2019-1-10 15:11 |
Bitmain’s Co-CEOs Jihan Wu and Micree Zhan Ketuan are transitioning out of their roles, sources report
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The cryptocurrency mining manufacturer Bitmain may have a new chief executive officer in the near future according to regional reports. Bitmain’s director of product engineering, Haichao Wang, will apparently take the lead role within the corporation but no official timetable has been announced.
2019-1-10 21:00 | |
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Cryptocurrency mining giant Bitmain may be about to appoint its product engineering director as CEO.
2019-1-10 13:15 | |
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According to a report published by Finance Magnets, on December 24, 2018, Bitcoin mining behemoth Bitmain has sacked its entire Copernicus team, which was responsible for the development of the firm’s Bitcoin Cash client.
2018-12-27 20:00 | |
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The crypto-winter is affecting billion-dollar players in the cryptocurrency market. After the much-publicized layoffs at ConsenSys, SpankChain, and Steemit, mining equipment manufacturer Bitmain is reportedly cutting down 50 percent of its total workforce, alongside shutting down its entire Bitcoin Cash (BCH)-focused division.
2018-12-27 05:04 | |
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Cryptocurrency mining giant Bitmain and major crypto exchange Huobi have reportedly confirmed plans to lay-off staff amid the 2018 price rout of the crypto markets
2018-12-27 12:05 | |
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Things appear to be far from well with Bitcoin Mining firm Bitmain as several reports indicate another round of employee layoffs at the firm. This news follows reports that the company’s IPO is also dead in the water after rumors of Q3 losses running into over $700 million.
2018-12-25 00:00 | |
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Bitmain, the world’s leading ASIC manufacturer is facing major headwinds in its attempt to launch an Initial Public Offering. According to a report published by the South China Morning Post,… The post Bitcoin Mining Company Bitmain Faces IPO Regulatory Issues appeared first on CoinCentral.
2018-12-25 21:38 | |
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Hong Kong regulators think it is too “premature” to allow an IPO for Bitmain or other crypto businesses, say two anonymous sources cited by South China Morning Post
2018-12-20 20:27 | |
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Blockchain Identified as a Systemic Threat for the Global Financial Sector Per New DTCC Report Blockchain Identified as a Systemic Threat for the Global Financial Sector Per New DTCC Report Lamassu Crypto Vending Machine CEO Zach Harvey Says Its Clear, “Crypto is for Activists” Lamassu Crypto Vending Machine CEO Zach Harvey Says Its Clear, “Crypto […]
2018-12-18 22:52 | |
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The total hash rate of the Bitcoin network has fallen by 31 percent since November, representing around 1. 3 million Bitmain S9 miners that have been turned off as they struggled to stay profitable in the bear market, BitMex revealed in a report on December 10, 2018.
2018-12-12 08:00 | |
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The market crash for the prices of nearly all cryptocurrencies has been taking a major toll on everyone. From investors to developers to miners, the community is suffering, and the changing prices have had a ripple effect.
2018-12-11 00:56 | |
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Cryptocurrency mining giant Bitmain is closing down its Israel-based research and development arm, the Globes reported. According to the report, Bitmaintech Israel, the firm’s R&D center in the city of Ra’anana, is being shuttered due to the general downturn in the crypto markets.
2018-12-10 21:06 | |
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The move comes several weeks after China’s crypto mining giant opened a new US facility despite the recent decline in Bitcoin (BTC) and altcoin prices.
2018-12-10 19:15 | |
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The third-quarter financial report from Bitmain is expected to reveal a drop in revenues on lower ASIC sales but also losses on a portfolio of Bitcoin Cash (BCH). According to leaked information, the situation is far worse than anticipated.
2018-12-5 14:31 | |
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FT Says Bitmain Posted Different IPO Prospectus’ Profits Compared To Earlier Reports Bitmain, the largest cryptocurrency mining company in the market has gained attention during the last months after showing interest in receiving funds from the traditional financial market.
2018-11-15 01:45 | |
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Bitmain has denied reports that its CEO Jihan Wu was ousted as the mining firm’s board director while confirming that the board has undergone restructuring. Setting the record straight, Nishant Sharma, international marketing manager of Bitmain Technologies Limited, told Bitcoin Magazine that, instead of losing his position, Wu will continue on as a co-director of the board amidst a wider reorganization.
2018-11-15 21:26 | |
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Jihan Wu, the co-founder of Bitmain, one of the largest Bitcoin mining equipment manufacturers in the whole world, is reportedly no longer able to use executive power to decide the future of Bitmain.
