Bitmain’s Financial Figures Exposed ahead of U.S. IPO: Lost $310 Million in Q1, Expects Sales Explosion in H2 2019

Aug 2, 2019

Chinese bitcoin mining giant Bitmain has reported losses of $625 million in the first two months of 2019, but the company turned a profit in March with a net profit standing at $315 million and has seen great growth in miner sales since then, according to a report by a local WeMedia (publicatio...

Bitcoin Mining May Be Harder Than Ever by the End of 2019 When Numerous Mining Machines are Delivered

Aug 1, 2019

Bitcoin hashrate has reached a new record high around 79 quintillion hashes per second (EH/s) on July 29. The rapid rise of hashrate along with the bitcoin price rally has made bitcoin mining more competitive and difficult. It is expected to be much harder at the end of 2019 or Q1-Q2 of 2020...

Bitmain Lost $10 Million of Market Value From its Peak as it eyes on U.S. IPO

Jul 31, 2019

Bitmain, the world’s largest Bitcoin miner manufacture plans to file IPO application to Nasdaq with fundraising about 100 million dollars. Bitmain launches its IPO with market value about $5 billion, down 66.7% when it launched pre-IPO value of $15 billion on July 23 last year. Th...

TSMC Confirms Bitmain’s Urgent Order for Wafers

Jul 29, 2019

TSMC is expanding capacity for Bitmain’s urgent order for wafers. Bitmain Technologies, the designer of chips used in cryptocurrency mining  has placed a large order of 30,000 “7nm” wafers from TSMC. TSMC has never commented on its clients or orders. It is reported that that ...

Unconfirmed: Bitmain Ordered 30,000 7nm Wafers from TSMC

Jul 15, 2019

Chinese bitcoin mining giant Bitmain has placed a large order of 30,000 7nm wafers from TSMC, the world's largest dedicated semiconductor foundry, according to people familiar with the matter. An industry insider took to Weibo (Twitter equivalent in China) that Bitmain had ordered 30,0...

Potential Risks to Matrixport, a Competitive Crypto Startup Launched by Bitmain Co-founder

Jul 10, 2019

Former Bitmain CEO and bitcoin billionaire Jihan Wu has officially been tied to the launch of Matrixport, a new crypto startup that will offer over-the-counter (OTC) trading in Asia. There is no doubt that Matrixport will compete with global exchanges to offer professional and ins...

Crypto Mining Giant Bitmain Completed Employee Stock Options Plan, Its U.S IPO Is Approaching

Jul 5, 2019

Chinese cryptocurrency mining giant Bitmain has completed signing the contracts of employee stock options with its employees in late June, prepared for the company’s approaching U.S. IPO. According to a report from local financial news outlet Jiemie, citing people with knowledge of the...

Chinese Bitcoin Miner Makers All Turn to U.S. for IPO, Ebang the Latest after Bitmain and Canaan

Jun 25, 2019

Ebang, the world’s third-largest bitcoin mining machine maker, is considering an initial public offering (IPO) in the U.S. after its Hong Kong plan flopped, according to IFR Asia of Thomson Reuters. Founded in 2010, Ebang Communication started with manufacturing hardware product...

Cryptocurrency Mining Giant Bitmain is Planning a U.S. IPO after Failed Attempt in Hong Kong

Jun 21, 2019

Chinese cryptocurrency mining giant Bitmain may be revisiting its plan of launching an initial public offering (IPO), Bloomberg reported. The Beijing-based company, world’s largest manufacturer and mega-seller of crypto mining equipment, is reportedly consulting with advisors over a pote...

Bitcoin Mining Hashrate Is Becoming More Decentralized As Small Pools Gains in Distribution

May 15, 2019

Bitcoin mining hashrate has been more distributed among mining pools, according to a report from cryptocurrency research firm Diar released on March 13. As per the report, smaller mining pools have made significant gains in the past few months as a result of unknown miners either drop off or ...