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Category Archives: Mining

Xinyuan Technology Buys 580M Yuan Worth of Filecoin Miners

Mar 19, 2021

Xinyuan Technology Co., a computer hardware company based in Shenzhen, has just signed a huge deal with Sesumg, a Jiangxi-based electronic component manufacturer. According to a report from AI Express, Xinyuan announced that they have signed a sales contract for a “Distributed Storage ...

China’s Inner Mongolia Region Might Ban Crypto Mining

Mar 3, 2021

For years, China has been a hotspot for cryptocurrency mining. Lage mining operations have been set up in the country’s northern and central parts, looking to utilize the regions’ cheap electricity and good infrastructure. Some reports estimate that more than half of all Bitcoin’s hash power...

Bitcoin Miner Manufacturers in China See Huge Surge in Demand

Feb 25, 2021

The massive price rally the entire crypto market has seen since the beginning of the year has affected much more than just profits. According to reports from the Global Times, manufacturers of Bitcoin mining hardware have benefited hugely from increased prices. As Bitcoin’s price passed its ...

Chinese Firms Pursue Interests in Canada’s Crypto Space

Jan 21, 2021

Olusegun Ogundeji

Despite COVID-19 pandemic continues to impact logistics and the supply of miners from China, Toronto Stock Exchange-listed HIVE Blockchain says it is making delivery of 6,400 next-generation A1246 Bitcoin miners from Canaan to meet its 2021 ASIC capacity goal of 1,000 Petahash...

New Player to Join China’s Crypto Mining Space  

Jan 15, 2021

Olusegun Ogundeji

As talks of MicroBT (Whatsminer maker) planning to go public on the US Nasdaq stock exchange market persist, a Chinese holding company that provides marketing data, technology and solutions has joined the list of new players going into crypto mining. SOS Limited, formerly known as ...