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Internal Struggle In Bitmain Postpones July Miner Shipment for October

Aug 7, 2020

The power struggle in Bitmain is showing no sign of stopping. While many have anticipated that the saga will soon reach a very nasty end, few thought the internal struggle would affect the company’s growing global business operations. However, the latest information coming from the world's ...

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Heavy Floods, BTC Price, and Stiff Competition Make 2020 a Tough Year for Miners in China

Aug 5, 2020

Despite the rising difficulty and increasing competition, cryptocurrency mining has seen incredible growth in the past several years. A place where the huge growth in the mining industry was most evident was China, where entire provinces seemed to have been swallowed by huge mining farms. But, n...

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More Confusion with Canaan as Five Directors Removed Due to Contract Expiration

Aug 5, 2020

One of the largest Bitcoin mining hardware manufacturers in China, Canaan, has appointed four new members into its board of directors, according to an official statement from the company. And while new additions to an already large board of directors aren’t anything new, especially for a compa...

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Ethereum Miner in Short Supply as ETH Hits 2020 High

Jul 28, 2020

The price of Ethereum has reached a new yearly high at $325, surpassing the previous high achieved in February 2020. In addition, more information about Ethereum 2.0 is disclosed recently, and after the popularity of DeFi, GAS fees began to approach the peak in 2018. Now the popularity...

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Bitmain Struggle Heats up as the Two Battling for Control of Mining Farms and Antminers Inside

Jul 23, 2020

The drawn-out power struggle inside bitcoin mining giant Bitmain is getting nastier, as an announcement made earlier today by the Antminer sales team indicated. According to the announcement published on the WeChat account of Antminer pre-sale, about 10,000 Antminers in one of Bitmain’s...

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8btc Exclusive| Investigation of Crypto Mining Farm in China’s Sichuan, Revealing the Mining Empire with a Load of 4.6 Million kWh

Jul 16, 2020

8btc went for a field trip to China’s Sichuan province, which is home to some of the largest crypto mining operations in the world. 8btc launched a picture & text live broadcast to discover the mining empire hidden in the mountains. Sichuan is rich in rivers and waters. In the eyes of or...

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Bitcoin Miner Maker Ebang Wins 369 Million Yuan China Telecom Contracts

Jul 16, 2020

Ebang International, the newly Nasdaq listed bitcoin miner manufacturer, has recently won the bid for China Telecom’s government procurement projects involving 5G edge computing. The company was awarded 369 million yuan (roughly $53 million) worth contracts by the country’s third largest...

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Rumors of a Power Grab in Canaan Intensify as Three Directors Removed From Official Company Registry

Jul 10, 2020

Canaan, one of the top three Bitcoin mining hardware manufacturers in China, is going through a rather turbulent period. The company has been shaken to the core by an internal power struggle going on between its founders and directors and the rumors currently surrounding the ongoing event aren’...

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New CFO Aims to Double Ebang’s Revenue for 2020 By Launching an Exchange

Jul 1, 2020

One of the leading Bitcoin mining hardware manufacturers in China is looking to expand its business and nearly double its revenue this year, a Bloomberg report revealed yesterday. Ebang, the third largest ASIC producer in China after Bitmain and Canaan, has been set on taking over a bigg...

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Chinese Bitcoin Miner Maker Ebang Hits Nasdaq with Expansion Blueprint

Jun 28, 2020

On June 26, Ebang International Holdings —  bitcoin mining equipment manufacturing company was listed in the Nasdaq market with ticker NASDAQ: "EBON".                     The first day of trading of NYSE : EBON, share closed nearly 14% down from ...