Bitmain’s China Operation More Than Halved Since Crypto ban, According to Estimate

Jan 17, 2022

Bitmain may have reduced its manufacturing capabilities in China by 50-70% since the crypto ban, according to Luxor Mining estimate. In its latest hash rate index, Luxor which provides analysis, data, and hash rate insights, notes that China’s entrenched application-specific integrated circ...

Canaan, Bitmain Record More Miner Deployments to Lead Supply

Jan 6, 2022

Regardless of China's ban on crypto-related mining activities within its borders, top miner makers in the country continue their drive to meet market demands and sustain their operations. Canaan this week announced the deployment of another 8,000 Avalon Miner units for its joint mining opera...

Chinese Mining Companies Continue Shift to North America

Nov 15, 2021

Despite a ban on related activities on their home turf, Chinese companies remain attracted to the crypto mining trade hence their quest to continue pursuing the interest even outside the shores of China. Beijing has driven out most of China’s cryptocurrency mining activities this year ...

As ASIC Miners Are Set to Be More Expensive, Bitmain Unveils Newest Mining Rig

Nov 14, 2021

Bitmain has unveiled its newest machine, the Antminer S19XP. The manufacturer of the most popular brand for application-specific integrated circuit (ASIC) Bitcoin miners introduced the machine at its just-concluded World Digital Mining Summit 2021 which ended on Nov 10 in Dubai. ...

Another Record-Breaking Q3 for North American Miners Following China’s Ban

Oct 11, 2021

Like it happened in the second quarter, North American miners have seen yet another quarter of increased revenue quarter-over-quarter in the wake of China’s crypto mining ban. China used to capture the larger share of the crypto mining market - about 50-60% of the network’s hashrate. How...

China Crackdown: ASIC Miner Prices Likely to Rise As Others Expect Short Term Impact on Crypto Market

Oct 2, 2021

Prices of application-specific integrated circuit (ASIC) miners are not likely to stop rising all through next year, says Luxor Mining, which provides analysis, data, and hashrate insights. Its analysis of what the crackdown means for ASIC manufacturing in China stems from what they ...

Bitmain Hires TSMC to Produce ASICs Using Its N5 Technology

May 10, 2021

The huge price increase most cryptocurrencies have experienced since the beginning of the year has made cryptocurrency mining one of the most profitable industries today. As the prices of Bitcoin and Ethereum reached their all time highs, miners began turning insane profits that haven’t been se...

Bitmain Co-founder Jihan Wu Says More Institutions Are Going Into Cryptocurrency Mining

Apr 23, 2021

Jihan Wu, the co-founder of Bitmain, the world’s largest Bitcoin mining hardware manufacturer, recently spoke at an online event where he shared his thoughts on the cryptocurrency mining industry. The conference was hosted by BitDeer.com, a global leader in digital asset mining and cloud ser...

Bitmain’s Jihan Wu Addresses The Company’s Bitcoin Cash (BCH) Position

Apr 21, 2021

Jihan Wu, the co-founder of China’s largest bitcoin mining hardware manufacturer Bitmain, has addressed the company’s Bitcoin Cash (BCH) position in a series of posts on social media network Weibo. Wu reflected on the current position Bitcoin (BTC), the world’s largest cryptocurren...

Bitcoin Miner Manufacturers in China See Huge Surge in Demand

Feb 25, 2021

The massive price rally the entire crypto market has seen since the beginning of the year has affected much more than just profits. According to reports from the Global Times, manufacturers of Bitcoin mining hardware have benefited hugely from increased prices. As Bitcoin’s price passed its ...