Bitmain Suspends Texas Mining Operations

Bitmain’s woes continue with layoffs and a muddled suspension that leaves behind a skeleton crew. The mining giant Bitmain has suspended operations at its mining facility in Rockdale, Texas, according to a report from Texas Public Radio. When (and if) Bitmain will resume mining activities is up in the air. Bitmain announced the Rockdale mining…

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Crypto Mining Giant Bitmain Suspends Texas Mining Operations

Chinese crypto mining giant Bitmain has reportedly suspended its mining operations in the city of Rockdale, Milam County, Texas due to the collapse of the price of bitcoin. In August 2018, the Chinese crypto mining giant started to build its $500 million data center and mining facility at a section of the former Alcoa Rockdale…

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Bitmain Pauses Texas Mining Operations, County Officials Report

According to reports from media outlet Texas Public Radio, the Chinese mining giant Bitmain Technologies has reportedly suspended operations in the town of Rockdale. Bitmain started to build up its new facility at a former aluminum smelting factory last summer, but since the crypto economy downturn, the company’s operations at the Texas factory have allegedly paused….

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Bitmain Prepares For CEO Transition As Co-Founders Step Down

Reshuffling continues at Bitmain after a harsh December saw company-wide layoffs. Jihan Wu and Micree Zhan are reportedly out as co-CEOs. In November 2018, ETHNews covered mining giant Bitmain’s restructuring after Nishant Sharma, the company’s international marketing manager, reported that co-founder and co-CEO Jihan Wu would reposition and continue on with the company as a…

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Bitcoin Cash Price Loses 20% as Bitmain Lays off Entire Team

What goes up must come down. The week started off on a good note, markets seemed to be recovering and most cryptocurrencies saw double digit gains. Unfortunately, it seems the Monday bull run is coming to an end as the market is correcting on Christmas eve, effectively erasing the gains sustained in the past 24…

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Bitmain, Roger Ver, Kraken Sued as Bitcoin Cash Nightmare Continues

Roger Ver, Bitcoin.com, Bitmain, and Kraken are all sued by UnitedCorp over an alleged complot to hijack the Bitcoin Cash network for their own personal gain. United Corp. Sues Bitcoin.com, Bitmain, Kraken If the Bitcoin Cash fork fall-out that made November one of crypto’s most volatile months on record wasn’t bad enough, the nightmare continues. Although,…

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Bitmain Sued For Allegedly Using Customers’ Devices To Mine Cryptocurrencies

Chinese crypto mining giant Bitmain has been sued for allegedly mining cryptocurrencies without the customers’ consent. The class action lawsuit was filed by Los Angeles County resident Gor Gevorkyan in the North District Court of California. The lawsuit claims that Bitmain redesigned its ASIC devices to mine cryptocurrency for the benefit of itself rather than…

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Sweden Braces For Migrant Caravan Of Norwegian Bitcoin Miners

Data center managers in Sweden are expecting a deluge of inquiries from cryptocurrency mining operations in Norway. The Norwegian authorities this week revoked energy tax subsidies for the sector, throwing the future of many companies into doubt. ‘The Dirtiest Form of Cryptographic Output’ Up until this week, mining firms in Norway qualified for the same…

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Bitmain And Ebang's Hong Kong IPO Ambitions in Question

China’s Bitmain Technologies Holding and Ebang International Holding, two of the largest bitcoin mining equipment makers in the world, are struggling to meet up with regulatory requirements in Hong Kong. According to reports, plunging Bitcoin price and regulatory headwinds could cause a delay or total abandonment of the planned floats on the Hong Kong stock…

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Jihan Wu: ‘I Have Huge Confidence in the Future of Bitcoin Cash’

CEO and co-founder of Bitmain Jihan Wu today expressed confidence in the future of Bitcoin Cash (BCH) and proof-of-work (PoW) mining. Speaking at the Nikkei/CNBC “Future of Money” event in Tokyo in his first major appearance in Japan, Wu also addressed questions over the recent BCH hard fork, the growing importance of the mining industry,…

