Tag: bitmain

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...

Dec 11 2020

Bitmain Launches International Version of AntSentry

The company plans to make crypto mining easier with the launch of AnSentry International.

Dec 10 2020

How Industry Financial Services Are Buoying North American Bitcoin Mining

Dec 10 2020 Published at Bitcoin Magazine under tags  bitmain bitooda dcg luxor marathon

This year, there has been a concerted effort among Bitcoin mining pools and facilities based in North America to contribute a higher proportion of the Bitcoin network’s overall hash rate from the continent, providing critical decentralization to this system. But this has not been without its challenges. The Bitcoin mining environment is one with high...

Dec 08 2020

Secondary Mining Markets Surge Amid ASIC Manufacturing Delays

Miners are “scrambling” for any available machines as manufacturers stay sold out.

Nov 10 2020

Riot Blockchain Mined 222 Bitcoins in Q3

Riot reported a current mining capacity of 556 peta hash per second.

Oct 26 2020

Bitcoin Mining Giant Marathon Orders 10,000 Bitmain Antminer S-19 Pro

Just as institutional players start raking up their BTC investments, Bitcoin mining groups start adding more mining gears. North America's public traded self-mining company Marathon Patent Group placed a...

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