Bitmain and Canaan Said China’s Proposed Mining Ban won’t Impact their Operation

Apr 10, 2019

April 8, China’s state economic planning agency, the National Development and Reform Commission (NDRC) released a draft version of the 2019 Directory Catalogue on Readjustment of Industrial, in which crypto mining has been included in a list of sectors it plans to eliminate. Accor...

Bitmain Reveals Specification of Its ‘Profitable’ Antminer 17 Series

Apr 8, 2019

Bitmain, the world’s largest Bitcoin miner manufacturer has revealed specifications of its Antminer 17 series machines which will be globally released on 9 April 2019. The new mining equipment in the 17 series would include Antminer S17, Antminer S17 Pro, and Antminer T17. According...

ASICs as an Open Platform, Bring Power Back to the People

Apr 8, 2019

NB: This story comes from my involvement in several Telegram chats with people working to pry open hardware platforms that have been intentionally closed by their makers. It should absolutely be understood as advocating for a certain point of view with regard to how software should work on AS...

Bitmain Adjusts its Business Strategy After a Failed IPO

Mar 29, 2019

Chinese crypto mining giant Bitmain has confirmed its application for an initial offering (IPO) on the Hong Kong Stock Exchange (HKEx) officially expired and revealed the appointment of their new CEO in an internal letter on March 26. In late 2018, Bitmain laid off a couple of d...

Demystify Bitmain’s New CEO Haichao Wang

Mar 28, 2019

March 26, the world’s leading cryptocurrency mining equipment manufacturer Bitmain has officially announced the end of its “co-CEO” era, confirmed the appointment of Haichao Wang as the new CEO. “Mr. Haichao Wang has been appointed as CEO of the company. Haichao not only has e...

Bitmain Officially Names Its New CEO and Proclaims to Restart Its IPO at Appropriate Time

Mar 26, 2019

Bitmain, the world’s leading cryptocurrency mining equipment manufacturer, has announced on Mar.26 that Wang Haichao will serve as the company’s new CEO, whilst admitting an imminent expiration of its IPO application. The Beijing-based mega-seller of crypto miners officially annou...

Bitmain Unveils Antminer Z11 for Mining Equihash-Based Cryptos , Currently Priced at $1,336

Mar 20, 2019

Bitmain, the world’s largest cryptocurrency mining hardware manufacturer, has unveiled a new version of Antminer Z series on March 19 for mining Equihash algorithm-based cryptocurrencies such as the privacy-focused Zcash, according to a blog post released by Bitmain. The new device d...

Bitmain Sold 100,000 Antminer L3 in LTC Bull Run to Reduce Inventory

Mar 13, 2019

As the price of Litecoin (LTC) surges dramatically since the Lunar New Year celebrations in early February, the Bitcoin mining giant Bitmain jumps at the chance to reduce its Antminer L3 inventory. Attribute to Litecoin’s second halving which is months away, LTC has surged ove...

Bitmain Deploys 100,000 Mining Rigs in Sichuan Province for Cheap Hydroelectricity During the Wet Season

Mar 5, 2019

The bitcoin mining giant Bitmain has deployed 100,000 mining rigs in Southwest China's Sichuan Province two months before the arrival of the wet season, betting cheap and abundant hydroelectricity this summer in the region will make their mining business profitable again, according to blockcha...

Followup on Bitmain’s New Round Layoffs Targets its AI Business

Feb 20, 2019

Bitmain, the demonstrated Beijing-based Bitcoin mining manufacturer at the center of the media storm recently relating to its mass layoffs, shrinking operation, and difficulties related to its IPO process. Of late, some sources disclosed that the company has just completed a new round of layo...