Mustek, an assembler and distributor of information technology (IT) products, says it is struggling to keep up with demand for cryptocurrency mining equipment in SA.

The company said on Thursday that it had seen a “phenomenal rise” in graphics processing unit (GPU) sales.

This is due to “intense interest in cryptocurrency mining by the public – supply is unable to meet demand”.

Cryptocurrency mining refers to the process whereby transactions are added to the public ledger, as well as the method by which new bitcoins, ethereum and other digital coins are released onto the market.

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