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Tag Archives: bitcoin mining

Bitcoin Miners Sold by Kilo in China Amid Cryptocurrency Crash

Nov 21, 2018

lylian

The leading cryptocurrency bitcoin once fell below $4,300 on the afternoon of November 20, hitting a 13-month low since October 2017. Great losses are seen across the broader crypto market. Many miners in China have shut down their mining machines especially their older models amid the red ...

Bitmain Raises Another $1 Billion Prior to its IPO

Jul 23, 2018

ChloeJiang

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...