Tag: bitmain

Jun 30 2021

TeraWulf Orders 30,000 Bitmain Rigs, Eyeing Top-Ten Hash Rate Spot

Bitcoin mining company TeraWulf has ordered 30,000 Antminers from Bitmain as it seeks to increase its hash rate to top-ten levels.The world’s leading producer of bitcoin mining hardware, Bitmain, announced today a signed purchase order of 30,000 units of its latest-generation Antminer S19j...

Jun 25 2021

Bitmain Feels the Pinch of China Crackdown

Reading Time: 2 minutes Bitmain, the world’s biggest supplier of crypto mining hardware, has stopped the sale of new machines China’s crypto mining crackdown has resulted in a glut of second-hand machines into the market Bitmain will re-enter the market when the supply...

Jun 24 2021

Bitmain Suspends Sales amid China’s Crackdown on Crypto Mining

A company spokesman didn't comment if the rig maker will resume the business.

Jun 23 2021

Chinese Crackdown: Bitmain Stops Rig Sales, Exodus Ensues, Hash Rate Declines

China's bitcoin mining crackdown has led to Bitmain halting mining rig sales, exodus of miners and decline in the hash rate.Bitmain Technologies, the world's largest manufacturer of bitcoin mining rigs, is halting global spot sales of its machines to aid the secondhand market for rigs in China, according to...

Jun 07 2021

Just-In: Bitmain Slashes Price of its Top Bitcoin Mining Rig Amid Chinese Crackdown

Bitmain, the Bitcoin mining rig manufacturer has announced a price cut on its top bitcoin mining machine Antminer S19 Pro by 20% amid...

Apr 08 2021

China’s Bitcoin Mining Giant Bitmain Sues MicroBT Whatsminer for $15 Million

It's the battle of the Bitcoin miners out in the open! In a fresh development on Wednesday, April 7, Chinese Bitcoin mining giant Bitmain has filed a $15 million lawsuit against MicroBT Whatsminer with the...

Apr 07 2021

Riot Blockchain To Purchase 42,000 Antminers For $138.5 Million

North American bitcoin mining company Riot Blockchain will purchase 42,000 bitcoin mining rigs, upping its hash rate to 7.7 EH/s.Colorado-based bitcoin mining company Riot Blockchain has...

Feb 16 2021

Bitcoin Mining Farms in Texas Offline From Winter Storm

Feb 16 2021 Published at CoinDesk under tags  bitcoin mining bitmain news texas

A rare winter storm in Texas has knocked out most of the bitcoin mining facilities in the Lone Star State.

Feb 03 2021

Sino-Global Shares Soar as Shipping Firm Expands Into Bitcoin Mining

Feb 03 2021 Published at CoinDesk under tags  bitcoin mining bitmain markets news sino-global

Sino-Global announced a new COO and CTO as it plans to start mining.

Feb 01 2021

Marathon Patent Group To Receive 4,000 New Bitcoin Mining Rigs From Bitmain

Feb 01 2021 Published at Bitcoin Magazine under tags  bitmain marathon mining north america

This morning, Marathon announced that a shipment of 4,000 new Antiminer S-19 Pro Bitmain miners are en route to its mining facility in Hardin, MT. This is the first of many shipments that Marathon has scheduled for 2021 which will fulfill its order for more than 103,000 additional miners from Bitmain, according to a release sent to Bitcoin Magazine. Marathon’s...

Jan 28 2021

Bitmain Conflict Ends as Jihan Wu Steps Down

Reading Time: 2 minutes The conflict at the heart of Bitmain has been resolved after Jihan Wu left the company he co-founded Wu and co-founder Micree Zhan had been at loggerheads over who owned the company Reports suggest that Zhan has bought out Wu, who has stepped...

Jan 26 2021

Bitmain CEO Steps Down From World’s Largest Bitcoin Mining Manufacturer

Jan 26 2021 Published at Crypto Briefing under tags  bitmain people

The two co-founders of the Chinese-based mining hardware manufacturer Bitmain have reached a settlement of $600 million for a 50% share of the company. Bitmain Saga Ends Headquartered in Beijing, China, Bitmain was found by Jihan Wu and Micree Zhan in 2013. The two co-founders have been engaged in a civil battle that has threatened to rip the company apart since 2019. After...

Bitmain Co-Founder’s Exit Resolves Years-Long Power Struggle as Mining Firm Preps IPO

Jan 26 2021 Published at CoinDesk under tags  bitmain business china jihan wu micree zhan

Bitmain co-founder Jihan Wu is stepping down from his role as part of his settlement with Micree Zhan.

Jan 14 2021

Jan 04 2021

Bitcoin Mining Machine Shortage Worsens as Bitmain Sells Out Through August

Jan 04 2021 Published at CoinDesk under tags  bitcoin mining bitmain markets news

Bitmain pre-sold over 3 months of inventory in December.

Dec 28 2020

Marathon Patent Agrees to Buy 70K ASIC Miners From Bitmain for $170M

The announcement comes after a holiday weekend in which the price of bitcoin hit a succession of new all-time highs.

Dec 22 2020

Riot Purchases Additional 15,000 Mining Machines From Bitmain

Nasdaq-listed bitcoin mining firm Riot Blockchain (RIOT) announced its purchase of 15,000 additional mining ASIC machines from Bitmain, pushing the total number of machines ordered by the mining company to over 31,000 in 2020.

Riot Blockchain Spends $35 Million for New Batch of Antminers

Full deployment of the miners will expectedly increase its hash rate by 65 percent.

Dec 17 2020

US Bitcoin Mining Firm Core Scientific to Triple Capacity With Massive 59,000-Machine Order

Dec 17 2020 Published at CoinDesk under tags  bitmain business core scientific mining

U.S. blockchain and AI infrastructure provider Core Scientific has expanded its fleet of state-of-the-art crypto miners to over 77,000.

Dec 12 2020

Insider Reports Suggest Chinese Miners Are Laser Focused On Ethereum Mining

Ethereum has recently started the transition towards the Proof Of Stake (POS) with the launch of Eth2 Phase 0 and the deposit contract. It's still in motion and it won't be until planned Phase 1.5 that the current Proof Of Work (POW) will stop being functional completely. Now, naturally this should discourage miners from purchasing further equipment or expanding their operation, however surprisingly...

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