Core Scientific signs deal to buy Bitcoin mining machines from mining hardware producer Bitmain, company says, as American mining interest goes up. American blockchain hosting provider Core Scientific signed a deal to buy next-generation Bitcoin (BTC) mining machines from major Chinese mining hardware producer Bitmain. Core Scientific will purchase more than 17,000 S19 Antminers from […]
Bitmain remains at the center of the crypto economy. But, in China, “mining avengers” are racing to catch up.
Binance unveiled plans for a new smart contract blockchain, which could compete with Ethereum, while MicroBT looks to beat rival Bitmain to market.
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. This will allow Ethereum […]
Antpool and BTC.com have lost a bit of their old glory, significantly shrinking the share of Bitcoin block rewards on a daily and weekly basis. The BTC mining pools, headed by Bitmain, are still among the top four miners but have ceded their leadership to F2Pool and Poolin. Bitmain Lost Bitcoin Mining Leadership in Three […]
On October 21, 2019, Chinese bitcoin mining giant Bitmain launched mining headquarters in Rockdale, Texas, in collaboration with the Rockdale Municipal Development District and Canadian blockchain firm DMG Blockchain Solutions. The Texas facility will be located on a 33,000-acre site, and Bitmain will be working to increase its power output from the current 25 MW […]
Bitmain announced two new S17 series Bitcoin miners and a delivery delay compensation program. Leading mining Application Specific Integrated Circuit (ASIC) producer Bitmain announced two new S17 miners in a press release shared with Cointelegraph. The two new mining ASICs, namely the S17e and the T17e, will both be launched on Sept. 9. The company […]
Bitcoin mining giant Bitmain has officially announced its new CEO and says it will restart the IPO listing process sometime in the future. The company endured a difficult 2018 with administrative upheavals, staff layoffs, and significant losses. Bitcoin Mining Giant Gets New CEO In the latter part of 2018, Bitmain laid off a couple of […]
China-based mining giant Bitmain has announced a new mining rig that uses less power. The hardware mining manufacturer has launched a 7nm application-specific integrated circuit (ASIC) processor dubbed the BM1397. Beyond energy efficiency, the new mining processor promises to achieve faster performance for mining cryptocurrencies that use the SHA256 algorithm for their proof of work […]
Bitmain Announces Energy-Efficient ASIC Chip for Mining Bitcoin and Bitcoin Cash Chinese mining giant and ASIC hardware producer Bitmain has announced its next generation 7nm (nanometer) ASIC mining chip, according to a press release published on Monday, Feb. 18. The new mining hardware, BM1397, is designed for mining cryptocurrencies that use the SHA256 algorithm for their proof-of-work (PoW), such as Bitcoin (BTC) and Bitcoin Cash (BCH).… […]
Inside sources say that Bitmain Technologies plans to name a replacement CEO to take over from co-founders Jihan Wu and Ketuan Zhan. New Bitmain CEO According to the South China Morning Post (SCMP), the Bitcoin mining behemoth is looking to name a new CEO to replace the company’s co-founders. Anonymous sources say, Haichao Wang, the current […]
More than a year after launching an in-house mining business, Japanese internet conglomerate GMO Internet has announced that it will no longer, develop, manufacture, or sell cryptocurrency mining equipment. In a statement, the Japanese tech firm disclosed that the decision was prompted by challenging business conditions which resulted in an “extraordinary” consolidated quarterly loss totaling […]
Months after it filed an application to go public on the Hong Kong Stock Exchange, Beijing-based cryptocurrency mining giant Bitmain is undergoing a series of business changes that extend even to its China offices, the company confirmed Tuesday. “There has been some adjustment to our staff this year as we continue to build a long-term, […]
Bitcoin mining giant Bitmain is going to sack almost half of its staffers by the end of this week, sources from the Chinese media reported. The Beijing company today laid off a team which was working on the development of Bitcoin Cash client. The news broke to the wire when Samson Mow, Blockstream Chief Strategy Officer, […]
Hong Kong Stock Exchange Calls Alleged Bitmain IPO Hesitation ‘Rumors’ A Hong Kong Stock Exchange (HKEX) spokesperson has called Bitmain’s alleged hesitation around a purported initial public offering (IPO) “rumors,” in an email to Cointelegraph Dec. 17. When asked for verification and details on the crypto mining firm’s IPO status, the spokesperson responded that “HKEX does not comment… […]
As if the drama surrounding the recent Bitcoin Cash split needed a sequel, the vaudevillian sideshow has reached a new stage: the legal arena. A suit spearheaded by United American Corporation (UnitedCorp), a telecom company with a little-known blockchain subsidiary, BlockNum, is taking legal aim at Bitmain and its cofounder Jihan Wu; Bitcoin.com and its […]
Roger Ver, Bitcoin.com, Bitmain, and Kraken are all sued by UnitedCorp over an alleged complot to hijack the Bitcoin Cash network for their own personal gain. United Corp. Sues Bitcoin.com, Bitmain, Kraken If the Bitcoin Cash fork fall-out that made November one of crypto’s most volatile months on record wasn’t bad enough, the nightmare continues. Although, […]
Fresh rumors over the financial health of Bitcoin mining giant Bitmain cast a shadow over the company again this week, suggesting it faces losses close to $1 billion. Bitmain’s Worst Quarter? Originally reported by the Twitter account known as BTCKING555 December 3, the author of which almost exclusively tweets about Bitmain, unreleased quarterly earnings data […]
In a recent turn of events, Bitmain, the world’s largest cryptocurrency mining device manufacturers, was sued in the state of California for allegedly mining without the customers’ consent. According to Crowdfund Insider, a class action lawsuit was filed by Gor Gevorkyan from Los Angeles against the mining giant Bitmain. The lawsuit claims that Bitmain’s machines start at […]
According to a class-action lawsuit filed in the US district court for Northern California, Bitmain has been taking advantage of its customers the past couple years in an interesting way: mining crypto for itself, using their resources, during the “initialization” process. You read that right. According to at least one Bitmain customer and bitcoin miner, […]
Bitmain has filed a lawsuit against an anonymous thief in a US federal court, who allegedly stoled 617 bitcoin from the crypto mining giant.
Open source browser-based cryptocurrency wallet Telescope has officially announced its acquisition by Bitmain Technologies Inc., the world’s largest crypto mining rig manufacturer, which also runs one of the world’s most extensive cryptocurrency mining pools. The move comes at an important time for Bitmain, which is increasing its involvement in the bitcoin cash space as it […]
Bitmain, the Beijing-based bitcoin mining giant, has officially filed an application, seeking to go public in the Hong Kong Stock Exchange (HKEX).