What is bitmain? bitmain news, bitmain meaning, bitmain definition - Blockchain.News
Search results for

bitmain

Co-Founder Jihan Wu Resigns from Crypto Mining Giant Bitmain
bitmain

Co-Founder Jihan Wu Resigns from Crypto Mining Giant Bitmain

Jihan Wu, the co-founder of Bitmain, has announced that he is stepping down as the chairman of the company in light of internal power struggles.

Bitmain Responds to Former Co-Founder Claims of Holding 36% Company Stock as Baseless
bitmain

Bitmain Responds to Former Co-Founder Claims of Holding 36% Company Stock as Baseless

Bitmain recently released an official statement in which it disputed the claims of Micree Zhan, the former CEO, over the ownership of a majority stake of the company.

Jihan Wu Regains Control Of China Bitcoin Miner Making Giant Bitmain
bitmain

Jihan Wu Regains Control Of China Bitcoin Miner Making Giant Bitmain

Jihan Wu has regained his status as legal representative and executive director of Bitmain stripping Micree Zhan of broad controlling powers.

Chinese Police Put MicroBT CEO Under Microscope Over Alleged Dispute With Bitmain
bitmain

Chinese Police Put MicroBT CEO Under Microscope Over Alleged Dispute With Bitmain

Chinese Police have just resumed its investigation of intellectual property infringement involving Yang Zuoxing, CEO of Shenzhen Bit Microelectronics Technology and Bitmain.

Bitmain Partners With Digital Currency Group's Foundry to Fuel Crypto Mining Business in North America
bitmain

Bitmain Partners With Digital Currency Group's Foundry to Fuel Crypto Mining Business in North America

Crypto mining giant Bitmain has announced that it will be partnering with crypto mining firm Foundry to extend its services to North America.

Bitmain Business Booming Despite Public Feud Between Co-Founders Jihan Wu and Micree Ketuan Zhan
bitmain

Bitmain Business Booming Despite Public Feud Between Co-Founders Jihan Wu and Micree Ketuan Zhan

Bitcoin mining giant Bitmain, continues to grow despite the public feud of its co-founders Jihan Wu and MicreeKetuan Zhan dominating the news over the last year.

Bitmain-Backed Digital Assets Company Matrixport Extends Its Crypto Services into Europe
bitmain

Bitmain-Backed Digital Assets Company Matrixport Extends Its Crypto Services into Europe

Matrixport, a Singapore headquartered and Bitmain-backed crypto company that offers trading, lending, and custody services, extends its services into Europe through the establishment of its new Zurich office.

China's Bitmain shows Bitcoin Mining remains Profitable After Posting $300 Million in Revenues
bitmain

China's Bitmain shows Bitcoin Mining remains Profitable After Posting $300 Million in Revenues

Bitmain, one of the largest mining equipment makers globally, has reported revenues of $300 million thus far in 2020. While its business has faced turmoil in recent times, the core strategy continues to reap benefits.

Bitmain Launches Cheaper Mining Machines After Bitcoin Halving and Losing Market Share to MicroBT
bitmain

Bitmain Launches Cheaper Mining Machines After Bitcoin Halving and Losing Market Share to MicroBT

Bitmain has launched a cheaper version of a Bitcoin mining machine, Antminer T19, compared to its more pricy predecessor Antminer S19. Bitmain has been losing its market share to its rival, MicroBT, which launched its M30S++ Bitcoin miner in April this year. The Antminer T19 has a hashrate/ mining power of 84 terahash per second (TH/s), and power efficiency of 37.5 joules per terahash (J/TH). The price of this new mining machine is around $1750, while the S19 costs around $1785.

Coronavirus Measures in China Delay Crypto Hardware for MicroBT and Bitmain Customers
bitmain

Coronavirus Measures in China Delay Crypto Hardware for MicroBT and Bitmain Customers

The coronavirus is causing mass disruption throughout Asia and has now been declared a ‘global health emergency’ by the World Health Organisation. The Chinese government have taken drastic isolation measures and over 40 million people are effectively on lockdown. Two major crypto hardware manufacturers have been having difficulties servicing clients from their bases in China.

