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Tag Archives: bitcoin mining

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...

Bitmain Heading Towards 51% Control of the BTC Hashrate

Jun 27, 2018

ChloeJiang

The China-based crypto mining giant Bitmain has controlled 42 percent of computing power recently which gives rise to fears that the company is approaching the dreaded 51% threshold. According to the data from CoinDance, the two mining pools owned by Bitmain, BTC.com and Antpool, have ...

China’s Bitcoin Miners Unwanted in Southeast Asia Too

May 13, 2018

lylian

Southeast Asia is emerging as a new hub of bitcoin mining as Chinese miners swarm to Cambodia, Myanmar and Vietnam because of access to comparatively cheap electricity and geographical proximity. While soon these China's unwanted bitcoin miners found they are not wanted there too, complaint...