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Bitmain No Longer Under Influence of Jihan Wu, Says Lawyer

Bitmain co-founder Jihan Wu no longer has influence over the company’s decision-making processes after an executive board reshuffle, a lawyer told local media November 12. Wu Now ‘Supervisor’ As Sanyan Blockchain reports, the mining giant altered the make-up of its board last week. Among the changes, Wu’s position went from a director to a “supervisor,”…

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How Bitmain can win the Bitcoin Cash [BCH] hash war: Bitcoin [BTC] hashrate to play a role?

Opinion: All eyes have turned to the upcoming Bitcoin Cash [BCH] hard fork, with the battle between Coingeek and Bitmain continuing to escalate. At last count, Bitcoin SV, the implementation being pushed by Craig Wright and Calvin Ayre, remains as the leader in terms of hashrate on the BCH chain, while Bitmain-powered Bitcoin ABC suspiciously…

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Ex-Bitmain Chip Designer Goes Head to Head with the Cryptocurrency Mining Giant

Yang Zuoxing, a former chip designer for Bitmain, is taking the leading manufacturer of ASIC chips head-on with his company’s own line of mining chips. Watch out for MicroBT An ex-employee of the mining equipment giant Bitmain, Yang Zuoxing, is toiling hard to give his ex-employer a tough fight. Yang claims to have developed the…

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Antminer S3 + GekkoScience Wireless Bitcoin Solo Block Mining

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Bitmain and Other Market Leaders Will Perform at the Forum Blockchain Life 2018 | BTCMANAGER

The ticket prices are rising soon, hurry up to buy the ticket at the lowest price at https://blockchain-life.com/en/ A little more than a month remains until the key event of crypto industry – global forum Blockchain Life 2018, November 7 to 8 in Saint Petersburg. The list of speakers is filled with the the leaders…

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Bitcoin Cash Follows Ripple Price Pump On Back Of Bitmain IPO News

Bitcoin Cash (BCH) staged an unlikely comeback September 27, rising almost 25 percent after news mining giant Bitmain had finally filed for an initial public offering (IPO). BCH Hits Multiweek Highs Data from Coinmarketcap shows BCH 00 beating out competition from all of the top twenty cryptocurrency assets for the 24 hours to press time,…

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Bitmain Files for Hong Kong IPO, Releases First Public Financial Statement

Bitmain has filed an IPO prospectus short on listing details but providing information on its financial performance in the first half of the year. Chinese cryptocurrency mining giant Bitmain officially filed on Wednesday a draft application for its highly-anticipated initial public offering (IPO) on the Hong Kong Stock Exchange (HKEX). In the preliminary document, the…

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Bitcoin Cash Price Registers a 20% Gain – Bitmain IPO and Gemini Hype

After experiencing a 20% gain in the past 24 hours, Bitcoin Cash price is trying to break through the $540 resistance level. Currently trading at $531, BCH is holding the current levels with relative ease. Gemini announcement As noted in our previous BCH price analysis article, one factor that could be potentially contributing to the…

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Bitmain Owned Antpool Sponsoring Houston Rockets

Bitmain is the world’s largest supplier of cryptocurrency mining equipment manufacturer. And China’s AntPool is a subsidiary to Bitmain signs a sponsorship for the US Basketball team Houston Rockets for the 2018-19 season. This announcement was made earlier this week on the Facebook page and Twitter page of AntPool. This sponsorship deal promises to invest $500…

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Bitmain Rolls Out New ASIC Chip for Crypto Mining

China’s Bitmain, which runs some of the largest crypto mining pools in the world, has unveiled a next-generation ASIC chip said to further enhance mining equipment performance. Beijing-based cryptocurrency mining equipment producer Bitmain announced the launch of a next-generation ASIC chip using the SHA256 algorithm, presenting the new solution during the World Digital Mining Summit…

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