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Bitmain Cofounder Allegedly Expelled – Could Face Litigation for Operation Interference
27.5.2020
One of the largest ASIC mining manufacturers worldwide, Bitmain, has allegedly ousted cofounder Micree Zhan. Regional reports note that he’s been threatened with litigation if he interferes with company operations. According to two local announcements written in Chinese, Bitmain has warned...
Bitmain Confirms Ousting of Micree Zhan, Threatens Legal Action
27.5.2020
Bitmain issued statements saying that Micree Zhan has been ousted and threatened him and employees supporting him with legal action for not complying
China Strikes Down 10% of Global BTC Hashrate, Who Will Pick Up The Slack?
22.5.2020
Citing the increase in illicit crypto-related activities, the provincial government of Sichuan moves to stamp out 10% of the global Bitcoin hashrate
As Bitcoin Halving Dust Settles, Network Awakens to Costly New Reality
21.5.2020
Bitcoin halving has led to high transaction fees and slow block generation speeds. Is this the new reality?
Nasdaq to Reportedly Tighten IPO Rules for Chinese Firms, Crypto Potentially Affected
19.5.2020
Some Chinese companies could be left out of the world’s second-largest stock exchange as a result of proposed changes — and crypto is no exception
45 Older-Generation Bitcoin Miners Are Unprofitable After the Reward Halving
17.5.2020
On May 11, the Bitcoin network experienced its third block reward halving, which had chopped the 12.5 BTC reward to 6.25 coins following the event. It’s been close to a week later, and data stemming from mining rig profitability websites show that more than 45 older generation devices are...
Someone Was Propping Up the Bitcoin Cash Hashrate at a Loss in April
16.5.2020
Data indicates that someone was propping up Bitcoin Cash at a loss prior to the halving
Up to 30% of Bitcoin Miners Close Shop as Business Turns Unprofitable After Halving
12.5.2020
About a third of Bitcoin (BTC) mining firms may already be switching off their machines as the business becomes unprofitable due to a reduction in mining rewards. The third Bitcoin halving – consummated earlier today – reduced supply of the pioneering cryptocurrency, cutting the bonus...
Bitcoin Mining Markets Heat Up: Ebang’s $41M Deficit, Bitmain’s Alleged 2020 Revenue
10.5.2020
The Chinese ASIC mining rig manufacturer Bitmain reportedly pulled in $300 million in revenue during Q1 2020. Meanwhile, as Bitmain claims to be regaining market share, the firm Ebang recently applied with the U.S. Securities and Exchange Commission (SEC) for initial public offering (IPO) status....
US Mining Firm Plans to Nearly Double Hash Rate After Halving
10.5.2020
Riot Blockchain has announced the purchase of an additional equipment for its post-halving operations
Fake News: New Reports Allege Bitmain Street Brawl Was Overstated
9.5.2020
New information appears to show that an alleged street brawl between execs at Bitmain did not occur as reported
The CoinDesk 50: Bitmain, the Behemoth of Bitcoin Mining
9.5.2020
Bitmain remains at the center of the crypto economy. But, in China, "mining avengers" are racing to catch up
Bitmain Exec Reportedly Arrested After Street Brawl With Co-Founder
8.5.2020
Power struggle at Bitmain intensifies as the company’s executive reportedly gets arrested for partaking in a mob attack on the company’s ousted co-founder
Internal Struggle at Bitcoin Mining Giant Bitmain Escalates to Physical Confrontation
8.5.2020
After Micree Ketuan Zhan, the exiled co-founder of Bitmain, moved to reinstate his position after another partial legal victory over his former employer, tensions reportedly escalated into a physical brawl
Crypto Mining Giant Bitmain Confirms Problems With Antminer S17 Units
6.5.2020
After several customer complaints aired on social media, Chinese mining giant Bitmain confirms that some of its Antminer S17 units have issues
Bitmain Produced Bad Batch Of Units Ahead Of Bitcoin Halving, Miners Claim
5.5.2020
Bitmain’s Antminer S17+ model is said to have a failure rate of up to 30%, according to a group of disappointed customers
Bitmain Recovers, Claims Profits Despite Pandemic and Power Struggle
3.5.2020
Chinese cryptocurrency mining hardware producer Bitmain is now poised for a rebound after hitting a rough patch
Ousted Bitmain Co-Founder Wins Partial Victory in Latest Legal Battle
30.4.2020
Micree Zhan persuaded a Beijing municipal agency to stop Bitmain from changing its local legal representative -- but not to give him back the title
London Bitcoin Miner Argo Blockchain Reports 1,000% Revenue Increase to $10 Million
30.4.2020
London Stock Exchange-listed bitcoin miner Argo Blockchain Plc said on Wednesday full-year 2019 revenue rocketed 1,000% to £8.62 million ($10.78 million) from £760,000 a year earlier. The company stated that the increase was due to a realignment of operations, from consumer-oriented...
Report: Bitmain Earned Over $300 Million in 2020 Despite Rumored Problems
29.4.2020
Bitmain has already earned over $300 million this year despite rumoured economic and legal problems, new report suggests