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Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for $100 Million
Following the acquisition of the Chinese mining pool Btc. com, the China-based lottery company 500. com revealed the purchase of a bitcoin mining rig manufacturer Bee Computing. The Shenzhen firm purchased the semiconductor and mining device manufacturer for roughly $100 million in a share exchange agreement. дальше »
2021-4-8 02:30 | |
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Ebang Hopes to Capture a ‘Competitive Edge’ After Developing a Next-Generation 6nm Bitcoin Mining Chip
The publicly-listed bitcoin mining rig manufacturer Ebang has announced the completion of a new 6nm ASIC mining chip. Ebang believes the next-generation mining chip will give the firm’s ASIC products a “competitive edge” in the ambitious bitcoin mining industry. дальше »
2021-3-23 17:05 | |
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Crypto Mining Hardware Manufacturer Whatsminer Plans to Launch Public Offering in the US
One of the world’s biggest bitcoin mining machine manufacturers is preparing to go public in the United States. China-based Whatsminer is reportedly looking to obtain additional funds to buy Samsung chips with the initial public offering (IPO). дальше »
2021-1-15 14:30 | |
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Marathon Purchases 10,000 Bitcoin Miners, Machines Will Max Out 100 Megawatt Montana Facility
On December 9, the Nasdaq-listed cryptocurrency mining company, Marathon Patent Group, announced the firm is purchasing 10,000 Antminer S-19j Pro units from the Chinese mining manufacturer Bitmain. дальше »
2020-12-10 02:00 | |
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Clocking Terahash: Three Next-Generation Bitcoin Mining Rigs Launched During the Last Quarter
Just recently, the China-based bitcoin mining rig manufacturer Microbt released a new ASIC device that clocks up to 112 terahash per second (TH/s). The new machine is one of the top-performing mining rigs on the market, according to today’s network difficulty and electrical rates below $0. дальше »
2020-12-8 03:30 | |
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GPU Manufacturer Nvidia Buys Chip Maker ARM for $40 Billion
California-based Nvidia is buying British computer chip designer Arm Holdings from Softbank Group Corp. in a deal worth $40 billion. Nvidia, which specializes in making hardware for video game consoles and the crypto mining sector, said in a press release that it would pay Softbank a combination of cash and shares in the transaction. дальше »
2020-9-18 10:45 | |
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Bitmain’s Wu Regains Power Over Micree Zhan As Jihan Named Legal Representative
The struggle for Bitmain’s control has taken a different turn, with Jihan Wu regaining the position of executive director and legal representative of this Chinese Bitcoin mining rig manufacturer. According to the latest update on China’s business registration record, Macree Zhan will no longer serve in the above capacities but remains a general manager in […] The post Bitmain’s Wu Regains Power Over Micree Zhan As Jihan Named Legal Representative first appeared on BitcoinExchangeGuide. дальше »
2020-9-15 18:42 | |
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Bitcoin mining rig manufacturer Canaan posted net loss, CEO cites Covid-19 and BTC halving
Canaan Inc, a leading Chinese Bitcoin mining hardware manufacturer published its unaudited second quarter (2020) financial results. As per the report, the company’s gross profit increased year over The post Bitcoin mining rig manufacturer Canaan posted net loss, CEO cites Covid-19 and BTC halving appeared first on AMBCrypto. дальше »
2020-9-1 01:11 | |
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Nasdaq-Listed Firm Marathon Buys 10,500 Next-Gen Bitcoin Miners
One of the earliest Nasdaq-listed cryptocurrency mining companies, Marathon Patent Group, announced a new agreement contract with the ASIC mining manufacturer Bitmain. According to the public company, Marathon has agreed to purchase 10,500 next-generation Antminer S-19 Pro models for $23 million. дальше »
2020-8-15 03:00 | |
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Bitcoin mining company - Bitmain's drama continues as Zhan makes his move
Bitmain, the once-dominant bitcoin mining equipment manufacturer, has been struggling with the back-and-forth between Micree Zhan and Jihan Wu. In a new development, Micree Zhan has not only announcedThe post Bitcoin mining company - Bitmain's drama continues as Zhan makes his move appeared first on AMBCrypto. дальше »
2020-7-7 15:45 | |
