Search
Chinese Court Freezes $676K in Assets of Bitmain Manufacturing Subsidiary
16.12.2019
The Shenzhen Bao'An District Court in China has frozen $676,000 in assets of a Bitmain subsidiary
Bitmain’s Miner Manufacturing Subsidiary Had $680k in Assets Frozen in a Contract Dispute
16.12.2019
In the latest contract dispute to hit the firm, $680,000 belonging to a fully owned subsidiary of bitcoin mining giant Bitmain has been frozen by a Chinese court
CEO of Bitmain Rival MicroBT Facing Embezzlement Wrap in China
16.12.2019
Prosecutors in Shenzhen, China, are reportedly looking to press embezzlement charges against the CEO of Bitmain rival MicroBT.
The CEO, Yang Zuoxing, is a former Bitmain employee who worked in the latter’s chip design department. Per a report from Bloomberg, quoting three anonymous sources, “[Yang]...
Ex-Bitmain Chip Designer Reportedly Arrested for Alleged Embezzlement
16.12.2019
A former leading chip designer at Bitmain has reportedly been arrested on suspicion of alleged embezzlement
Bitmain Rival MicroBT’s Founder Arrested in China for Alleged Embezzlement
16.12.2019
The arrest, noted by the Shenzhen Nanshan District Prosecutor on Dec. 12 and reported by business publication Caixin on Sunday, comes amid ongoing battles between mining giant Bitmain and MicroBT, which has been a rising competitor this year challenging Bitmain's market dominance
Darknet ICO, Bitmain Infighting, Calls for Cotten to Be Exhumed: Hodler’s Digest, Dec. 9–15
15.12.2019
In this week’s Hodler’s Digest, bitter infighting at Bitmain, Libra’s white paper quietly updated, and the $146 million ICO that’s almost certainly illegal
2019’s Bitcoin Miners Are 5x Faster Than Predecessors
13.12.2019
High-powered bitcoin miners and next-generation semiconductors go hand in hand and as process node technology grows, SHA256 hashrate follows. Coinshares’ recent bi-annual mining report highlights that newly introduced mining rigs have “as much as 5x the hashrate per unit as their...
Highest in 2 Years: 65% of Bitcoin Hash Power Is in China, Report Finds
13.12.2019
For all of bitcoin’s promise of being the world’s first decentralized, peer-to-peer cryptocurrency, 65 percent of the total hash power resides in China, according to a recent report by CoinShares Research
Bitcoin Miner Canaan’s Shares Plunge 40% Since IPO in November
13.12.2019
Bitcoin mining giant Canaan Creative’s shares have seen a 40 percent drop in value since its IPO
Bitcoin Miner Riot Blockchain Announces Additional 1,000-Rig Purchase
13.12.2019
Riot Blockchain completes upgrade to Oklahoma City mining facility with the purchase of an additional 1,000 Antminer S17-Pro machines
Mining Report Shows 65% of Bitcoin’s Hashpower Stems From China
12.12.2019
As the end of 2019 approaches, Coinshares Research has published its bi-annual mining report that contains informative research and observations about the bitcoin mining industry. Since Coinshare’s last report published in June, BTC’s hashrate grew by 50 exahash per second (EH/s)...
Ride ‘Em, Cowboy: Bitmain’s Marketing Gambit Ups Its Texas-Sized Position on Bitcoin
12.12.2019
Bitmain's new strategy of giving put options on bitcoin to buyers of its miners amounts to a "Texas hedge": doubling down on risk, not offsetting it
Bitmain Expands in South America as Its Market Share Drops to 66%
12.12.2019
The world’s top crypto mining hardware firm Bitmain expands its distribution in South America as its market share has been sliding
Study: China’s BTC Miners Control 66% of Global Hash Rate
11.12.2019
Chinese share of global hash rate hits a new record of 66% since 2017, a new study says
Wu Jihan Resurfaces As Bitmain CEO After Co-Founder Is Forced Out
10.12.2019
Tech billionaire Wu Jihan has reappeared at the helm of Beijing-based mining giant Bitmain
Bitmain Promises Big Discounts as Founder Wu Returns to Action
10.12.2019
Jihan Wu. Source: a video screenshot, Youtube, Bitcoin.com - Official Channel
Bitmain’s Wu Jihan has made his first address to clients following the conclusion of a bitter power struggle with the company’s former head – and has announced a series of measures aimed at boosting the Bitcoin (BTC)...
Bitmain Shifts Miner Sales Tactics, Betting Big on Bitcoin Halving Pump
10.12.2019
Bitmain has retooled its strategy for selling bitcoin miners, betting big that the cryptocurrency’s price will rally with next year's halving
Bitcoin Mining Operations Offer New Strategies Before Reward Reduction
10.12.2019
As the reward halving approaches, bitcoin miners are preparing new strategies so customers can reap the most profits from their hashrate services. On December 3, the mining operation Poolin introduced a hashrate auto-switch feature so clients can automatically switch between BTC and BCH mining....
Mining Chip Maker Ebang Next in Line to File for US IPO
6.12.2019
Ebang, the ASIC chip and mining rig manufacturer based in Hangzhou, China is allegedly filing for an initial public offering (IPO) in the U.S. following Canaan’s recent Nasdaq listing and Bitmain’s secret IPO filing. The world’s third-largest bitcoin mining hardware manufacturer...
Canaan Ends 1st Week on Nasdaq in Red, Bitmain Promotes Rigs Ahead IPO
29.11.2019
The second largest producer of Bitcoin mining equipment, China-based Canaan, ended its first week on the Nasdaq exchange in red, while its main rival, another Chinese giant that is reportedly working on its own initial public offering (IPO), Bitmain, confirmed its plans to introduce two new types...