Bitmain's Board Makes Decision Ousting Co-Founder Ketuan Zhan
bitmain

Bitmain's Board Makes Decision Ousting Co-Founder Ketuan Zhan

Bitmain has changed its company structure in the registration filing with government agencies. Leading to Wu becoming executive director and legal representative of the company.

Authorities Uncover Illegal Bitcoin Mining Farm In Kyrgyzstan
bitmain

Authorities Uncover Illegal Bitcoin Mining Farm In Kyrgyzstan

Federal authorities have uncovered a large illegal Bitcoin mining site in Kyrgyzstan in the territory of the Bishkek Free Economic Zone.

CleanSpark Buys 45,000 Bitmain Antminer S19 XPs for $144.9 Million
bitmain

CleanSpark Buys 45,000 Bitmain Antminer S19 XPs for $144.9 Million

CleanSpark, a crypto miner, has purchased 45,000 Bitmain Antminer S19 XPs for $144.9 million, which will nearly double its current computing power. The first batch of 25,000 rigs will be delivered in August, with the remainder arriving in September, and they will be installed at a site in Sandersville, Georgia. CleanSpark aims to have 16 EH/s of computing power by the end of the year.

Core Scientific seeks to sell $6.6 million in Bitmain coupons
bitmain

Core Scientific seeks to sell $6.6 million in Bitmain coupons

On Jan. 25, bankrupt Bitcoin mining business Core Scientific filed an emergency move to sell Bitmain coupons.

Bitmain Commits $54 Million Investment in Core Scientific, Inc. Amid New Supply Contract
bitmain

Bitmain Commits $54 Million Investment in Core Scientific, Inc. Amid New Supply Contract

Core Scientific has secured a $53.9 million investment from Bitmain, a leading manufacturer of digital currency mining servers. The deal involves a $23.1 million cash payment and an equity exchange worth $53.9 million in Core Scientific common stock. The partnership aims to boost the Bitcoin Network's efficiency and contribute to the company's self-mining hash rate.

US Authorities Uncover Chinese-linked Bitcoin Mining Operations
bitmain

US Authorities Uncover Chinese-linked Bitcoin Mining Operations

US authorities have identified a significant number of Chinese-linked Bitcoin mining operations across the United States, sparking national security concerns. Published by The New York Times on October 13, the report highlights the close proximity of some of these operations to critical military and infrastructure sites. Amidst escalating US-China political tensions, the surge in Chinese Bitcoin mining operations in the US, coupled with their substantial energy consumption, poses critical questions regarding cybersecurity, energy sustainability, and geopolitical dynamics.

Marathon Digital Buys 78,000 Antminer S19 XP Bitcoin Miners Worth Almost $900M
bitmain

Marathon Digital Buys 78,000 Antminer S19 XP Bitcoin Miners Worth Almost $900M

Marathon Digital Holdings announced that it ordered 78,000 Antminer S19 XP bitcoin mining machines worth $879.06 million from Bitmain.

CleanSpark Buys 20000 New Bitcoin Miners to Boost
bitmain

CleanSpark Buys 20000 New Bitcoin Miners to Boost

CleanSpark bought 20,000 Antminer S19j Pro+ devices for $32.3 million to increase its mining capacity.

When China Yuan Sneezes, Bitcoin Wears a Mask
bitmain

When China Yuan Sneezes, Bitcoin Wears a Mask

My thesis continues to be that larger accounts (i.e. whales who own > 1000 BTC) have started to liquidate (which I shared yesterday that this number have continued to decline for the past two weeks), and potentially chase/re-allocate into equities.

Crypto Platform Matrixport under Bitmain Co-Founder Received $100M in Series C Funding,Valued over $1B
bitmain

Crypto Platform Matrixport under Bitmain Co-Founder Received $100M in Series C Funding,Valued over $1B

The Singapore-based Digital financial service platform Matrixport led by Wu Jihan, the co-founder of the world's top Bitcoin mining machine provider giant Bitmain mining, raised $100 million in Series C financing.

June 1: Sell in May Postponed to Sell in June?
bitmain

June 1: Sell in May Postponed to Sell in June?

