Core Scientific receives a $53.9M boost from mining giant Bitmain
Bitmain, a globally acknowledged manufacturer of cryptocurrency mining servers, has disclosed plans to invest $53.9 million in Core Scientific. This North American juggernaut is renowned for its prowess in blockchain computing data centers and tailored software solutions. This recent investment is not just a financial gesture but a clear endorsement of the enduring partnership between […]
Core Scientific submits petition to sell over $6M in Bitmain vouchers
According to some recent court documents, on January 25 the defunct Bitcoin mining company Core Scientific filed an emergency application asking for permission to sell Bitmain vouchers with a total value of $6.6 million. As stated in the petition, there are various restrictions that have been attached to the coupons that render them worthless for […]
Bitmain hits the United States after Merkle Standard partnership
TL;DR Breakdown • Crypto-mining company in China will give 100 machines to mine Bitcoin.• The Bitmain and Merkle partnership promise to renew the operations of the U.S. company. The technology company Bitmain has just partnered with the U.S. mining company Merkle Standard. According to reports, this partnership will allow the Chinese company to increase its […]
Top crypto rig maker suspends sales in China, moves overseas
TL;DR Breakdown Bitmain goes public with the temporary suspension of mining rig sales. The company is also leaving china and looking to explore new markets overseas. China’s most prominent cryptocurrency rig maker has announced its intentions to temporarily suspend the sales of spot mining equipment globally to relieve widespread panic liquidation of rigs induced by […]
Bitcoin mining: Marathon to become US biggest miner with 2.56 Eh/s
Marathon has placed another order to increase its Bitcoin mining machines with additional 10,000 Antiminers. The company estimates that its hash rate will reach 2.56 Eh/s. The Bitcoin mining industry is gradually heating up, and there will be lots of competition in the coming years as mining companies continue to purchase next-generation miners. Recently, Marathon […]
Bitmain co-founder Jihan Wu reinstalled as legal Rep
The long-running power struggle between the two Bitmain co-founders, Jihan Wu and Micree Zhan, might finally be nearing its end. The latest update from the company has announced Jihan Wu as the legal representative of Bitmain. In addition, the shipping of orders and other operations of the company is expected to return to normalcy. Bitmain […]
Bitmain power struggle splits manufacturing operations into two
The ongoing Bitmain power struggle between the firm’s co-founders has now divided the company into two separate operations and supply chains for the production of its Antminer hardware. Bitmain, the world’s largest Bitcoin miner manufacturer has suffered from an internal power struggle last year. The conflict resulted in one co-founder being ousted from the company. […]
Ex-Bitmain co-founder halts delivery to Bitmain customers
The long-standing in-house feud between the founders of Bitmain, a Bitcoin mining hardware manufacturer, is apparently heating up again. Just after ex-Bitmain co-founder forcefully returned to the Beijing office of the company, he has also halted deliveries of Bitmain products. Zhan issues a stop order to Bitmain delivery Following the report by a Chinese news […]
Ousted Bitmain co-founder storms Beijing office to regain control
The saga between the two founders of Bitmain, which eventually resulted in the dismissal of the other, Micree Zhan, is being revived again. Zhan, who was ousted sometime last year, has aggressively returned to take back the Beijing-based office of the bitcoin ASIC chipmaker. Zhan, ousted Bitmain co-founder tries to return forcefully Following a video […]
Riot Blockchain miners reach 7,040 amid new Antminers purchase
The Nasdaq-listed digital currency mining company, Riot Blockchain, is significantly increasing it’s army of miners. Despite several acquisitions of Antminers devices already, the company has purchased additional sets of Bitcoin mining machines, just as rewards halved. Riot Blockchain miners increase with new 1,000 Antminers According to the company press release, Riot Blockchain miners have been […]
Should Canaan investors sell their shares?
Canaan CEO Nangeng Zhang is urging Canaan investors NOT to sell their shares, but is that really the right decision? Canaan, an early-stage venture capital firm, has been facing numerous problems since conducting its initial public offering (IPO). The company reported a net loss of over five million dollars in the first quarter of 2020, as […]
Bitmain’s revenue in 2020 gross over $300M despite multiple rumored issues
Cryptocurrency hardware manufacturer Bitmain’s revenue in the first four months of 2020 surpasses 300 million dollars despite various setbacks. The Chinese giant saw such high earnings despite the COVID-19 pandemic and rumors of other issues as well. Bitmain is a Chinese company offering hardware and solutions for blockchain and artificial intelligence (AI) applications. Bitmain’s revenue […]
Bitmain compensation coupons to soothe irate Antminer buyers
Bitmain compensation coupons for Antminer S17+ and T17+ models have been announced by the company for the bereaved customers. The renowned crypto ASIC (Application Specific Integrated Circuit) manufacturer was under overwhelming criticism for slashing prices immediately after the said models were launched. A lot of customers with overpriced crypto mining equipment were affected by the […]
Bitmain Antminer S19 launch post BTC halving infuriates miners
Bitmain Antminer S19 launch has once again put the spotlight on ASIC mining and its rising influence within the crypto mining realm. Bitmain is the largest crypto mining hardware manufacturer in the world, and fans eagerly await new launches to spice up their mining operations. #Antminer is proud to announce the official sales launch of […]