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Mining Company Ebang’s Stock Listed on Nasdaq Down 11%, Firm Plans to Launch Offshore Exchange
The bitcoin ASIC mining rig manufacturer, Ebang International Holdings, was recently listed on Nasdaq last Friday on June 26. Ebang is now the second mining rig manufacturer to have a U. S. initial public offering (IPO) by selling company shares. дальше »
2020-7-3 03:05 | |
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Crypto Mining GPU Manufacturer, NVidia Petitions Court to Toss Out $1 Billion Class Action
NVidia has petitioned the California court to dismiss the class action suit made by its investors. The lawsuit against the firm’s top brass alleges that they understated more than $1 Billion in revenue between 2017 and 2018 from crypto mining GPUs instead of owing it to the gaming sector. дальше »
2020-7-2 20:54 | |
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Bitcoin Mining Chip Manufacturer Ebang to List on Nasdaq This Week
On Friday, June 26, the China-based Zhejiang Ebang Communication, often referred to as Ebang, will be listed on Nasdaq, according to various reports. Ebang’s initial public offering (IPO) will be the second U. дальше »
2020-6-25 17:30 | |
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Canaan Announces Two Inferior Bitcoin Miners as Stock Plummets
Canaan is the latest Bitcoin mining manufacturer to introduce new hardware into the market as participants adjust to the original block reward paradigm. According to Chinese crypto news site 8BTC, Canaan is set to launch two new entrants for its AvalonMiner series: the 1166 and the 1146 Pro. дальше »
2020-6-4 17:38 | |
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Bitcoin Miner Manufacturer Canaan Stocks Crashing after 180-Day Lock-Up Period Expires
In the past two weeks, the price of Canaan (CAN) stocks have plunged 50%, from 5.97 on May 14th to $3. Yesterday, prices even fell below $3 briefly. The Chinese bitcoin mining firm is yet again having a rough time but unlike the 65% decline in March which was the result of massive sell-off in […] дальше »
2020-5-29 19:11 | |
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Canaan Narrows Q1 Loss to $5.6 Million Amid Weakening Demand for Mining Hardware
Bitcoin mining rig manufacturer Canaan Creative reported a net loss of $5. 6 million for the first quarter of 2020, down from $9. 5 million a year earlier. The Chinese company cut prices of its ASIC-based machines by over 50% in an effort to improve sales, but that wasn’t enough to prevent the heavy loss. дальше »
2020-5-24 06:01 | |
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Major Silicon Chip Maker for BTC Mining Machines, TSMC, to Build $12B Plant in Arizona
A Taiwan Semiconductor Manufacturing Co (TSMC) one of the largest semiconductor chip manufacturer revealed plans to open another manufacturing plant in the US state of Arizona, worth $12 billion dollars under its global expansion plans, reported South China Morning Post. дальше »
2020-5-15 18:55 | |
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Bitcoin Mining Markets Heat Up: Ebang’s $41M Deficit, Bitmain’s Alleged 2020 Revenue
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. дальше »
2020-5-10 03:01 | |
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Bitcoin Mining Manufacturer Ebang Eyes a $100 Million IPO
Bitcoin mining firms are expected to take a blow due to the global coronavirus crisis. In the case of Ebang, that may not necessarily be the case, as an IPO has been filed with the SEC. It is commendable to see Bitcoin mining firms look toward the future during these uncertain times. дальше »
2020-4-29 00:00 | |
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HTC’s EXODUS 1S Launches Monero (XMR) Mining Directly on Blockchain Smart Phone
HTC, the Taiwan based smartphone manufacturer is all set to dive deeper into the decentralized space with its Monero mining smartphones. The smartphone brand made several headlines in the past year with its blockchain-focused Exodus range of smartphones which not only had inbuilt crypto wallets, but many devices also had the capability to run a […] дальше »
2020-4-11 17:44 | |
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HTC Is Bringing Power-Efficient Monero (XMR) Mining to Smartphones
Mobile phone manufacturer HTC is ready to bring cryptocurrency mining to smartphones as according to Forbes report, published on April 10, 2020, the company’s flagship blockchain smartphone – HTC Exodus – has partnered with Midas Labs to enable Monero (XMR) mining on phones. дальше »
2020-4-11 19:00 | |
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Canaan Crypto Mining Firm Lawsuit to Get Underway Next Month