For the past few weeks, there have been quite a bit of talk/shill/promoting of ETH and I think largely driven by a combination of factors that I've described earlier (i.e. growing daily active addresses, more than 60 bil gas being used, $7bn in stablecoins and Greyscale's ETH demand). Other protocol tokens such as Cardano, Zilliqa and NEO also followed the ETH move, albeit less exaggerated.

May 31: Everyone Wants to be the Broker in Crypto
bitmain

May 31: Everyone Wants to be the Broker in Crypto

BTC has managed to get into my sell zone with ETH clearly leading the charts with the triangle breakout getting quite a few technical guys excited. Contrary to this spike, 20k+ ETH Dec 120 puts traded at $8.4 yesterday. So who's gonna be right?

May 26: It's Always Been There
bitmain

May 26: It's Always Been There

Strategy today? With SPX e-mini futures now just shy of 20 points from 3,000 level and the highest it's traded since the March 23 crash, I expect BTC to follow. Expectedly, this recent sell off has been mostly triggered by large players (i.e. whales) trimming their positions.

Jul 10 Trading Analysis: When bitcoin sneezes, the crypto world catches a cold
bitmain

Jul 10 Trading Analysis: When bitcoin sneezes, the crypto world catches a cold

With escalating covid19 cases in some US states (esp Florida, Texas, California and etc - it's very hard to ignore that when the cases keep rising), Oil now back to below $40, lack of any macro news tonight and some technical exhaustion signs on equity indices, I think US stocks will trade weak tonight; and I think there is a likelihood that S&P will likely close near the BIG 3k level.

Jun 03: Crypto is not for the faint-hearted
bitmain

Jun 03: Crypto is not for the faint-hearted

Welcome to the world of volatility. Crypto never sleeps. Bitcoin got whipsaw squeezing shorts to trade above $10,400 on Monday only to get smashed down to $9,300 with fresh longs capitulated (see chart below).

Jul 23 Trading Analysis: If only Robinhood has ETH listed
bitmain

Jul 23 Trading Analysis: If only Robinhood has ETH listed

Trade strategy: Buy out of the money BTC and ETH calls; BTC 10 to 10.5k calls and ETH 300 to 350 calls for the next few weeks. Let's not get ahead of ourselves; whether we actually FOMO and chase, we will have to monitor for continued "recycled capital" and hopefully fresh inflows to keep the MoMo going,,,,,

May 25: Negative Rates Eating the World (but not Crypto)
bitmain

May 25: Negative Rates Eating the World (but not Crypto)

Like Chinese ADRs in the US, it's a sea of red for crypto with Bitcoin down more than 5% in the past 48 hours as it fails to hold above 9k & 8.8k where stops got triggered. No news or catalyst but the lack of bulls to follow through was evident through the volume, and perhaps over this long weekend that the usual buyers haven't been able to pile onto their longs.

Best Before: 26 June 2020
bitmain

Best Before: 26 June 2020

What's going to be interesting is BTC options expiry as close to $1bn of open interest (or more than 100k BTC options) will set to expire today. Some have asked if we are gonna see any impact, I actually see little as most of the OI are skewed towards 10k and beyond, so I see little gamma action into the close as these calls are likely to expire worthless.

Matrixport: Jihan Wu's Spin Off Start-up Meeting Demand for Cryptocurrency Services Beyond Bitmain's Mining Ecosystem
bitmain

Matrixport: Jihan Wu's Spin Off Start-up Meeting Demand for Cryptocurrency Services Beyond Bitmain's Mining Ecosystem

Cynthia Wu is the Head of Business Development and Sales at Matrixport where she is also focused on building business for Cactus Custody and managing Matrixport’s key investor relations. In this first part of our exclusive interview, Wu shares her insights with Blockchain.News on the state of the Bitcoin mining, the surge in Bitcoin’s Hashrate and the potential impact that the coming Bitcoin halving will have on Bitcoin miners.

Matrixport Launches New Crypto Products with Fixed Income Investment and the Flexi-Term Investment Product
bitmain

Matrixport Launches New Crypto Products with Fixed Income Investment and the Flexi-Term Investment Product

SINGAPORE - On 18th May 2020, Matrixport will introduce the Fixed Income Investment Product and the Flexi-Term Investment product, where asset security is protected by a risk control mechanism by real crypto assets guaranteed by excess pledge.

