News

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...

Osato Avan-Nomayo | Apr 19, 2019 | 19:00
Bitmain Bitcoin
News

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...

Osato Avan-Nomayo | Mar 26, 2019 | 18:00
expire bitmain bitcoin ipo
News

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...

Osato Avan-Nomayo | Mar 25, 2019 | 10:00
bitcoin mining rig
Bitcoin Businesses

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...

Emilio Janus | Feb 22, 2019 | 17:00
Bitmain Bitcoin
ASIC miners

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...

Osato Avan-Nomayo | Feb 18, 2019 | 11:00
bitcoin miners mining hashrate
News

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. ...

Georgi Georgiev | Feb 08, 2019 | 09:00
caution
News

‘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...

Georgi Georgiev | Jan 22, 2019 | 08:00
Texas Bitmain
News

Bitmain Puts Its Mega Mining Facility Project in Texas on Ice

Bitmain Technologies is shelving its plans to create a mega Bitcoin mining facility in Rockdale, Texas. The news comes as the Bitcoin mining behemoth continues to downsize both the...

Osato Avan-Nomayo | Jan 11, 2019 | 15:00
Bitmain Woes
News

Bitmain Replaces CEO Jihan Wu After Bitcoin Cash Gamble Fails

Inside sources say that Bitmain Technologies plans to name a replacement CEO to take over from co-founders Jihan Wu and Ketuan Zhan. New Bitmain CEO According to the South China...

Osato Avan-Nomayo | Jan 10, 2019 | 08:00
shapeshift fox
Bitcoin Businesses

Shapeshift Admits ‘Imposition of KYC’d Accounts’...

The instant digital asset exchange platform ShapeShift has laid off one-third of its team because of the “dramatic and severe” crypto recession as well as being cautious in...

Georgi Georgiev | Jan 09, 2019 | 05:00
GMO Internet mining quit
Bitcoin

Japan’s Internet Giant GMO Quits Mining Hardware Bussiness

GMO Internet says it will no longer develop, manufacture, and sell Bitcoin mining hardware following significant losses incurred in Q4 2018. The Japanese IT company will instead focus...

Osato Avan-Nomayo | Dec 26, 2018 | 09:00
Bitmain layoffs fire
Companies

Bitmain Fires Entire Bitcoin Cash Development Team: Report

Things appear to be far from well with Bitcoin Mining firm Bitmain as several reports indicate another round of employee layoffs at the firm. This news follows reports that the...

Osato Avan-Nomayo | Dec 24, 2018 | 16:00

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