Tagged: microbt

Bitcoin Mining Firm Riot Acquires 31,500 BTC Miners from MicroBT to Enhance Operations at Rockdale Facility

Riot Platforms, Inc. (NASDAQ: RIOT), an industry enabler of vertically integrated Bitcoin (BTC) mining, announced that it has entered into a new purchase agreement with Shenzhen MicroBT Electronics Technology Co., LTD, “through its manufacturing subsidiaries, (MicroBT) a prominent manufacturer of Bitcoin miners.” Under the Agreement,… Read More

Bitcoin Mining and Data Center Provider Riot Acquires 18 EH/s and Secures Long-Term Supply of Hash Rate from MicroBT

Riot Platforms, Inc. (NASDAQ: RIOT), an firm focused on Bitcoin (BTC) mining and data center hosting, announced that it has executed a purchase option and updated its long-term purchase agreement with MicroBT Electronics Technology Co., LTD, “through its manufacturing subsidiaries, a prominent manufacturer of Bitcoin… Read More

7 Crypto Mining Predictions for 2022

Several factors will impact cryptocurrency mining in 2022 Compute North CEO Dave Perrill predicts. Compute North provides infrastructure for companies in crypto mining, blockchain, and distributed computing. The issues that made 2021 a challenging year will persist into 2022, Perrill said. Chip shortages, shipping delays… Read More

Time to Mine: DCG Reveals Crypto Mining Subsidiary Foundry

Digital Currency Group (DCG) is moving into crypto mining. According to a release, DCG created a subsidiary called “Foundry” and 2019 and today the company is outing the mining firm with Mike Colyer, a former Core Scientific executive, being Foundry’s Chief Executive Officer. Foundry claims… Read More

Former Bitmain Hardware Designer and Founder of Rival MicroBT Accused of Embezzlement in China

Chinese authorities have arrested Yang Zuoxing, an electronics engineer who reputedly designed several of Bitmain’s most popular “Antmine” cryptomining rigs in 2016 before he left and started a rival firm called MicroBT. Since then, Coindesk reports, MicroBT, based in Shenzhen, has reportedly captured about 40% market… Read More

Send this to a friend