen, China-based designer and manufacturer of application-specific integrated circuit (ASIC) hardware for Bitcoin mining, operating under the WhatsMiner brand. Founded in 2016 and led by founder/CEO Zuoxing Yang, the company is one of three dominant Chinese ASIC producers (alongside Bitmain and Canaan) that collectively control over 95% of global Bitcoin mining hardware manufacturing. Its product portfolio spans air-cooled and hydro-cooled mining rigs across successive generations — including the M50, M60, M63, M70 series and the M6DS+ and M6DS++ hydro-cooled models — with the latest M70 series achieving 12.5 J/TH efficiency and the M6DS++ delivering roughly 556 TH/s at 15.5 J/TH. The firm targets large-scale mining farms and institutional operators and pursues a Samsung 2nm foundry partnership to access leading-edge process technology for next-generation ASICs.

MicroBT monetizes primarily through one-time enterprise hardware sales; pricing is quote-based and not publicly disclosed. Go-to-market is direct enterprise sales with no consumer or SMB retail channels, exemplified by a $100 million WhatsMiner purchase commitment from Luxor Technology in April 2026. Revenue mechanics are augmented by a strategic partnership with Luxor extending LuxOS firmware (Power Targeting, Advanced Thermal Management) to WhatsMiner fleets, enabling software-driven value capture on the 300,000+ machines running LuxOS globally. MicroBT's investment vehicle, Inflection Technology Limited, simultaneously took a strategic equity stake in Luxor, deepening the channel and ecosystem linkage. With 51-100 employees and no disclosed public shareholders, MicroBT remains privately held and founder-controlled.

Name

MicroBT

Legal name

Shenzhen MicroBT Electronics Technology Co., Ltd

Website

https://microbt.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

MicroBT is a Shenzhen-based ASIC Bitcoin mining hardware manufacturer producing WhatsMiner rigs (air-cooled and hydro-cooled) for large-scale mining farms and institutional operators, competing with Bitmain and Canaan globally.

Ownership category

akta.pro rank

Product category

Bitcoin Mining Hardware

NAICS

Mining Machinery and Equipment Manufacturing (333131), Mining and Oil and Gas Field Machinery Manufacturing (33313), Computer and Peripheral Equipment Manufacturing (3341)

SIC

Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Mining Hardware (ASIC/GPU) Manufacturing & Distribution (FSADAOAD)

akta.pro secondary industries

Mining Software, Firmware & Monitoring Platforms (FSADAOAF), Compute & Acceleration ICs (CPU/GPU/AI/FPGA/ASIC) (HDAHABAC)

Keywords

• ASIC mining hardware
• Bitcoin mining rigs
• Hydro-cooled miners
• Cryptocurrency mining equipment
• WhatsMiner ASIC

Headquarters

HQ city

Shenzhen

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Bitcoin ASIC Mining Hardware Sales: MicroBT generates revenue primarily through the sale of WhatsMiner-branded Bitcoin ASIC mining rigs to large-scale mining operators and institutional buyers. Revenue is one-time hardware sales with large order values as evidenced by the $100 million commitment from Luxor Technology. The company also receives strategic investment (via Inflection Technology Limited) as part of deeper partnership agreements.
2. Firmware and Software Services: Through partnership with Luxor Technology, MicroBT enables LuxOS firmware on WhatsMiner rigs, bringing enterprise-grade features such as Power Targeting and Advanced Thermal Management to WhatsMiner fleets. This partnership model extends software value on top of hardware sales.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

MicroBT designs and manufactures WhatsMiner-branded Bitcoin ASIC mining rigs, including air-cooled series (M50, M60) and hydro-cooled series (M6DS+, M6DS++, M63), as well as the next-generation M70 series with 12.5 J/TH efficiency. Products are engineered for large-scale mining farms and institutional operators requiring high hashrate output, advanced cooling systems for density deployments, and enterprise-grade firmware features. The company sells hardware primarily through direct enterprise sales channels globally, with strategic partnerships supporting firmware enablement and supply chain access.

Product overview

MicroBT is a cryptocurrency mining hardware manufacturer specializing in Bitcoin ASIC miners under the WhatsMiner brand. The product portfolio consists of multiple series of ASIC mining rigs including air-cooled models (M60 series) and hydro-cooled models (M63 series, M6DS+, M6DS++) for large-scale mining farms, along with the M50 and M70 series representing successive generations. The WhatsMiner lineup competes directly with Bitmain's Antminer series, with products differentiated by hashrate performance, power efficiency measured in J/TH, and cooling technologies (air-cooled vs. hydro-cooled). The company targets large-scale mining operations, institutional operators, and commercial buyers seeking high-computing-power mining equipment with low power ratios.

