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Ousted Co-Founder of Crypto Mining Firm Bitmain Opposes Layoffs
6.1.2020
Bitmain’s co-founder and biggest shareholder claims he is “firmly opposed to layoffs” at the firm after being ousted by current CEO Jihan Wu
Telegram Attacks SEC, Bitmain Chaos, BTC ‘Easily’ $50K: Hodler’s Digest, Dec. 30–Jan. 5
6.1.2020
In this first 2020 week’s Hodler’s Digest, why the European Central Bank wants its digital currency to have “unattractive interest rates,” and why millennials should thank Boomers
Ousted Bitmain CEO Makes Legal Move to Dethrone Jihan Wu
5.1.2020
In December, Micree Zhan Ketuan, the ousted co-founder of the world's largest producer of Bitcoin mining equipment, Bitmain, reportedly asked a Cayman Islands court to reverse a shareholder decision that cost him voting control of the crypto-miner.
Shareholders voted then to convert Bitmain’s Class...
Bitmain Co-Founder Initiates Legal Fight to Return to Control Over Company
3.1.2020
Forced out Bitmain co-founder Micree Zhan Ketuan has initiated a legal case to regain his position
Mining Giant Bitmain May Lay Off Another 50% of Staff Before BTC Halving
2.1.2020
Cryptocurrency mining giant Bitmain is reportedly working to reduce its workforce by another 50 percent pending the BTC halving
Bitmain and Canaan to Reveal 5nm Bitcoin Mining Chips in 2020
27.12.2019
Two of the largest bitcoin mining chip manufacturers have plans to equip their products with 5nm chips in the near future. Just recently, China-based manufacturer Bitmain purportedly produced the world’s first 5nm test-grade bitcoin mining chip and more efficient mining rigs will see mass...
Canaan's New 5-Nanometer Chips to Escalate ASIC Arms Race With Bitmain
26.12.2019
Chinese mining ASIC producer Canaan plans to roll out machines based on 5-nanometer chips in Q1 2020
Canaan’s Post-IPO Stock Plunge Reveals Sales Slump, Price War With Bitmain
17.12.2019
Cryptocurrency mining computer-maker Canaan Inc. may have picked the worst time for its initial public stock offering
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