The world’s largest manufacturer of equipment for mining Bitmain has reorganized, which resulted in the Jihan Wu lost his seat in the Board of Directors. Now co-founder and shareholder of the company is no longer its Director and co-Chairman of the Board of Directors — local media claims that Wu remains as a member of… More
In addition to the difficult financial situation, Bitmain also has serious problems with hackers. Recently in the district court for the Western district of Washington there was a lawsuit in the case of an anonymous hacker who stole $ 5.5 million from the wallets mining giant. A situation occurred in April, but the official document… More
Just a few days after Bitfury has announced a new 14-nanometer chip called Bitfury Clarke, another giant mining industry – Bitmain has announced their development of a new 7-nm chip for ASIC-s. The announcement was made the General Director of the company is Jihan Wu, the world summit Digital Mining in Tbilisi. According to Wu,… More
Until recently, buy ASIC miner was not difficult. In General, the procedure was to transfer the requested amount to the account of the manufacturer and the delivery address. It’s not so simple: anyone who wants to buy a device for mining company Bitmain, are required to present their passport details. According to information received from… More
Tencent Holdings and SoftBank Group challenged their participation in the investment round prior to IPO Chinese Bitmain. News about the participation of these companies in the next round of financing first appeared in Chinese media in early August. Soon after, several publications, including CoinDesk, TechCrunch, and others picked up the news. Nevertheless, Tencent and Softbank… More
The recent hype about the IPO Bitmain attracted a lot of attention from the cryptocurrency community. Especially all puzzled by the fact that the largest mining company mining Bitcoin relies on Bitcoin Cash, not Bitcoin itself. Samson Mau, head of the security Department Blockstream, in your account in social networks, stated that Bitmain have sold… More
Bitmain formally announced the opening of a store in Rockdale, Texas, and early next year it is planned to engage in mining in the region. The firm confirmed Monday that it is investing $ 500 million over the next seven years to a new datacenter in the USA in the framework of its “strategic plan… More
Bitmain being the most expensive company in the cryptocurrency industry, ahead of a planned IPO opened a new office in Silicon valley. A magazine on business issues, “Silicon Valley” reported that the largest manufacturer of equipment for mining Bitmain, just moved from China to 20,000 square feet of office space in downtown San Jose, California,occupying… More
Chinese mining giant Bitmain has closed a series B funding, during which time the company was valued around $ 12 billion. As reported by the Chinese business magazine Caixin, citing anonymous sources familiar with the transaction, the exact amount that the company received during this round of funding is unknown, according to rough estimates it… More
Bitmain, the company, threatening the world with complete dominance in the Bitcoin blockchain, now is one of 21 manufacturers of the blocks for the EOS, the Chinese competitor to Ethereum. The growing monopoly Bitmain and centralized EOS is unlikely to soothe the fears of users. EOS is a blockchain platform that supports smart contracts, like… More