Lens
Bitcoin News
Bitmain, one of the world’s largest Bitcoin application-specific integrated circuit (ASIC) manufacturers, has suspended employee salary payments from September, according to a Tuesday report by China-based tech news outlet Leiphone. See related article: Hamas crypto donation accounts frozen by Israel police Fast Facts See related article: CMCC Global raises US$100 mln to launch Hong Kong […]
Zoltan Vardai
Regulation
China has fined Bitmain, one of the world’s biggest producers of cryptocurrency mining rigs, nearly US$3.6 million for alleged tax violations, according to the Beijing tax authorities.
Timmy Shen
Bitcoin News
Crypto tycoon Jihan Wu’s crypto mining firm Bitdeer Technology Holdings is leading a US$250 million fund to acquire mining rigs from distressed miners amid the cryptocurrency bear market, according to Bloomberg. See related article: China mining rig maker Canaan expands despite crypto winter Fast facts See related article: Bitmain cuts mining rig price amid crypto […]
Ningwei Qin
Bitcoin News
Bitmain announced on Tuesday that it is cutting the price of one of its latest mining rig models, the S19 Pro, to US$19 per terahash (TH), which is 41% less than the price index shown on the mining rig data website Hashrate Index. See related article: US raises red flag on crypto mining, concern over […]
Ningwei Qin
Regulation
Crypto mining rig manufacturer appears to be seeking chip-making capability in the midst of supply-chain shortages.
Ningwei Qin
Bitcoin News
Crypto miners in China may be under siege and driven out of business or forced to flee to friendlier shores. But one corner of the country’s crypto mining industry — the mining machine manufacturers — does not seem to be affected much. Chinese mining rig maker Bitmain, for example, has recently secured a deal with […]
Timmy Shen
Bitcoin News
China-based Bitmain, one of the world’s biggest producers of cryptocurrency mining rigs, confirmed in a social media post a 20% price hike in the chips it buys from Taiwan Semiconductor Manufacturing Company (TSMC). Fast facts Bitmain said on Thursday in a WeChat post that TSMC had informed all clients, including the mining rig maker, that […]
Timmy Shen
Regulation
Amid global supply shortage, the move could impact clients such as mining rig maker Bitmain, which sources TSMC’s wafers for its Antminer S19 series.
Timmy Shen
Bitcoin News
HIVE Blockchain Technologies, a Vancouver-headquartered crypto mining company, is buying 1,800 machines from Chinese mining rig maker Bitmain to expand its mining operation. Fast facts HIVE said that it had ordered 1,800 Antminer S19j Pro miners from Bitmain, and the new machines are expected to bring an aggregate hash power of 180 petahash per second, […]
Timmy Shen
Bitcoin News
North America emerges as hardware demand hotspot amid Beijing’s regulatory onslaught against cryptocurrency sector.
Timmy Shen
