Mining 06/08/20 14:00 by Vincent Mislos

Bitcoin Miner Maker Bitmain Delays Shipments Amid Internal Power Struggle

Bitcoin mining firm Bitmain announced delays in the shipping of its mining rigs due to “external interference.” The company said customers expecting to receive their equipment between June and Ju...
Read More

Other 23/06/20 17:45 by Liza Mazurina

Bitmain’s Power Tussle Reaches Fever Pitch As Micree Zhan Accuses Jihan Wu Of Illicit Actions

In the light of recent events, Bitmain’s ownership may soon be confronted with a dramatic upturn. On June 22, Micree Zhan, one of the co-founders of Bitmain, the largest bitcoin mining chip produce...
Read More

Other 27/05/20 16:36 by Priyeshu Garg

A Look Into Bitmain’s Legal Action Against Ousted Co-Founder Micree Zhan 

Bitmain, one of the largest mining hardware manufacturers in the world, has issued two statements regarding Micree Zhan, the company’s ousted founder. The company confirmed that Zhan has been remove...
Read More

Mining 27/05/20 15:26 by Samuel Wan

Internal Struggle at the Biggest Bitcoin Mining Equipment Manufacturer Persists

The Board of Directors of leading Bitcoin mining firm, Bitmain today threatened ousted co-founder, Micree Zhan with legal action if he continues meddling with the company’s affairs. In what has ...
Read More

Mining 18/05/20 08:05 by Samuel Wan

Bitcoin Arms Race Kicks Off As New Chinese Mining Pool Makes a Splash

The past week or so has seen talk of a new Bitcoin mining pool, based in China, making waves within the mining industry. Out of nowhere, in what is already a highly competitive market, Lubian has popp...
Read More

Altcoins 11/01/20 15:47 by Nick James

Crypto Enthusiast Opines ‘Bitmain Has More Control Over Bitcoin Than Ripple Has Over XRP’

Over the last few years, crypto mining, especially Bitcoin mining, has been a popular line of business to industry big wigs. Organizations and mining pools have gained popularity, with a great majori...
Read More

Mining 13/12/19 12:35 by bitcoinist.com

Bitcoin Miner Manufacturer Canaan’s Shares Crash 40%

Canaan shares recently crashed by as much as 40% on Nasdaq, which was likely caused by the continuous pressure on Bitcoin price. Bitcoin miners are in a tight spot once again, as Bitcoin’s pric...
Read More

Other 12/12/19 13:03 by Osato Avan-Nomayo

Bitmain Begins Expansion into South America

Bitmain is looking to establish a significant presence as it partners with two Bitcoin mining consulting firms. Meanwhile, co-founder Jihan Wu continues to consolidate his hold on the company amid an ...
Read More

Mining 11/12/19 23:00 by Rick D.

China Continues to Dominate Global Bitcoin Mining, But for How Long?

New research shows that China’s dominance of the total Bitcoin hash rate continues to grow. The nation reportedly now accounts for around 66 percent of all the computing power supporting the Bit...
Read More

Mining 10/12/19 02:30 by Jamie Redman

Bitcoin Mining Operations Offer New Strategies Before Reward Reduction

As the reward halving approaches, bitcoin miners are preparing new strategies so customers can reap the most profits from their hashrate services. On December 3, the mining operation Poolin introduced...
Read More

Mining 06/12/19 09:00 by Jamie Redman

Mining Chip Maker Ebang Next in Line to File for US IPO

Ebang, the ASIC chip and mining rig manufacturer based in Hangzhou, China is allegedly filing for an initial public offering (IPO) in the U.S. following Canaan’s recent Nasdaq listing and Bitmai...
Read More

Mining 01/12/19 21:45 by Jamie Redman

Despite Bitcoin’s Price Drop, High-Powered Mining Rigs Still Profit

Since BTC prices slid below the $8K price range, mining operations have been making less revenue. On Sunday, December 1, only 13 mining rigs with an average electricity cost of $0.12 per kWh are profi...
Read More

Other 29/11/19 13:33 by Ali Raza

Bitmain Lawsuit Heats Up, Plaintiffs Fight Motion to Dismiss

United Corp, a Florida-based cryptocurrency company that sued Bitmain in December 2018, contested the mining giant’s motion to dismiss the case in a US court this week.  A cryptocurrency compa...
Read More

Other 28/11/19 13:15 by Ali Raza

Bitmain’s Jihan Wu Announces Two New Antminer 17 Miners

This week, Bitmain Co-Founder, Jihan Wu, announced the launch of two new Antminer 17 series miners at the World Digital Mining Summit. The World Digital Mining Summit saw quite a bit of discussion ea...
Read More