As litigation begins for crypto mining equipment manufacturer Canaan over its IPO, shareholders must decide on the lead plaintiff by May. The Crypto Class Action Lawsuit Against Canaan IPO In an official release today, leading law firm Robbins Geller Rudman & Dowd LLP announced that the decision deadline to choose the lead plaintiff in the Canaan Inc. дальше »
2020-4-8 19:00 | |
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Ethereum Mining Saved, Bitmain Updates Antminer E3 Firmware
Ethereum miners no longer need to worry about Antminer E3’s obsolescence coming next month as Bitmain has released a firmware update earlier today. Antminer E3 Was About to Become Useless at Mining Ethereum On Monday, Beijing-based mining equipment manufacturer Bitmain announced that it had updated the firmware of the Antminer E3. дальше »
2020-3-31 15:00 | |
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Microsoft Files Patent To Mine Cryptocurrencies With Verified Body Activity Data
Giant software manufacturer, Microsoft is seeking to capitalize on the new crypto hype. The firm is seeking to introduce its own cryptocurrency that will be mined using human energy replacing the costly mining process that is used today, Bitcoinist reports. дальше »
2020-3-27 20:05 | |
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Bitmain launches new Antminer S19 series, but there’s a catch
Bitmain, the world’s largest mining hardware manufacturer, has announced the launch of a new series of ASIC miners, the Antminer S19. However, Bitmain has been heavily criticized as it set the delivery date for the sold-out series for May 11, a day after the scheduled Bitcoin halvening. дальше »
2020-3-25 20:50 | |
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Bitcoin Mining Rig Manufacturer Canaan Sued – Accused of Misleading IPO Investors
Bitcoin mining rig manufacturer Canaan Inc. is being sued for allegedly breaking U. S. securities laws before its initial public offering (IPO). Phillippe Lemieux, a Canaan investor, filed a class-action lawsuit that claims the company violated the Securities Act of 1933. дальше »
2020-3-8 03:05 | |
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Bitmain Unveils 2 Bitcoin Miners With Max Speeds Up to 110TH/s Per Unit
On Thursday, the China-based mining rig manufacturer Bitmain announced the launch of two new Antminer S19 series models that process between 95 to 110 trillion hashes per second (TH/s). The Antminer S19 Pro model with 110TH/s and 29 joules per terahash (J/TH) is 24 trillion hashes per second faster than Microbt’s latest Whatsminer M30S model […] The post Bitmain Unveils 2 Bitcoin Miners With Max Speeds Up to 110TH/s Per Unit appeared first on Bitcoin News. дальше »
2020-2-28 00:25 | |
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Crypto Mining Giant Canaan Partners With Blockchain Firm Northern Data
Major mining hardware manufacturer Canaan and blockchain tech provider Northern Data AG will cooperate on blockchain and AI development
дальше »2020-2-19 12:52 | |
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Mining Giant Canaan Faces Stiff Competition After IPO Shares Slump
On November 21, the Chinese mining rig manufacturer Canaan Inc. launched its initial public offering (IPO) sale of $90 million worth of U. S. shares. Canaan shares initially sold for $8. 99, but plummeted over 48% on December 16 to $4. дальше »
2020-1-11 22:00 | |
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Bitmain’s Fall From Grace Could Spell Trouble For Bitcoin Cash
Crypto mining manufacturer Bitmain is undergoing a difficult time of late, and considering reports that they hold 1 million Bitcoin Cash, should BCH investors be extra vigilant? Bitmain’s Fall From Grace Founded in 2013 by Jihan Wu and Micree Zhan, Bitmain quickly established itself as the dominant force in the crypto mining equipment industry. Up... The post appeared first on NewsBTC. дальше »
2020-1-9 19:30 | |
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Bitmain Slashes Staff in Preparation of Next Bitcoin Halving
Bitcoin mining hardware manufacturer Bitmain is reportedly cutting half of its staff as the BTC halving approaches. The move has angered employees as Chinese New Year also nears. Reports are emerging online of protests from disgruntled employees over Bitmain’s proposed staff cut. дальше »
2020-1-9 11:47 | |
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Bitmain's troubles continue as Micree Zhan goes to court
2020 has begun, but a certain 2019 dispute has reared its ugly head yet again. The conflict between Bitmain's Co-founder Micree Zhan and the mining equipment manufacturer intensified after recent rThe post Bitmain's troubles continue as Micree Zhan goes to court appeared first on AMBCrypto. дальше »
2020-1-3 16:45 | |
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