2018-11-13 20:30 | |
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Bitcoin, the world’s most sought-after cryptocurrency, could be at the wish and whim of Asia’s economic giant. A recent study titled “The Looming Threat of China: An Analysis of Chinese Influence on Bitcoin,” jointly researched by Princeton University and Florida International University researchers, suggests China’s mining scene has an overwhelming influence over Bitcoin, something that could invite network manipulation.
2018-10-11 00:29 | |
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The number of blockchain-related companies in Switzerland and Liechtenstein has doubled in the last year, according to a new study published by CV VC. The Zug-based firm, in partnership with Strategy& (PwC’s global consulting arm) and inacta, compiled information about the top 50 blockchain and digital asset companies between the two countries.
2018-10-11 00:18 | |
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The latest crypto investment fund on the block is Dragonfly Ventures, a $100 million traditional venture fund investing only in crypto assets, managed by partners Alexander Pack from Bain Capital Ventures and Bo Feng, founding partner of Ceyuan Ventures.
2018-10-9 15:30 | |
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Traditional venture capitalist (VC) investments are leveraging the decline in initial coin offerings (ICO) as the cryptocurrency industry tries to find bearing amid regulatory shifts and losses across the crypto markets.
2018-10-3 19:39 | |
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This past week saw a flurry of reports and analyses released by various agencies and companies, speculating on the roles — past and present — of cryptocurrencies and blockchain technologies.
2018-9-29 20:00 | |
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Bitmain, the biggest company in bitcoin mining, has filed for its IPO in Hong Kong. As part of the approval process, the company submitted a prospectus to the Hong Kong stock exchange at the end of August 2018.
2018-9-28 23:08 | |
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On September 26th, mining firm Bitmain publicly disclosed its financial information for the first time. The move comes in anticipation of an IPO on the Hong Kong Stock Exchange. Bitmain, the Chinese giant of crypto mining, has publicly released its financial standings in a prospectus report on Wednesday.
2018-9-27 17:00 | |
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Altcoins may come and go; hacks may challenge exchanges; mainstream financial advisors might not get it — but even in the face of a protocol bug, Bitcoin perseveres and develops.
2018-9-22 19:33 | |
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It has not been a good year for cryptocurrency mining manufacturing giant Bitmain, as the company is suffering from inventory losses, a lack of new manufacturing and the dwindling crypto mining market, a Bloomberg report on 18 September 2018, revealed.
2018-9-21 17:00 | |
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If Bitmain wants to have their much-touted $18 billion IPO before the end of 2018 as announced they had better get a move on. In fact, at the rate their financial data is currently leaking, their pool of potential investors is shrinking daily.
2018-9-18 21:00 | |
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Обновление от 04. 09. 2018: Инвестиционная компания Temasek из Сингапура опровергла информацию об инвестициях в Bitmain. Ранее такие данные представил в Twitter пользователь под ником BTCKING555.
2018-9-4 15:15 | |
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After building a formidable bitcoin mining empire that at one point reportedly controlled 51 percent of bitcoin’s hashrate, Bitmain is now moving into the Ethereum mining space through its subsidiary BTC.
2018-8-31 17:00 | |
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The big three in the world of bitcoin mining equipment manufacturers are all planning to list in Hong Kong and raise billions of dollars in the process. An August 27, 2018, Reuters report examined how Bitmain, Canaan Creative, and Ebang are going about their billion dollar IPO plans.
2018-8-30 05:00 | |
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Multiple media sites have reported on suspected problems between Bitmain and the supposed lead investor in their IPO. The story goes that Temasek, an investment firm funded by the Singapore government, is threatening to pull their pre-IPO investment in Bitmain due to disclosure issues.
2018-8-29 19:05 | |
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Chinese Financial Giant Publishes Scathing Report on Bitmain IPO Fiasco; Samson Mow's Take Chinese financial publication Caijing just published an in-depth piece on the Bitmain IPO fiasco. The article mentions massive Q2 losses and pre-IPO investors jumping ship among other serious problems.
2018-8-28 22:48 | |
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Report Claims Bitmain Already Has $560 Million in Commitments for the Pre-IPO Round, But the Investor is Threatening to Pull Deal There’s big drama in the cryptocurrency community tonight as it’s being reported that Chinese mining hardware giant Bitmain has already secured $560 million in commitments for its pre-IPO round. It’s not all good news, […]
2018-8-26 20:24 | |
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Gartner, Inc. , a research and advisory firm specializing in the financial and IT industries, recently published a report that asserts blockchain has entered the “trough of disillusionment” with regards to the technology’s lifecycle of hype and adoption.
