Bitcoin Mining

Bitcoin Mining

Bankrupt Bitcoin Miner Giga Watt Forced to Cease Daily Operations

Bankrupt bitcoin mining firm Giga Watt has said it's shutting down operations after its power was cut and facility access was blocked.

Business  ·  16 January 2019
IPOs

Bitcoin Miner Maker Canaan Considering New York IPO: Report

China-based Canaan, the second largest manufacturer of bitcoin mining devices, is considering an IPO in the U.S., according to Bloomberg.

Business  ·  8 January 2019
Bitcoin Mining

GMO Quits Selling Mining Machines After Crypto Market Downturn

Japanese IT giant GMO Internet plans to stop making and selling crypto mining machines, only months after launching its B3 miner.

Business  ·  26 December 2018
IPOs

Miner Maker Ebang Reports ‘Significant’ Profit Drop in New IPO Filing

Crypto miner maker Ebang has refiled its draft IPO prospectus in Hong Kong, indicating a downturn in business in Q3.

Business  ·  21 December 2018
IPOs

Hong Kong Exchange ‘Hesitant’ to Approve Bitmain IPO, Says Source

The Hong Kong Stock Exchange is reluctant to approve the IPO applications of Chinese bitcoin mining equipment manufacturers, according to a person involved in the talks.

Business  ·  17 December 2018
Bitcoin

Intel Wins Patent for Energy-Efficient Bitcoin Mining

An Intel patent awarded Tuesday outlines a method for mining cryptos using the SHA-256 algorithm more efficiently.

Business  ·  30 November 2018
Bitcoin Mining

600K Bitcoin Miners Shut Down in Last 2 Weeks, F2Pool Founder Estimates

Between 600,000 and 800,000 bitcoin miners have shut down since mid-November amid declines in price and hashrate across the network, F2pool's founder estimates.

Business  ·  26 November 2018
Bitcoin Mining

Giga Watt Drastically Revises Assets in Updated Bankruptcy Filing

Bankrupt U.S.-based bitcoin mining firm Giga Watt just hiked the value of its assets in a revised court filing.

Tech  ·  23 November 2018
Bitcoin Mining

Bitcoin Mining Firm Giga Watt Declares Bankruptcy Owing Millions

U.S.-based bitcoin mining firm Giga Watt has declared bankruptcy with millions still owed to creditors.

Tech  ·  21 November 2018
Exchanges

Binance Warns Iranian Traders to Withdraw Crypto Amid Sanctions

Binance is advising its remaining users in Iran to withdraw their money as the cryptocurrency exchange seeks to comply with renewed U.S. sanctions.

Policy & regulation  ·  15 November 2018
Regulation

A Bitcoin Mining Moratorium Was Just Avoided in Montana

Officials in Missoula County, Montana, will investigate regulations around bitcoin mining despite local demands for a moratorium.

Policy & regulation  ·  1 October 2018
IPOs

Just a Cycle? Big Bitcoin Miners Stay Positive in Face of Market Slump

Executives from several bitcoin mining firms have said at Consensus Singapore that they are not concerned by current low crypto prices.

Markets  ·  20 September 2018
Bitcoin

Bitfury Reveals New Generation of Bitcoin ASIC Chips

Bitfury Group unveiled a new generation of bitcoin mining ASICs on Wednesday, boasting greater efficiencies than previous models.

Tech  ·  20 September 2018
Bitcoin Mining

Genesis Mining to End Unprofitable Crypto Contracts

Cloud mining service Genesis Mining is forcing some clients to upgrade to a five-year subscription or else lose services, it announced Thursday. 

Business  ·  16 August 2018
Bitcoin

Bitmain Confirms New Crypto Mining Facility in Texas

Bitcoin mining hardware giant Bitmain is officially setting up shop in Rockdale, Texas, and expects to launch mining operations early next year.

Tech  ·  6 August 2018