Liquidation

Liquidation

Liquidating mining equipment can be necessary for various reasons. Change in business direction, obsolescence, and down-sizing operations are just a few. The available options for a mining operation to liquidate are extremely limited and time-consuming. Most mining facilities are never able to liquidate old equipment without outside assistance, often with substantial losses.

One of the biggest challenges in liquidation efforts by mining staff comes down to accessible market. Most mining operations try to maintain a low profile and mining facilities may only have strong relationships with one or two other mining facilities. Those facilities may not have the overhead to take on additional equipment or may also be experiencing financial liquidity issues. When equipment becomes totally obsolete, liquidation becomes even more challenging. At this point, alternative liquidation strategies will need to be explored.

VME has a large network of vendors and clients to draw from when liquidating equipment. It is true that not all equipment can be successfully liquidated, but utilizing our network of mining facilities and startups can give a big boost to your liquidation prospects. Higher retained value and lower risk are immediate gains. In some cases, when shifting algorithm, we can even negotiate like-kind trades for equipment that will meet your needs. If you have outdated equipment, you may not be able to liquidate to another mining operation. Your miners may simply not be profitable enough. In this case, we can explore our parts and recycling market to retain maximum value.

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