Tag Archives: bitmain

Singapore-stationed crypto mining firm Bitdeer Technologies Holding Co. is merging with a company known as Blue Safari Group Acquisition Corp. The former enterprise is controlled by Jihan Wu – a Chinese billionaire who is responsible for bringing Bitmain to life – and will begin trading on the Nasdaq once the $4 billion acquisition is complete. Bitdeer Has Some Big Plans As one of the most influential people in the digital currency space, Wu worked as the head equipment...

Bitmain – one of the world’s largest manufacturers of bitcoin mining machines – revealed it would no longer deliver crypto mining rigs to mainland China addresses. However, the firm would continue shipping its products to overseas destinations. The Crypto Ban Reached Bitmain The Chinese crackdown on cryptocurrency mining and trading has affected Bitmain as well. The Beijing-based company announced on its WeChat account that it will halt shipping its Antminer crypto mining...

Bitcoin mining company Riot Blockchain has decided to expand its mining capacity by purchasing 42,000 S19 Antimners from Bitmain, a Hong Kong crypto-mining products manufacturer. The purchase was worth at least $138.5 million and it’s part of the company’s plans to increase its Bitcoin mining hashrate, aiming at 7.7 EH/s by mid-2021 (an increase in the target by more than 90%). Riot Blockchain Exceeding its EH/s Expectations. Bitmain will be delivering 2000 S19j Antiminers...

​Bitmain co-founder Jihan Wu officially announced his resignation in a signed statement published on Tuesday.An excerpt from Wu’s cryptographic message reads: “The disagreement between Micree and myself, the two co-founders of Bitmain, has been finally settled in an amicable and, more importantly, a constructive manner.”As part of the settlement, fellow co-founder and rival Micree Zhan bought out Wu’s ownership equity valued at $600 million.According to Wu’s statement, two-third of that sum...

China has always had the upper hand when it comes to bitcoin mining. The country hosts two of the largest distributors and builders of mining equipment in Bitmain and Canaan Creative. However, as of late there appears to be a national chip shortage, which means China may be losing its edge when it comes to extracting new crypto units.China Is Starting to Lose Its EdgeRight now, the prices of mining machines and related equipment have surged like there’s no tomorrow in China given how rare...

Riot Blockchain has announced that it has signed a $17.7 million purchase with China’s Bitmain – the largest and most dominant crypto mining firm in the world – and that it will buy more than 8,000 next generation Antminer machines to extract new coins.Riot Blockchain Is Expanding Its HorizonsAccording to the terms of the purchase, Bitmain will deliver approximately 2,000 machines per month to Riot Blockchain beginning in January of next year and ending four months later in April. Riot is a...

The operator of the South Korean cryptocurrency exchange Bithumb plans to take the company public via an initial public offering (IPO), local reports indicate. To be successful, however, Bithumb has to overcome certain challenges, including taxation issues and investment protection.Bithumb Considers Another IPOAccording to the report from today, Bithumb Korea has selected the capital market company Samsung Securities as a listed host and has started the development work necessary for an IPO....

The controversies surrounding Bitmain continue as recent reports have it that Jihan Wu has allegedly been involved in illegal activities, putting his wills and interests above the law.New Reports Spark More ControversyToward the end of last year, Jihan Wu, who had previously stepped down as the co-CEO of Bitmain, assumed control once again. Since then, controversy seems to be spiraling out of control.Jihan Wu. Source: MediumJust a couple of weeks ago, CryptoPotato reported that the exiled...

The drama surrounding one of the world’s largest Bitcoin mining equipment manufacturers, Bitmain, continues. According to recent reports, exiled co-founder Micree Ketuan Zhan used private guards to storm in the company’s Beijing offices today.Using ‘Brute Force’ To Enter Bitmain’s OfficesThe controversy around Bitmain’s leadership continues with full force. A video showing several uniformed men marching in an office building is all over crypto Twitter.According to Dovey Wan, a popular...

Bitmain officially launched sales for its Antminer T19, a new Bitcoin mining ASIC designed to produce a hash rate of 84 TH/s ± 3% and power efficiency of 37.5 J/TH ± 5%. The Antminer T19 has technology that bears similarity to the custom-built chips found in the higher end Antminer S19 and S19 Pro, albeit at a lower price point.Bitmain’s Previous Product LinesCompared with the previous Antminer T17, which consumers were able to receive partial price adjustment refunds on for those shipped...