Like the employees forced to choose sides, Bitmain customers have been caught in the middle of the power struggle at the No.1 bitcoin miner manufacturer.
Staff at bitcoin miner manufacturer Bitmain are being forced to choose between its two co-founders as a long-running feud over control of the firm worsens.
Bitmain remains at the center of the crypto economy. But in China, "mining avengers" are racing to catch up.
After Micree Ketuan Zhan, the exiled co-founder of Bitmain, moved to reinstate his position after another partial legal victory over his former employer, tensions reportedly escalated into a physical brawl.
Micree Zhan persuaded a Beijing municipal agency to stop Bitmain from changing its local legal representative – but not to give him back the title.
Bitcoin’s recent price drop has caught many investors off guard. However, a key metric showing worry among the miners gave a warning several weeks ago.
Micree Zhan, the ousted co-founder of Bitmain, has filed another lawsuit in his fight to regain control of the bitcoin mining giant – this time in China.
Matrixport began pitching investors a few weeks ago with the aim of raising $40 million.
Bitcoin miner manufacturers Bitmain and MicroBT are racing to bring top-of-the-line machines to market ahead of bitcoin's halving event.
Bitcoin miner maker MicroBT rapidly expanded market share by selling over half a million units in 2019, chipping away at rival Bitmain's dominance.
The shortage of new mining machines caused by the coronavirus outbreak could curb computing power growth from Chinese miners who contribute over 65% of Bitcoin’s hash power.
A U.S. court has dismissed UnitedCorp's market manipulation lawsuit against Bitmain, Kraken, Bitcoin.com and others without prejudice.
MicroBT and Canaan have notified customers they would be delaying ASIC deliveries due to the Chinese government's quarantine of Wuhan following the coronavirus outbreak.
Corporate documents reveal new details about the ouster of Bitmain co-founder Ketuan "Micree" Zhan.
Cryptocurrency mining computer-maker Canaan Inc. may have picked the worst time for its initial public stock offering.