Tagged: bitmain

Bitmain Announces New Crypto Mining Chip

Bitmain Technologies, a China-based consumer-grade ASIC miner, announced last week the launch of its ASIC chip BM1391 for mining cryptocurrencies using the SHA256 algorithm. According to Bitmain, the  ASIC SHA256 algorithm acceleration chip integrates more than a billion transistors and is optimized for maximum efficiency. It… Read More

Bitmain IPO – What it Means for Bitcoin

The recently announced $3 billion Bitmain IPO has left many crypto enthusiasts excited for the possibility of a legitimate publicly-traded crypto business. However, when a company creates an exit for a high margin cash flowing business, it usually indicates diminishing growth or margins.  This could… Read More

DPW Solves the Power Problem in Crypto Mining by Buying the Dam

“Diversified holding company” DPW has announced it will be reactivating a hydro dam in Valatie Falls, New York, “to serve as a fully-dedicated source of low-cost, renewable power for a new co-located cryptocurrency mining farm…” The “historic 1-megawatt Valatie Falls dam” has been retrofitted to… Read More

Howdy, Bitmain. World’s Largest Crypto Mining Company Expands Again, This Time to Texas

Bitmain, the world’s largest manufacturer of crypto mining equipment and its biggest producer of bitcoins has announced the launch of a $500-million data centre in Rockdale, Texas. The company says it will deploy the sum over 7 years and will create 400 local jobs in the… Read More

China: Cryptocurrency Mining Company Bitmain Reported to IPO at $14 Billion Valuation

Bitmain, a China based hardware and tech firm that produces some of the most popular mining servers in the cryptocurrency world, is said to be planning an initial public offering (IPO).  According to a report in Fortune, Bitmain is prepping to issue shares at a… Read More

Bitmain, Biggest Crypto Firm On Planet, Expands Again, This Time in Isreal

Cryptocurrency consortium Bitmain, the world’s most valuable crypto firm, has embarked on yet another expansion, this time in Isreal, where it plans to triple the size of the workforce at its Ra’anana development centre. Bitmain told Israel business news site Globes that it is adding… Read More

Bitcoin Mining Giant Bitmain Rents Twenty Thousand Feet of Silicon Valley Office Space

Following recent reports that it has established capacious bitcoin mining farms in Washington State and Quebec, the Beijing-based Bitcoin mining giant Bitmain is now renting offices in a Silicon Valley office tower called Riverpark Towers, CCN reports. Bitmain will occupy the last available vacancy in… Read More

Peter Thiel & Bitmain Invest in EOS Creator Block.one

Block.one, the creator of the EOSIO (EOS) blockchain protocol, announced on Monday that venture capitalist and entrepreneur Peter Thiel has invested in the company, along with other notable investors, Bitmain, Louis Bacon, and Alan Howard. According to Block.one, the investment round follows an earlier round… Read More

Circle Announces USD Coin & Bitmain Partnership

On Tuesday, Boston-based Circle announced it has formed partnerships with USD Coin and Bitmain. Founded in 2013, Circle offers four products: Circle Invest, which allows users to easily invest in crypto; Circle Pay, allows users to send money like a text; Circle Trade, the company’s OTC trading… Read More

BTC Wants to Connect $12.7 Trillion Payment Market to Bitcoin in China via Mobile App on Huawei Smartphones

BTC.com, a prominent platform for cryptocurrency users (that is affiliated with Bitmain), has announced the BTC.com mobile wallet will be the first cryptocurrency app released on Huawei’s AppGallery. The BTC wallet claims to have more than one million users, having processed USD$ 5 billion since… Read More

Mining Monero More Profitable Right After Anti-Asic Hard Fork

“Hashing power” dropped precipitously on the Monero network right after the system “hard forked” April 6th. The temporary decrease in competition for block rewards induced by the fork has been attributed to the fact that many minors had not upgraded their software in time for… Read More

Long Blockchain See Saws on Purchasing Bitcoin Mining Hardware

Long Blockchain Corporation (NASDAQ:LBCC), formerly known as Long Island Ice Tea Corp. due to its focus on beverages, has done an about face regarding its previously announced decision to purchase 1,000 Antminer S9 mining rigs and 1,000 APW3++ PSUs. In January, the company stated it had signed… Read More

Reversal: Long Blockchain Corp. Decides Not to Proceed with Public Offering of Common Stock

Long Blockchain Corp. (Nasdaq: LBCC) has decided not to proceed with its previously announced public offering of common stock. Shares in the company jumped in pre-market trading following the announcement. Long Blockchain Corp. changed its name from Long Island Iced Tea Corp. in recent weeks… Read More

Leaked Document Shows China’s Intent to Force Bitcoin Mining Halt

As we reported this past weekend, the People’s Bank of China (PBOC) is rumored to be discussing a power cut for Bitcoin miners. Now there is a document circulating on the internet that indicates China wants to shut down Bitcoin mining altogether. While the complete… Read More

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