Tag Archives: Miner

Bitcoin Miner Maker Canaan Drops three Administrators in Attainable Boardroom Coup

Administrators of Canaan Artistic, a publicly listed bitcoin miner producer, had been abruptly dropped from the corporate’s enterprise registry, prompting hypothesis of an influence seize. The corporate’s official Chinese business registry now lists Nangeng Zhang as the corporate’s sole director. Zhang’s title has additionally modified from chairman and basic supervisor to govt director and basic… Read More »

Venezuela navy seizes 315 ASICs from native Bitcoin miner

It’s exhausting being a Bitcoin miner in Venezuela. Regardless of low cost electrical energy, and BTC mining being technically “authorized” within the nation, run-ins with the federal government are widespread for Bitcoin miners. Earlier this week, the Venezuelan Nationwide Guard introduced the seizure of greater than 300 ASIC miners from a neighborhood entrepreneur who was… Read More »

Bitcoin Miner Hut Eight to Add 275 PH/s of Mining Capability With $8.3M Capital Increase

Hut Eight Mining Corp. has raised $8.three million from the sale of 6% of its shares to traders. The Canadian bitcoin miner initially supposed to lift $7.5 million from the sale, nevertheless it was oversubscribed. Totonto Inventory Trade-listed Hut Eight issued about 5.Eight million “items” at a worth of $1.45 every. Every unit is comprised… Read More »

US Contract Miner Core Scientific Buys 17,600 Bitcoin Miners From Bitmain

U.S. contract mining agency Core Scientific has agreed on a deal to purchase 17,600 mining rigs from Chinese language bitcoin {hardware} maker Bitmain Applied sciences Inc. The corporate is shopping for Bitmain’s next-generation bitcoin (BTC) miner, the Antminer S19, it mentioned in a statement on June 29. The miners shall be absolutely put in at… Read More »

China Crypto Miner Ebang Plans to Begin Bitcoin Trade in 2020

(Bloomberg) — Chinese language crypto mining large Ebang Worldwide Holdings Inc. is planning to launch an offshore change for digital property this yr, hoping to broaden past a sector that tends to increase and bust with Bitcoin costs. The Hangzhou-based maker of Bitcoin mining rigs may see whole income develop about 40% in 2020 after… Read More »

Shares of bitcoin miner maker Ebang slide after buying and selling begins on Nasdaq

Shares of bitcoin mining {hardware} maker Ebang started buying and selling at present on Nasdaq with an underwhelming preliminary efficiency.  As a part of the preliminary public providing (IPO), the China-based firm is offering 19.three million shares priced at $5.23. Throughout the preliminary 15 minutes of buying and selling, the inventory’s value continued to development… Read More »

Bitcoin ASIC Miner Manufacturing Domination: Bitmain and Microbt Battle for Prime Positions

On June 16, 2020, Bitmex researchers revealed a report that famous bitcoin mining rig producers have consolidated an ideal deal and sooner or later, Bitmex researchers predict that “solely 2 to three gamers will survive into the long term.” There’s nonetheless plenty of SHA256 mining rig producers immediately, and regional reviews declare that the producer… Read More »

Bitcoin SV President Hits Out at Binance as Former Critic Turns into Prime Miner

One other day, one other spat within the crypto area… The president of the Bitcoin Affiliation, the entity behind Bitcoin Satoshi Imaginative and prescient (BSV), has accused Binance of cherry selecting its relationships with the cryptocurrency venture after information got here out earlier this week that the alternate’s new mining pool was now the only… Read More »