Bitfarms Plans Massive Bitcoin Mining Expansion With Purchase of 48,000 MicroBT Devices

The company expects the miners to increase its hashing capacity to 8.0 exahashes from its present 1.0 EH once all are operational.

Business  ·  2 March 2021

Gaming Company The9 Is Buying 5,000 More Bitcoin Miners

The firm announced its pivot to mining in January.

Business  ·  5 February 2021
Bitcoin Mining

Blockstream Buys $25M Worth of Bitcoin Mining Machines From MicroBT

The ASICs are set to be deployed in Blockstream facilities through the U.S. and Canada.

Markets  ·  27 January 2021
Bitcoin Mining

Hut 8 Completes $11.8M Financing for New Bitcoin Mining Machines

The new machines will add 475 PH/s to Hut 8's hash power.

Markets  ·  22 January 2021
Bitcoin Mining

Secondary Mining Markets Surge Amid ASIC Manufacturing Delays

Miners are “scrambling” for any available machines as manufacturers stay sold out.

Markets  ·  8 December 2020
Bitcoin Mining

Hive Blockchain Buys, Deploys 1,240 Bitcoin Mining Machines, Nearly Doubling Hash Power

The Vancouver firm is targeting 1,000 PH/s in the next 12 months.

Markets  ·  6 November 2020
Bitcoin Mining

Canaan Shares Dipped Only 2% in Q3 in Fourth Straight Quarterly Drop

The Nasdaq-listed mining manufacturer dropped 2% in Q3.

Markets  ·  30 September 2020
Bitcoin Mining

MicroBT Sets Up First Offshore Bitcoin Miner Factory to Expand US Market Share

The new Southeast Asian facility will mean U.S. buyers won't have to pay an additional 25% tax on miner orders.

News  ·  25 September 2020

Marathon Boosting Bitcoin Mining Game With 1,360 More Rigs Arriving in August

The publicly traded firm has bought hundreds of rigs from mining hardware rivals MicroBT and Bitmain.

News  ·  29 July 2020
Bitcoin Mining

Bitcoin Mining Hardware War Is Heating Up Ahead of the Halving

MicroBT is rolling out three top-of-the-line bitcoin miners hoping to eat further into Bitmain's market dominance at a key time for the industry.

News  ·  17 April 2020
Bitcoin Mining

World’s Top Crypto Miners Race to Roll Out Top-of-Line Machines Ahead of Bitcoin Halving

Bitcoin miner manufacturers Bitmain and MicroBT are racing to bring top-of-the-line machines to market ahead of bitcoin's halving event.

Business  ·  27 February 2020
Bitcoin Mining

Bitcoin Mining Unit Manufacturer MicroBT Nibbles at Bitmain’s Market Share

Bitcoin miner maker MicroBT rapidly expanded market share by selling over half a million units in 2019, chipping away at rival Bitmain's dominance.

Business  ·  17 February 2020

How the Long Tail of the Coronavirus Might Slow Bitcoin’s Hash Power Growth

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.

Markets  ·  5 February 2020

Coronavirus Controls in China Are Delaying Crypto Miner Deliveries, Firms Say

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.

News  ·  30 January 2020

Founder of Bitmain Rival MicroBT Arrested for Alleged Embezzlement

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.

Business  ·  16 December 2019