2018-8-24 12:05 | |
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Chinese crypto mining chips producer Bitmain may be losing its competitive advantage, Bernstein report suggests.
2018-8-24 08:20 | |
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The top cryptocurrency mining company might be losing its edge as demand for its products is under pressure and competition grows stronger, according to analysts. “The Competitiveness of Bitmain’s Chips is in Question” A recent report of analysts led by Mark Li at Bernstein holds that the Beijing-based mining company, which was co-founded by the 32-year-old Jihan Wu, might have to write down the actual value of its inventory.
2018-8-23 16:00 | |
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Bitmain, the China-based cryptocurrency mining behemoth, has acquired the status of a legend in the industry, with a ton of mystery surrounding its operations. The company is undoubtedly one of the most profitable cryptocurrency businesses in the world.
2018-8-22 15:55 | |
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Chinese crypto mining firm, Bitmain has revealed details regarding its pre-IPO (i. e. Initial Public Offering) as well as the involvement of several other firms. However, according to Coin Desk’s report, some of the mentioned involvement does not exist.
2018-8-21 21:29 | |
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Japanese telecom giant SoftBank has denied media reports of its involvement in a pre-IPO funding round of bitcoin mining rig manufacturer Bitmain. Last week, several media outlets had reported that SoftBank and Chinese internet giant Tencent were leading a pre-IPO funding round for Bitmain.
2018-8-21 18:03 | |
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Nvidia’s GPU Sale Substantially Declines In the Second Quarter Of 2018 Crypto mining has become less lucrative as evident from declining sales of crypto miners. Mining equipment manufacturers like Nvidia and Bitmain are watching this happen first hand as profits declines.
2018-8-17 15:33 | |
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Following a high-level proposal in July to ban the importation of all cryptocurrency mining equipment into Vietnam, the Vietnamese Customs Department has announced a total ban on all mining rig imports, according to a local news outlet.
2018-8-16 21:58 | |
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The crypto mining business has become a multi-billion dollar industry, and one company has had the lion’s share. Bitmain Technologies has dominated the mining hardware manufacturing industry, and according to a new report, the firm is now valued at over $14 billion.
2018-8-2 01:00 | |
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Bitcoin mining giant Bitmain is purportedly planning to go public on a $ 14 billion valuation. The company reportedly brought in $ 1.1 billion in net profit in the first quarter of 2018, looking at end-of-year target ranging between $ 2 and $ 3 billion. $ 14 Billion IPO According to an unconfirmed report published
2018-7-31 18:31 | |
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Bitcoin mining giant Bitmain is purportedly planning to go public on a $14 billion valuation. The company reportedly brought in $1. 1 billion in net profit in the first quarter of 2018, looking at end-of-year target ranging between $2 and $3 billion.
2018-7-31 15:00 | |
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Crypto hardware mining giant Bitmain plans an IPO overseas in a U.S. dollar denominated shares market, according to sources
2018-7-31 20:01 | |
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According to a report on the social media platform Yours. org, software developers associated with the mining giant Bitmain plan on launching a smart contract protocol for the Bitcoin Cash (BCH) network.
2018-7-17 18:30 | |
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In today’s edition of Bitcoin in Brief we cover a new mobile app from Poloniex, the addition of USD fiat at Cobinhood exchange and the expansion plans of Bitmain in Israel. We also report about a triad boss who claims to have raised $750 million in a recent ICO.
2018-7-16 11:20 | |
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Bitcoin mining giant Bitmain has just completed a round of funding which takes its value to a reported $12 billion dollars USD. The ASIC chip developer and mining pool operator was founded in 2013.
2018-7-8 19:21 | |
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Chinese bitcoin mining giant Bitmain has reportedly closed a Series B round funding, which values the firm at approximately $12 billion.
2018-7-6 09:26 | |
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President Joe Biden ordered a cryptocurrency mining facility near Warren Air Force Base in Wyoming to halt operations on Monday, calling it a threat to national security.
Massive demand for a China-listed gold ETF sent its premium soaring to 30% earlier this week.
The Chinese government has unveiled an ambitious project titled “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative,” with Conflux Network leading the charge.
A National People’s Congress member has submitted a proposal advocating for expanding blockchain infrastructure to bolster China's government services and economic sectors.
Bitcoin is trading at a premium in many of the world's currencies because of their relative weakness to the USD
Chinese investors are in panic mode as their stock markets crash. Some are turning to bitcoin’s store-of-value and exciting investment thesis.
Experts predict the global quantum computing sector will have grown from about $930 million in 2023 to $6.5 billion by 2030, but some global markets may be better poised for growth than others.