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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 ...

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Leaked Negotiation Details Show the Two Founders of Bitmain May Come to A Compromise

Jun 24, 2020

On June 24, a statement issued by Antminer shows crypto miner maker Bitmain’s two founders Wu Jihan and Micree Zhan have reached an agreement after their long battle for controlling the company. The voice is solely from Wu Jihan, and there is no response from the Micree Zhan at pres...

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Chinese Bitcoin Miner Maker Begins Share Subscription, its U.S. IPO May Be Finally Realized

Jun 23, 2020

On the evening of June 20, an app for U.S. stocks showed that Chinese bitcoin miner manufacturer Ebang started a subscription for new shares from 22:00 on June 19 to 10:00 on June 24. It is reported that the scheduled timetable of Ebang’s U.S. IPO is June 26. This means that Eb...

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Leaked Documents Show Bitmain’s Jihan Wu Could Face Charges For Fraud and Embezzlement

Jun 23, 2020

The power struggle in one of the largest Bitcoin mining hardware manufacturers in the world is still ongoing but could reach a very nasty end soon, at least according to some leaked documents. Micree Zhan and Jihan Wu, the founders of Bitmain, have been embroiled in a bloody battle for contro...

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Bitmain and Canaan have lost share of Bitcoin Mining Industry, but MicroBT is winning

Jun 20, 2020

With the eyes of the world pointed at Bitcoin’s price movements, many forget that there’s an entire, multi-billion dollar industry powering the world’s largest cryptocurrency quietly operating in the shadows—ASIC manufacturing. Those in the business of producing Bitcoin mining hardwar...

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Bitcoin Miner Maker Ebang Increases IPO Fund-raising Amount, Exceeding That of Canaan

Jun 18, 2020

Ebang, or producer of Ebit miners, the leading Chinese bitcoin mining hardware manufacturer, is reportedly updated its prospectus on June 17. The updated prospectus announced its revenue in the first quarter of 2020, as well as revealing the IPO fund rises from $100 million to $125 millio...