Browsing the "Bitcoin Mining" Tag

Bankrupt Bitcoin Miner Giga Watt Forced to Cease Daily Operations

| Yogita Khatri

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

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Bitcoin Miner Maker Canaan Considering New York IPO: Report

| Yogita Khatri

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

GMO Quits Selling Mining Machines After Crypto Market Downturn

| Yogita Khatri

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

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

| Wolfie Zhao

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

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

| Wolfie Zhao

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

Intel Wins Patent for Energy-Efficient Bitcoin Mining

| Nikhilesh De

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

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

| Wolfie Zhao

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…

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Giga Watt Drastically Revises Assets in Updated Bankruptcy Filing

| Yogita Khatri

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

Bitcoin Mining Firm Giga Watt Declares Bankruptcy Owing Millions

| Yogita Khatri

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

Binance Warns Iranian Traders to Withdraw Crypto Amid Sanctions

| Leigh Cuen

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