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“# Bitmain stops shipment of Antminer crypto mining rigs into China ” Bitmain, a Chinese manufacturer of cryptocurrency mining equipment, has been forced to stop its business in China from Oct. 11 following the crypto ban imposed by local authorities. In addition to China’s blanket ban on crypto operations, the company has attributed the move…
“# Georgia on my mine: Bitmain brings 56K Bitcoin miners to the state ” Chinese mining hardware giant Bitmain will be bringing 56,000 of its latest Antminers to the southeastern U.S. state of Georgia. The influx of mining rigs is part of a three-way deal between Nevada-based tech firm ISW Holdings, crypto mining datacenter Bit5ive,…
“# Marathon buys 30,000 more Bitcoin miners, targets 13.3 EH/s hashing power ” Marathon Digital has announced the purchase of additional Bitcoin mining hardware from Bitmain. According to a release issued on Monday, the United States-based Bitcoin (BTC) mining giant has completed a purchase deal for 30,000 Antminer S19j Pro at a reported cost of…
“# Former Bitmain CEO Jihan Wu raises fresh capital for new crypto unicorn ” Jihan Wu became a prominent name in crypto after co-founding Bitmain Technologies in 2013 and taking it public by 2018. His latest venture, Matrixport, raised new capital to stand at a unicorn-level of $1 billion in valuation. With the participation of large venture…
“# Bitcoin mining ban an easy decision for China, says Bitmain EMEA partner ” Two weeks after a 15% increase in electricity prices in Turkey, a new store selling professional mining equipment has opened its doors in Istanbul —the business hub of the country— on July 13. Opening a mining equipment shop in a country…
“# Former Bitmain CEO Jihan Wu: Regulatory crackdown may be good for crypto ” Jihan Wu, crypto billionaire and the co-founder and ex-CEO of Bitcoin (BTC) mining giant Bitmain, believes that the current wave of regulatory interventions in the crypto industry may be “a good thing in the long term.” Speaking to CNBC during the…
“# US-based Bitcoin miner Gryphon buys 7,200 rigs from Bitmain ” Gryphon Digital Mining has signed a purchase agreement with Bitcoin (BTC) mining equipment maker Bitmain to purchase 7,200 Antminer S19J Pro mining rigs. According to a release issued on Thursday, the entire outlay for the mining inventory amounts to about $48 million. Starting in…
“# Bitmain ceases Bitcoin miner sales to aid second-hand sellers following China ban ” Bitmain, the cryptocurrency infrastructure company behind the Antminer brand, will temporarily halt the sale of mining machines to help secondary sellers offload their supplies following China’s wholesale ban on Bitcoin (BTC) mining. The suspension of new Antminer sales will begin immediately,…
“# Bitmain reportedly suspends Bitcoin miner orders amid booming secondhand supply ” Chinese mining giant Bitmain is reportedly scrambling to respond to market conditions amid a major crackdown on the crypto mining activity by local authorities. According to a Wednesday report by Chinese news agency Sina Finance, Bitmain has halted global spot sales for its…
“# Estonian IT company inks $26M crypto mining deal with Bitmain ” Estonian technology conglomerate Burfa is turning to Bitmain to supply key cryptocurrency mining infrastructure to its Narva-based data center, offering a glimpse into the arms race underway for high-performance computing resources. The $26 million agreement will allow Burfa to double its data-center capacity…