Bitcoin Mining ASIC Prices Surging

There could be a number of factors contributing to the rising price of bitcoin mining ASICs — the components that are central to the specialized machines used to secure the Bitcoin network in exchange for BTC rewards — including supply shortages, worldwide shipping congestion, growing demand from Chinese miners relocating outside of China and skyrocketing demand and interest in bitcoin.

Even COVID-19 has seemingly been a factor, as Whatsminer factories in Thailand and Malaysia were almost forced to close in August 2021 due to the spread of the virus.