Bitmain Jihan Wu: Bull Market may not Come after Bitcoin Halving, but Bitcoin Price will Keep Going up

Oct 11, 2019

Bitcoin halving may not lead to bull market, but I am positive about the long-term trend of Bitcoin’s price, Jihan Wu, co-founder and CEO of the bitcoin mining hardware maker Bitmain shared his opinion about bitcoin halving on World Digital Mining Summit held in Frankfurt, Germany....

Chinese Crypto Giants Feature the Top Richest in China

Oct 10, 2019

Well-known Chinese crypto giants are prominent on the list of the top richest in China, according to Hurun China Rich List 2019 released on October 10. Bitmain’s founder Micree Zhan and Jihan Wu, Huobi’s Leon Li, and Binance’s founder Chaopeng Zhao all edged themselves into...

Bitmain’s Digital Mining Map to Connect Miners, Farm Owners

Sep 28, 2019

China's top chipmaker, Bitmain, has revealed its plan to offer the crypto world the first resource that will connect mining hardware owners with mining farms that have the available power resources to host them. The World Digital Mining Map (WDMM), which will be the first platform of sort...

Employee was Accused of Plugging into Bitmain’s Server to Steal 100 Bitcoins

Sep 12, 2019

An Ex-employee of Bitman was sentenced to one year and three months' imprisonment with a fine of 50,000 Chinese yuan for plugging into Bitmain’s server to steal 100 Bitcoins according to a  local report. As a Chinese cryptocurrency mining giant with a large number of bitcoins, Bitmain ...

Bitmain’s New Antminer 17 Miners Snapped up in Minutes, Bitcoin Hashrate Go Higher?

Sep 10, 2019

Crypto mining giant Bitmain has launched two new Antminer 17 miners to the eager market on September 9. A day before the announcement, data from statistics and wallet provider Blockchain showed that Bitcoin hashrate has topped 94 EH/s to hit 100 EH/s. Bitmain’s new miners The two...

TSMC Is Accused of Multiple Infringements, 7nm Bitcoin Miner Capacity May Be Affected

Aug 28, 2019

It is reported that GlobalFoundries (GF) filed multiple lawsuits in the United States and Germany on August 26, accusing TSMC’s semiconductor technology of infringing 16 GF patents, and expecting the U.S. trade authorities to ban the import of infringing products manufactured by T...

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 ...