The arrest, noted by the Shenzhen Nanshan District Prosecutor on Dec. 12 and reported by business publication Caixin on Sunday, comes amid ongoing battles between mining giant Bitmain and MicroBT, which has been a rising competitor this year challenging Bitmain's market dominance.
For all of bitcoin’s promise of being the world’s first decentralized, peer-to-peer cryptocurrency, 65 percent of the total hash power resides in China, according to a recent report by CoinShares Research.
Bitmain's new strategy of giving put options on bitcoin to buyers of its miners amounts to a "Texas hedge" – doubling down on risk, not offsetting it.
Bitmain has retooled its strategy for selling bitcoin miners, betting big that the cryptocurrency’s price will rally with next year's halving.
The $150 million bitcoin mine could become the world's largest – surpassing Bitmain's, whose own mega mining operation is in the same Texas town.
Bitmain's co-founder Micree Zhan, who was abruptly ousted from the firm last week, said he's going to take legal action to secure his return to the firm.
A transcript of a Bitmain staff meeting reveals an ugly power struggle inside the world's biggest bitcoin miner maker that led to the abrupt ousting of co-founder Micree Ketuan Zhan.
The bitcoin mining giant is said to have confidentially filed for an IPO in the U.S.
Bitcoin mining giant Bitmain is experiencing turmoil inside its management co-founder and executive director Micree Ketuan Zhan is ousted.
Bitmain's new bitcoin mine exploits cheap electricity in Texas, the nation's biggest power market. Locals are happy for the new jobs.
Bitcoin halvings normally result in price increases. Maybe not this time.
Crypto mining giant Bitmain is launching two new models for its Antminer range, one of which is its most powerful yet.
An importer of Bitmain's bitcoin miners is under investigation for underpaying customs fees, a search warrant obtained by CoinDesk reveals.
Bitmain Technologies Ltd. is said to be relaunching its initial public offering (IPO) plans, but this time in the U.S. instead of Hong Kong.
Crypto mining giant Bitmain is locked in a legal battle with former employees who started a rival bitcoin mining pool, Poolin.