RAKwireless Launches New Company to Bring Crypto Mining to More Individuals and Accelerate Growth of Helium’s Peer-to-Peer LoRaWAN Network

RAKwireless Technology Co., Ltd. (RAK), a pioneer in wireless end-to-end solutions and IoT technology, announces today the launch of its new company, MNTD. (pronounced as minted), a crypto-hardware company providing easy-to-use mining products to consumers.

The launch includes two new miners, one limited edition Goldspot Miner and the flagship MNTD. Miner. The company says the new Goldspot Miner will feature “VIP customer support and focus on providing an exceptional consumer experience and customer satisfaction.” The miners are for the Helium network, a decentralized peer-to-peer network seeing high growth.  

The new company and products are in response to strong demand for crypto miners. MNTD. will not accept pre-orders but instead is announcing immediate shipping of products and a live inventory tracking system for customers.

Last month, Helium secured $111 million in a token sale led by Andreessen Horowitz. The decentralized peer-to-peer 5G wireless network is built from the Internet of Things (IoT) using blockchain technology.  Called “The People’s Network,” miner hotspot Helium enthusiasts users buy the equipment and host it at home to be able to mine crypto and access the network. The product is coupled around a modern reward system built around a kind of cryptocurrency, the Helium Token (HNT). Since 2020, RAK has been a key partner to Helium in creating reliable and top-class hardware to power Helium Hotspots.

Despite a year of record chip shortages and setbacks, RAK says it has successfully supplied 60,000 units in the last few months, mining the Helium token and empowering the Helium LoFi network.

“We view the launch of the Limited Edition Goldspot Miner to be a testament to our ongoing mission in liaison with Helium; a partnership that has allowed us to build simple, secure, and scalable solutions to help build and expand The People’s Network,” says RAKwireless CEO, Ken Yu. “We unequivocally recognize the power this product has been able to provide to IoT and crypto enthusiasts across the world. With MNTD, we want to cater to the demands of the public with an introductory interest in crypto, we want consumers to look forward to having the limited edition miner, in-stock and ready-to-ship as quickly as possible.”