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Bitcoin Mining Rigs Struggle for Profits, Despite BTC’s Hashrate Reaching an All-Time High
16.10.2020
Bitcoin’s hashrate climbed to an all-time high (ATH) this week touching 166 exahash per second (EH/s) on October 14. Meanwhile, despite the recent price rise and hashrate ATH on Wednesday, only a small group of next-generation mining rigs are profiting at current bitcoin exchange rates....
Riot Buys 2,500 More Bitmain Miners In Latest Fleet Expansion
7.10.2020
The publicly traded miner aims to quadruple its current hash rate by mid-2021
Canaan Shares Dipped Only 2% in Q3 in Fourth-Straight Quarterly Drop
30.9.2020
The Nasdaq-listed mining manufacturer dropped 2% in Q3
Chinese Mining Rig Manufacturer Microbt Announces Offshore ASIC Factory
27.9.2020
On Friday, China-based bitcoin mining rig manufacturer Microbt announced plans to create an offshore facility that produces the company’s Whatsminer devices and parts for North America. The firm revealed the expansion news when it announced a recent partnership with the New York-based Foundry...
Venezuela Passes Law Legalizing Crypto Mining, Forces Miners to Join National Mining Pool
24.9.2020
Reports say Venezuela has now legalized bitcoin mining following the decree recently issued by the National Superintendency of Crypto Assets and Related Activities (Sunacrip). As part of the new regulations, all entities and individuals interested in legally mining bitcoin and other...
This crypto mining operator was named Bitmain’s sole North American cooperative repair center
17.9.2020
North America now has its own Bitmain repair center
Blockchain Bites: MicroStrategy’s BTC Buy, Bitmain’s Power Struggle, Paxful’s Goodbye
15.9.2020
MicroStrategy has bought even more bitcoin, Paxful is pulling out of Venezuela and the Bitmain power struggle appears to have found a short-term solution
Jihan Wu Regains Upper Hand in Bitmain Co-Founder Fight
15.9.2020
In a new twist of Bitmain's ongoing power fight, co-founder Wu Jihan has regained the legal representative status of the bitcoin mining giant
Bitcoin News Roundup for Sept. 10, 2020
10.9.2020
With bitcoin lawsuits in the news and SushiSwap's migration completed, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
DCG's Foundry to finance Bitmain customers in North America
10.9.2020
The new partnership targets Bitmain's end customers
Blockchain Bites: Bitmain Denied, Coinbase Blocked and a Potential EOS Exit Scam
9.9.2020
Arca is acting like an activist investor in its dealings with Gnosis while Venezuelan officials appear to have blocked access to Coinbase
Court Denies Bitmain $30M in Damages From Co-Founders of Rival Poolin
9.9.2020
A court in China has denied an appeal by bitcoin mining giant Bitmain seeking $30 million in damages from the three co-founders of mining pool rival Poolin
Bitmain, Ebang Among 21 Bitcoin Mining Farms Stripped of Energy Perks in Inner Mongolia
28.8.2020
Affected mining centers in the area may see a notable increase in electricity costs
Riot Blockchain buys 5,100 S19 Pro Antminers, aims for 1.66% of hashrate
27.8.2020
Riot Blockchain has purchased a further 5,100 Antminer S19 Pros, with the firm targeting an operational hashrate of 2 exahashes per second by June 2021
Riot Blockchain Buys 8,000 of Bitmain’s Latest Bitcoin Miners, Company Targets 1.5 EH/s by 2021
25.8.2020
Bitmain Technologies Inc. said Monday that Nasdaq-listed Riot Blockchain is buying 8,000 of its Antminer S19 Pro bitcoin miners in a deal worth $17.7 million. In a blog post, the Chinese crypto mining hardware maker stated that the machines will be delivered in batches of 2,000 over four straight...
Bitmain inks $18M Bitcoin mining rig sale with Riot Blockchain
25.8.2020
The giant continues to give a boost to its prime product despite recent shipments issues
China’s Bitcoin Mining Industry Impacted the Most This Year, Says Report
20.8.2020
The researchers and analysts from Tokeninsight published it’s “2020 Q2 Cryptocurrency Mining Industry Report” which shows the industry has grown exponentially during the last six months. The findings indicate cryptocurrency mining has expanded a great deal but China’s...
Bitmain Retains Only a ‘Minuscule Lead’ Over Competitor Microbt Amid Ongoing Power Tussle, Says Report
19.8.2020
Bitcoin mining hardware maker Bitmain still has a “minuscule lead” over competitor Microbt despite the former’s ongoing power struggle and supply chain issues, according to Bitmex. Researchers at the derivatives exchange tested flagship products from the two companies...
Riot Blockchain Supercharges Mining Ops With 8,000 More Bitmain Rigs as Bitcoin Price Soars
19.8.2020
Company executives say Riot Blockchain is on track to become cash flow positive later this year
Nasdaq-Listed Firm Marathon Buys 10,500 Next-Gen Bitcoin Miners for $23M
15.8.2020
One of the earliest Nasdaq-listed cryptocurrency mining companies, Marathon Patent Group, announced a new agreement contract with the ASIC mining manufacturer Bitmain. According to the public company, Marathon has agreed to purchase 10,500 next-generation Antminer S-19 Pro models for $23 million....