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...
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...
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...
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...
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...
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...