Bitmain

Bitcoin Mining

Bitmain Discloses 88% Reduction In Own Bitcoin Mining Power

Bitmain's internal bitcoin mining operations are generating 88 percent less computing power than a month ago, suggesting the industry giant has cut capacity.

Business  ·  7 May 2019
China

Bitcoin Mining’s New Bidding War

The cost of secondhand cryptocurrency mining equipment in China has nearly doubled in the last few weeks in response to bitcoin’s price jump.

Business  ·  3 May 2019
Exchanges

Liquid.com Closes Funding Round Valuing Crypto Firm at ‘Over $1 Billion’

Crypto trading platform Liquid.com has been backed by Bitmain and IDG Capital in a funding round it says makes it the latest crypto unicorn.

Business  ·  3 April 2019
Ethereum Mining

Bitmain’s Jihan Wu: ASICs Are Making Ethereum More Decentralized

The Bitmain co-founder says ASIC miners are making blockchains more decentralized and ethereum's ProgPow proposal could still be "ASICable."

Markets  ·  29 March 2019
Bitmain

Crypto Mining Giant Bitmain’s IPO Application Has Officially Expired

Bitmain’s application to go public in Hong Kong has officially lapsed, meaning there'll be no IPO anytime soon for the mining giant.

Markets  ·  26 March 2019
Bitcoin

Bitmain Set to Deploy $80 Million Worth of Bitcoin Miners, Sources Say

Bitmain, the largest manufacturer of crypto mining equipment, is scaling up its capacity to mine bitcoin itself.

Tech  ·  21 March 2019
AntMiner

Bitmain’s Latest Zcash Miner Claimed to Have Tripled Hashing Power

Bitmain has unveiled a new miner for the privacy-oriented crypto zcash, which it says, has three times more hashing power than its predecessor.

Markets  ·  19 March 2019
Lending

Ex-Bitmain Bitcoin Cash Staffers Form Startup to Lend and Trade Crypto

A startup formed by former Bitmain employees will offer crypto custody, OTC trading and lending.

Business  ·  7 March 2019
China

Bitcoin Miners Are Investing Again, Expecting a Cheap Power Boom Soon

Bitcoin miners in China are betting that abundant water this summer will make their business profitable again.

Business  ·  5 March 2019
IPOs

Mining Giant Bitmain Posts $500 Million Loss in IPO Financial Filing

Cryptocurrency mining and manufacturing giant Bitmain lost about $500 million in the third quarter of 2018, CoinDesk has learned.

Business  ·  19 February 2019
Bitcoin

Bitmain Announces New, More Efficient 7nm Bitcoin Mining Chip

Bitmain Technologies has announced a new 7nm bitcoin mining processor that it says offers a big boost in energy efficiency.

Business  ·  18 February 2019
Exchanges

Hong Kong Stock Exchange CEO Casts Doubt on Crypto Miner IPO Filings

The CEO of the Hong Kong Stock Exchange has seemingly questioned the IPO viability of crypto mining companies in new comments.

Business  ·  24 January 2019
Bitmain

Chinese Mining Giant Bitmain Is Closing Another Overseas Office

China-based crypto mining giant Bitmain has confirmed the closure of its Amsterdam office as part of ongoing business adjustments.

Markets  ·  14 January 2019
Mining

Bitmain Poised to Appoint Tech Chief as New CEO, Says Report

Cryptocurrency mining giant Bitmain may be about to appoint its product engineering director as CEO.

Business  ·  10 January 2019
China

Layoffs Underway Amid ‘Adjustments,’ Bitcoin Miner Bitmain Confirms

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, […]

Business  ·  25 December 2018