Tagged: microbt

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

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