Matrixport Partners with Simplex to Allow Buying Crypto Using Credit Card
bitmain

Matrixport Partners with Simplex to Allow Buying Crypto Using Credit Card

Matrixport, the Bitmain spin-off and a leading financial service provider for digital assets, today announced a partnership with the leading payment process company Simplex, enabling users to purchase cryptocurrencies using their credit cards directly and securely on Matrixport.

Thailand Sees PoW Mining Surge As China Ban Lingers On
bitmain

Thailand Sees PoW Mining Surge As China Ban Lingers On

As the popular saying goes, one man’s food is another man’s poison, the same can be said of crypto mining which is largely on the rise in Thailand amidst the persistent ban on related activities in China.

Bitcoin Miner CleanSparks Buys 10,000 Miners at Discounted Price
bitmain

Bitcoin Miner CleanSparks Buys 10,000 Miners at Discounted Price

American Nasdaq-listed cryptocurrency mining company CleanSpark has announced the purchase of new 10,000 Antminer S19j Pro units for $28 million.

Marathon Digital Shares Filing Details of its Purchased Miners and Cost
bitmain

Marathon Digital Shares Filing Details of its Purchased Miners and Cost

American Bitcoin mining firm Marathon Digital disclosed that it has ordered a total of 78,000 Antminer S19 XP from Bitmain Technologies in a bid to advance its position as a leading miner in the space.

Crypto Miners Allege Chinese Bitcoin Mining Giant Delivered "Defective" Product
bitmain

Crypto Miners Allege Chinese Bitcoin Mining Giant Delivered "Defective" Product

Ahead of Bitcoin’s much-awaited halving event on May 12, a group of miners alleged Bitmain’s latest “Antminer” deliveries were defective and led to losses for investors.

Semiconductor Design Company Bitmain Suspends Sales of Antminers in Mainland China
bitmain

Semiconductor Design Company Bitmain Suspends Sales of Antminers in Mainland China

The multinational semiconductor company Bitmain Technology Holding announced that from October 11, 2021, Bitmain's Antminer will stop shipping to mainland China in order to comply with a series of local bans on strict crackdowns on cryptocurrencies.

Bitcoin Miner Gryphon Announces the Purchase of 7.2K Antminers S19J Pro from Bitmain for $48M
bitmain

Bitcoin Miner Gryphon Announces the Purchase of 7.2K Antminers S19J Pro from Bitmain for $48M

The bitcoin mining company Gryphon Digital Mining announced that it has purchased 7,200 S19J Pro ant mining machines manufactured by bitcoin mining machine manufacturer Bitmain Technology Co., Ltd for $48 million.

Largest North American Bitcoin Self-Mining Company, Marathon Announces $250 Million Registered Direct Offering of Common Stock
bitmain

Largest North American Bitcoin Self-Mining Company, Marathon Announces $250 Million Registered Direct Offering of Common Stock

Marathon Patent Group, Inc. (Marathon) the largest enterprise Bitcoin mining company in North America announced a $250 million registered direct offering of common stock.

Ethereum Classic Receives $10m Capital Boost from AntPool
bitmain

Ethereum Classic Receives $10m Capital Boost from AntPool

Layer-1 blockchain protocol, Ethereum Classic has received a new $10 million capital boost for its ecosystem as announced by AntPool, the mining pool offshoot of Bitmain.

Matrixport's Evolved Enterprise-Grade Cactus Custody and Holistic Approach to KYT and AML Compliance
bitmain

Matrixport's Evolved Enterprise-Grade Cactus Custody and Holistic Approach to KYT and AML Compliance

Matrixport is a Singapore-based cryptocurrency startup which was launched by former Bitmain CEO Jihan Wu. Established in July 2019 with the goal to offer over-the-counter trading, lending and custody services for crypto, Matrixport boasts a systematic security model, global distributed infrastructure and business-focused security innovation capability to assure the security and reliability of users' assets.

Trending topics