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...
Chinese Bitcoin Miners Control Two-Thirds of Global Hashrate
Chinese Bitcoin miners have extended their share of the global hash rate. Currently, they control two-thirds of Bitcoin’s processing power, Reuters reported yesterday, citing a...
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...
Digital Gold Rush: Bitcoin Mining Boom Coming to American West
Sentiment in the crypto industry is generally bearish at the moment as bitcoin takes another turn south and threatens to drop into the $6k region again. BTC mining outfits are...
Crypto Mining To Revive Abandoned Town in California
Visionaries bought Cerro Gordo, a remote 150-year-old ghost town in California. They plan to convert the abandoned mining town into a crypto and blockchain haven. Bringing New Mining...
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...
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...
Canaan Mining May Settle for Modest $100M IPO
Canaan Mining’s IPO in New York may raise only $100 million, at least based on recent edits to the prospectus. The company will aim to list on NASDAQ and become the first Chinese...
Bitmain Power Struggle Heats Up as Co-Founder Wrestles For Control
Chinese mining giant Bitmain is in the midst of a power struggle. Co-founder Micree Zhan who was ousted last week has returned with a vengeance asserting that he will use a legal team...
Bitmain Loses Bitcoin Mining Pool Dominance Amid Internal Issues
Antpool and BTC.com have lost a bit of their old glory, significantly shrinking the share of Bitcoin block rewards on a daily and weekly basis. The BTC mining pools, headed by Bitmain...
Why Bitcoin Mining is Still a Very Lucrative Venture
Bitcoin prices are still extremely volatile and, as we saw at the weekend, experience wild swings in both directions. This trend is likely to continue until distribution evens out and...
Bitmain Texas Bitcoin Farm Combats China Mining Monopoly
Bitcoin mining giant Bitmain has unveiled a new US facility which could become the biggest mining operation in the world. The newly proposed 33,000 acre farm is a positive step in...