Browsing the "Bitmain" Tag

Bitmain Discloses 88% Reduction In Own Bitcoin Mining Power

| Wolfie Zhao

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

Bitcoin Mining’s New Bidding War

| Wolfie Zhao

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

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

| Yogita Khatri

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.

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

| Wolfie Zhao

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

Crypto Mining Giant Bitmain’s IPO Application Has Officially Expired

| Wolfie Zhao

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

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

| Wolfie Zhao

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

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

| Yogita Khatri

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

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

| Wolfie Zhao

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

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

| Wolfie Zhao

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

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

| Wolfie Zhao

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