Spondoolies ASIC Miner

Spondoolies is an innovative company that has made a significant impact in the field of cryptocurrency mining. Founded in 2017 and headquartered in Nes-Tziona, Israel, Spondoolies quickly established itself as a prominent player in the information technology sector, particularly focusing on cryptocurrency mining gear. Their mission is to enable the flourishing of cryptocurrencies and to transform the mining industry into a professional operation, where high-quality, reliable, and durable equipment is the norm.

The company is well-known for its powerful solutions in cryptocurrency mining, providing both consumers and companies the ability to compete effectively in this field. Spondoolies’ vision is centered around fostering a new ecosystem for financial transactions globally, with a strong belief in the future of cryptocurrencies.

Notably, Spondoolies has been recognized for its development of the SP Bitcoin Miner Family, which includes commercial-grade models like the SP10, SP30, and SP35 Yukon professional rack-mount models, as well as the consumer-oriented SP20 Jackson. These products have been considered industry benchmarks, known for their performance and reliability.

In 2021, Spondoolies was acquired by Blockstream, a leader in Bitcoin and digital asset infrastructure. This acquisition marked a significant step for both companies, as it combined Spondoolies’ expertise in mining hardware with Blockstream’s extensive experience in blockchain technology and cryptocurrency infrastructure. The collaboration aimed to navigate the challenges of supply chains and market fluctuations in the cryptocurrency mining industry. Moreover, the acquisition was structured as an IP acquisition, with Spondoolies’ CEO Assaf Gilboa joining Blockstream to head their ASIC division.

At its peak, Spondoolies achieved remarkable success, capturing almost 5% of the total hash power globally and generating $28 million in sales. Their products, known for their high performance and efficiency, have set a high standard in the industry. The merger with Blockstream is expected to bolster both companies’ positions in the rapidly evolving cryptocurrency mining landscape, enabling them to offer even more advanced and reliable solutions in this domain​​​.

Device NameHashing powerPower UsageMining algorithmSupported CoinsCurrent earnings(without electricity cost)
SPx360.54 TH/s4400WX11DASH Dash 8.39 USD/day
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