Mining

A Russian company has decided to turn an aluminum plant into a crypto mining facility. The facility plans to take on China’s supremacy in bitcoin mining. If bitcoin manages to trade around $9,160, the Russian company estimates profits of up to $99 million per month. The cryptocurrency industry is having an exciting month as governments and private entities make announcements that contribute to the growth of the field. First, it was reported that billionaire Peter Thiel along with...

Blockchain business begins to boom in China. Bitcoin runs off the back of blockchain adoption, creating a vast grey area in the country. Provinces all over China start to heed President Xi’s call to action. Thanks to a reinvigorated stance on blockchain from China’s Premier, Xi Jinping, China may be on the brink of an entirely new crypto craze. Xi Pumps Blockchain Last week Xi shocked the cryptocurrency world by throwing the insurmountable force of China behind bitcoin’s underlying tech....

Canaan Creative – the second-largest developer and distributor of bitcoin mining equipment – has filed for a public listing on the Nasdaq. The company is hosting a $400 million initial public offering (IPO) to potentially pay off debts and fund both blockchain artificial intelligence (AI) research.Canaan Creative Is Rushing to the GoalCanaan is among the largest companies developing bitcoin miners, and is second only to Bitmain, which like Canaan, is stationed in China. As it stands, both...

Das Bitcoin-Mining-Unternehmen Canaan aus China will an die US-Börse. Das Unternehmen hat am 28. Oktober einen entsprechenden Antrag bei der US-Börsenaufsicht eingereicht. Am 28. Oktober reichte Canaan einen Antrag bei der US-Börsenaufsicht ein. Der Bitcoin Mining Gigant aus China plant einen Börsengang in den USA. Canaan als erstes BTC-Mining-Unternehmen an der US-Börse...

Even though there’s currently no official word from the company, it has been reported that China’s Bitmain Technologies – one of the largest crypto mining manufactures in the world – has secretly made an official application with the United States Securities and Exchange Commission (SEC), to float an initial public offering (IPO). The move is also said to be fully backed by a German multinational financial services company, Deutsche Bank.Because it is supposedly a secret filing, there aren’t...

Russia has always had great ambitions, and now this vast country is planning to embrace a significant part of the Bitcoin (BTC) mining industry. To deeper penetrate into this activity, Russian Mining Company (RMC) owned by Russian entrepreneur Dmitry Marinichev is planning to build a new facility in the northern province of Karelia.According to the local news outlet RBC, the equipment for mining will be stationed on the Nadvoitsy Aluminium Smelter, a metalworking plant that is not used since...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 739. Heute geht’s um folgende Themen: Chinas Regierung erfasst Parteitreue über Blockchain, Jihan Wu übernimmt die Kontrolle über Bitmain & Russland will grosse Bitcoin Mining Farm aufbauen. 1.) Chinas Regierung erfasst Parteitreue über Blockchainhttps://www.btc-echo.de/ueberwachung-chinas-regierung-erfasst-parteitreue-ueber-blockchain/ 2.) Bitmain Turmoil: Co-Founder and Executive Director Micree Zhan...

It sounds like China is really warming up to bitcoin and cryptocurrencies as of late.China: Mixing Things Up Even MoreThe latest price hike for BTC has ultimately come about largely because Chinese president Xi Jinping commented that blockchain technology could bring his country’s infrastructure to new heights. Thus, he’s planning to push blockchain innovation very hard in the future.But prior to these words, it’s known that China hasn’t always been friendly to crypto. For one thing, the...

One of the biggest bitcoin miner manufacturers, the Avalon Bitcoin miner Canaan Creative, publicly filed for a U.S. Initial Public Offering (IPO) on Monday, with big names as underwriters. Credit Suisse, Galaxy Digital, Citigroup, China Renaissance, CMBI, Huatai Securities and Tiger brokers are obliged to pay for and accept delivery of the ADSs offered by this prospectus.The second-largest manufacturer of ASIC mining hardware after Bitmain, Canaan plans to list its shares on Nasdaq under the...

In what sounds like the makings of the plot of a telenovela series, top crypto billionaire and founder of cryptocurrency mining giant Bitmain Micree  Ketuan Zhan has been forced out of his own company where he holds about 60% control. CEO and fellow co-founder Jihan Wu has terminated all the day-to-day working positions and responsibilities that Micree Zhan had and held within the organization down to the deletion of his e-mail and denial of access to Bitmain’s premises.Bitmain, meanwhile,...