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...
Bitcoin Still Ranks Lower Than EOS And Tron, Chinese Gov’t Says
Bitcoin remains outside the top ten cryptocurrencies according to the Chinese government, which produced fresh industry rankings July 31. CCID: Bitcoin Not A Top 10 Cryptocurrency...
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’...
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...
Second Biggest Bitcoin Exchange Bithumb Seeks IPO Backdoor
South Korean cryptocurrency exchange Bithumb is looking to go public in the United States — a first for a major cryptocurrency exchange. Bithumb Seeks Backdoor IPO Bithumb, the...
Bitcoin Mining Giant Canaan Reportedly Eyeing IPO in NY
Canaan, the second biggest Bitcoin mining hardware maker, is reportedly considering an IPO in the New York after shelving its Hong Kong IPO plans in late 2018. Canaan Eyes US IPO...
Coinbase President Says Institutions With Short-Term View...
It hasn’t been the best of Christmases for the stock markets and let’s face it, Santa hasn’t exactly gone overboard when it comes to crypto. However, according to...
Bitmain IPO in ‘Death Spiral’? Rumors Of $740M Q3 Loss as...
Fresh rumors over the financial health of Bitcoin mining giant Bitmain cast a shadow over the company again this week, suggesting it faces losses close to $1 billion. Bitmain’s...
Bitmain No Longer Under Influence of Jihan Wu, Says Lawyer
Bitmain co-founder Jihan Wu no longer has influence over the company’s decision-making processes after an executive board reshuffle, a lawyer told local media November 12. Wu Now...
Bitfury Could Be The Next Bitcoin Mining Company to IPO: Report
Bitfury, one of the largest non-Chinese cryptocurrency mining companies, is reportedly eyeing an Initial Public Offering (IPO) to become the very first major public listing within the...
Trump Trade War Tariffs Compound Bitmain IPO Woes
Bitmain’s beleaguered IPO faces further challenges as the latest Trump tariffs hit mining hardware. The situation is also likely to affect planned IPOs by Canaan and Ebang...