Bitmain Lost 600 Million in Q2, Incredibly Risky for Its IPO Investors

Aug 14, 2018

Bitmian, the world’s dominant cryptocurrency mining chip producer, is filling for an initial public offering (IPO) potentially at $18 billion on this September with a market capitalization of $40 to $50 billion. If all goes well, it will be the largest IPO in the world, as thus, people are...

Bitmain Looking to Launch IPO at Mining Summit?

Aug 14, 2018

Following its announcement few days ago of plans to offer its initial public offering (IPO), Bitmain has also disclosed it will be hosting the World Digital Mining Summit next month in Tbilisi, Georgia. The proposed event seems like a ramp-up of awareness effort geared towards the compan...

Bitmian Offers Dual-function Router for DASH and SC Mining

Aug 10, 2018

August 6, Bitmain, the world’s undisputed leader in cryptocurrency mining hardware manufacturing just announced on its Twitter that the firm is launching new devices with dual-function of WiFi Router and Crypto Miner. According to Bitmain’s official Twitter account for Antminer, thi...

Avalon Release 30T 7nm Bitcoin Miner and Two Mining Household Appliances

Aug 9, 2018

August 8, Hangzhou – Canaan (Avalon), the world’s second-biggest maker of bitcoin mining hardware, released four new breaking products – AvalonMiner A9 for bitcoin mining, AvalonMiner L for litecoin mining, bitcoin mining TV and heater at its press conference. AvalonMiner A...

China’s Tencent and Japan’s Softbank Back $15 Billion Mining Giant Bitmian’s ICO

Aug 8, 2018

The world’s dominant cryptocurrency mining hardware producer Bitmain has reportedly signed its Pre-IPO financing contract with China’s technology giant Tencent, China International Capital Corporation (CICC) and Japan’s Softbank. Since then, Bitmain’s valuation has been boost...

Can Bitmain Go Far with Threats from His Rivals (I) – Friedcat and Avalon

Aug 6, 2018

In the second half of 2018, the China-based miner manufacturers – Bitmain, Canaan and Ebang are gearing up to go public. Apart from the big three above, latecomers in this space like Shenma, Bitfily and Innosilicon are sprinting up rapidly, someday, maybe they could elbow into the new top ...

Bitmain is Planning Its Expansion Targets Texas Coal Mining Town

Aug 1, 2018

Bitmain, the world’s dominant cryptocurrency mining chip producer is opening its crypto mining operations at a former aluminum smelter in Rockdale according to local media Dallas News. This news has been confirmed by a local official. Rockdale is a central Texas town that used to adopt c...

Canaan (Avalon) Release World’s First Bitcoin Mining TV and 7nm A9 at 30T/1720W

Aug 1, 2018

The China-based miner giant Canaan Creative on July 31 released its latest products – a TV set with built-in bitcoin mining chips and a 30T miner. Canaan, or Jiananyunzhi (“嘉楠耘智” in Chinese), was founded in April 2013 in Hangzhou by Zhang Nangeng, aka NgZhang. The compa...

Bitmain’s IPO May Boost Its Valuation Up to $35 Billion

Jul 28, 2018

Chinese bitcoin mining giant Bitmain is reportedly preparing to submit its listing application to the Hong Kong Stock Exchange (HKSE) and is expected an official launch in Hong Kong by the end of this year. Based on the data from local tech media outlet All Weather TMT, the IPO...

Bitmain Raises Another $1 Billion Prior to its IPO

Jul 23, 2018

According to Local media outlet Touchweb, Chinese bitcoin mining giant Bitmain has reportedly seeking a new pre-IPO funding of US$1 billion, shortly after it completed a Series B funding of US$300-400 million headed by Sequoia Capital. Based on the report, the new one-billion fun...