Differentiator

Problem solved

Functional benefit

Products and services

• WhatsMiner M6DS+ Hydro-cooled Bitcoin ASIC mining rig delivering approximately 504 TH/s hashrate at 17 J/TH power efficiency, designed for large-scale mining farms and institutional operators requiring substantial power infrastructure.
• WhatsMiner M6DS++ Hydro-cooled Bitcoin ASIC mining rig delivering approximately 556 TH/s hashrate at 15.5 J/TH power efficiency, the higher-tier hydro-cooled model for large-scale mining operations with improved energy efficiency over the M6DS+.
• WhatsMiner M70 Series Next-generation Bitcoin ASIC mining rig featuring 12.5 J/TH efficiency, representing improved power efficiency compared to previous generations and targeted at large-scale mining operations.
• WhatsMiner M60 Series Air-cooled Bitcoin ASIC mining rig series competing in the same tier as Bitmain's Antminer S21 XP, part of MicroBT's established product lineup for commercial mining operators.
• WhatsMiner M63 Series Hydro-cooled Bitcoin ASIC mining rig series including M63S++ model delivering 464 TH/s at 15.5 J/TH efficiency, competing in the hydro-cooling mining operations segment.
• WhatsMiner M50 Series Bitcoin ASIC mining rig series that received LuxOS firmware support, enabling enterprise-grade features like Power Targeting and Advanced Thermal Management for WhatsMiner fleets.

Quantifiable outcome

• M6DS+ delivers ~504 TH/s at 17 J/TH; M6DS++ delivers ~556 TH/s at 15.5 J/TH; M70 series achieves 12.5 J/TH efficiency
• +1 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• Luxor Technology CorporationcoreStrategic or Co-development Partner · 26 April 2026Luxor Technology expanded its LuxOS firmware to support MicroBT WhatsMiner series miners, bringing enterprise-grade features like Power Targeting and Advanced Thermal Management to WhatsMiner fleets. MicroBT, through its investment manager Inflection Technology Limited (ITL), signed a term sheet for a strategic investment in Luxor. Luxor simultaneously committed to a US$100,000,000 purchase of MicroBT WhatsMiner hardware. The phased rollout begins with select models in the M50 series, targeting operations already running LuxOS across its base of more than 300,000 Bitcoin mining machines globally. The partnership enables power target transitions within 30-60 seconds and improved ramp-up performance after curtailment events.
• Samsung ElectronicscoreTechnology or IntegrationSamsung Electronics Co. secured orders for its 2-nanometer chip manufacturing technology from two Chinese cryptocurrency mining companies including MicroBT, as part of Samsung's strategy to close the gap with TSMC in advanced semiconductor manufacturing. Samsung's 2nm GAA transistor technology with improved yield rates (targeting 50-60%) is being used for MicroBT's next-generation mining ASICs.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Bitmain: Bitmain is the global market leader in Bitcoin ASIC mining hardware under the Antminer brand. It is MicroBT's most direct competitor across nearly every product tier (e.g., M60 vs S21 XP) and the benchmark against which MicroBT's WhatsMiner is positioned.
• Canaan: Canaan manufactures AvalonMiner ASIC rigs and is one of the three Chinese producers alongside MicroBT and Bitmain controlling the majority of global Bitcoin mining hardware. Direct competitor in the same product category and customer base.
• Ebang International: Ebang is a China-based ASIC mining hardware manufacturer with the Ebit series. It competes in the same Bitcoin ASIC category as MicroBT's WhatsMiner, though at smaller scale, making it a comparable peer.

Emerging players

• Bitdeer Technologies: Bitdeer has emerged as a vertically integrated mining operator and ASIC designer through the SEALMINER line, competing head-to-head with WhatsMiner on efficiency benchmarks. Represents a newer, faster-moving entrant into the ASIC manufacturing space.
• StrongU: StrongU is a smaller ASIC mining hardware manufacturer offering competitive rigs to professional miners. Comparable to MicroBT in product category (ASIC miners) but at smaller scale and narrower market footprint.

Others

• Marathon Digital Holdings: Marathon is one of the largest publicly listed Bitcoin mining operators and a representative institutional buyer of ASIC mining hardware. Comparable as a downstream customer of MicroBT's WhatsMiner rigs in the institutional mining segment.
• Riot Platforms: Riot is a major institutional Bitcoin miner operating large-scale ASIC fleets. Comparable as a downstream enterprise buyer of mining hardware and as a benchmark for institutional mining demand trends affecting MicroBT's order book.
• CleanSpark: CleanSpark operates one of the largest US-based Bitcoin mining fleets, with a focus on energy-efficient operations. Comparable as a downstream institutional buyer of energy-efficient ASIC hardware like MicroBT's hydro-cooled models.
• Hut 8: Hut 8 is a publicly listed digital infrastructure and Bitcoin mining operator. Comparable as an institutional enterprise buyer of ASIC mining hardware and as a proxy for institutional mining capital flows.
• Core Scientific: Core Scientific operates large-scale Bitcoin mining and hosting infrastructure. Comparable as a downstream institutional customer for high-density, hydro-cooled ASIC mining rigs like MicroBT's M6DS+ and M6DS++.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/whatsminer

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MicroBT