Bitmain Loses $625 Million In Two Months, But Pins Hopes On New Tech
Bitcoin mining rig manufacturer, Bitmain, reportedly made losses of $625 million in the first two months of 2019. However, it has high hopes for a turnaround based on demand for new...
Bitmain Completes Staff Options Ahead Of US IPO, Sources Claim
Bitcoin mining giant, Bitmain, has allegedly completed the signing of employee options and will shortly undergo its initial public offering (IPO). Bitmain Revives ‘$500M’...
Weekly Digest: From Bitcoin to $10k to Facebook’s...
This week has been a rollercoaster for bitcoin and the rest of the cryptocurrency market, with new regulatory task forces, tech giant cryptocurrencies, IPOs, and YTD-highs breaking the...
Bitmain Allegedly Looking for $500 Million in Upcoming U.S Share Sale
According to Bloomberg sources, Chinese Bitcoin mining giant, Bitmain Technologies Ltd, is looking to launch an initial public offering (IPO) in the U.S, to raise $300- $500 Million...
Bitmain Losing 88% Market Share is Turning Out Great For Bitcoin...
Bitcoin mining giant Bitmain has less positive news as bitcoin price reclaims $6000 and the hash rate continues its steady climb. Its internal mining operations show a reduction of...
Chinese Company Lost $23 Million Allegedly Mining Cryptocurrency in...
A subsidiary of Chinese firm Huatie has been sold off at 10 percent of its initial value following losses from suspected secret cryptocurrency mining activities amounting to about $23...
Bitmain Says It Won’t Give Up on World’s Biggest...
Bitcoin mining giant Bitmain has officially announced its new CEO and says it will restart the IPO listing process sometime in the future. The company endured a difficult 2018 with...
Bitmain IPO Application Fails to Impress – Set to Expire Today
After six months of inactivity, the Bitmain IPO is set to expire bringing to a close another difficult chapter for the beleaguered cryptocurrency mining behemoth. Bitmain IPO: Dead on...
Top-3 Mining Rig Maker Ebang Eyes Market Turnaround in 2019
Ebang, the third largest mining equipment producer, plans to make at least 400,000 of its Ebit mining rigs in 2019. The company commands a 9.2% share of the global mining hardware...
Bitmain Unveils New 7nm ASIC Chip After Dismal 2018
Bitmain Technologies has announced a new iteration of its 7-nanometer Bitcoin mining chip. The cryptocurrency mining hardware behemoth says the new and improved 7-nm chip offers...
Bitcoin Hashrate Hits 3-Month High: Is BTC Price Next?
Bitcoin hashrate, the computing power of the network, has hit levels last seen in November 2018. Bitmain-operated hashrate, however, has hit its lowest point in the last 16 months. ...
‘We Have to Spend Money Carefully’ – Huobi Confirms...
The prolonged bear market hasn’t yet managed to throw one of the leading cryptocurrency exchanges, Huobi, in the negative. However, despite still being profitable, the company is...