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Canada’s DMG Blockchain Installs 1,000 New Bitcoin Mining Rigs for US Client
9.1.2020
DMG Blockchain Solutions has set up 1,000 new Bitcoin mining rigs at its British Columbia facility for an unnamed U.S. client
3,000 New S17 Pro Antminers Start Operation at Riot's Oklahoma Crypto Mine
8.1.2020
Riot Blockchain is in the process of incorporating 3,000 S17 Pro Antminers from Bitmain to Oklahoma facility
Japanese Firms SBI and GMO Join the Digital Gold Rush in Texas
8.1.2020
The city of Rockdale, Texas is attracting attention again, similar to the interest the region saw back in the fifties when the Alcoa aluminum smelting facility set up shop. These days, Rockdale’s change is due to the influx of bitcoin miners coming to town from all around the world....
Bitmain Responds to Layoff Rumors From Ousted Co-Founder Zahn
7.1.2020
Ousted Bitmain co-founder Micree Zahn took to Weibo on Monday to speak out against a reported Bitmain “personnel optimization plan” which could purportedly see around 500 Bitmain workers dismissed by January 17. Chinese media broke the story last week citing inside sources at...
Chipmaking Giant Samsung Reveals 3nm Semiconductor Prototype
6.1.2020
In mid-December, Intel revealed that the company expects to design 2nm and 1.4 nm semiconductors by 2029. During the same timeframe, regional sources reported Canaan and Bitmain will reveal new mining rigs this year equipped with TSMC-based 5nm chips. Now, competition is growing stronger as Samsung...
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...