SOS Beats Q1 Crypto Mining Operation Target, Progresses in US Market Entry Move

Apr 15, 2021

One of China’s newest crypto mining players, SOS Limited, continues its inroad into the US market after a fraud allegation episode with the news of surpassing its projected mining operations target for Q1 2021.  The emerging blockchain-based and big data-driven marketing solution provide...

From SOS to Ebang, Short Seller Firm Alleges Capital Fraud

Apr 9, 2021

Following its episode with SOS Ltd, short-seller Hindenburg Research has opened another chapter of its market scrutiny saying it has taken a short position in shares of Ebang International Holdings based on certain allegations. The forensic financial research outfit alleges that Ebang h...

China’s SOS Targets 41 BTC, 909 ETH in Q1 ‘21 While Battling to Save Brand

Mar 17, 2021

SOS Limited has Monday March 15 announced its installation of a second fleet of 5,000 cryptocurrency mining rigs in what seems like another move to assure the credibility of its brand following a scathing allegation of fraud on its crypto mining operation. Short-sellers Hindenburg Research ...

China Crypto Roundup (Feb.15-Feb.21): Several Listed Companies Increased Investment in Mining, Well-known Investor Bought Bitcoin ETF

Feb 22, 2021

1. 500.com announced acquisition of Bitmain's spin-off BTC.com mining pool On February 16, 500.com announced that it would acquire BTC.com mining pool, which Wu Jihan spin-off from Bitmain, for about 10% of the shares, including the entire mining pool business of BTC.com, the BTC...

New Player to Join China’s Crypto Mining Space  

Jan 15, 2021

As talks of MicroBT (Whatsminer maker) planning to go public on the US Nasdaq stock exchange market persist, a Chinese holding company that provides marketing data, technology and solutions has joined the list of new players going into crypto mining. SOS Limited, formerly known as ...

Chinese Crypto Miners Are Scrambling for Secondhand Machines as Bitcoin Bull Runs

Jan 6, 2021

Bitcoin generates 210 million CNY a day, and Antminer S9 has become a cash cow At present, the daily output of bitcoin mining is 900 pieces, and the transaction fee output is about 109 pieces. Judging from the coin price at $32000, the daily output of bitcoin mining is about $32.29 milli...

China’s Largest Mining Equipment Market Sales Slow as Bitcoin Bull Running

Jan 4, 2021

There is a popular saying in the crypto space: the cryptominers can't earn more than the mining machine sellers. Bitcoin's soaring price often drives the bitcoin miner market. However, Huaqiang North Commercial Area, the largest mining equipment market in China seems to be very dull as Bitc...

Crypto Mining Capitalization May Become An Irresistible Trend

Dec 30, 2020

Some listed companies focusing on crypto mining have emerged one after another as bitcoin price skyrocketing. The shares of those listed companies in the United States and Canada, such as RIOT Blockchain, Bit Digital, Marathon Patent Group, have soared. 500.com, a top online sports...

Antminer S9 Becomes the Rage at the Market as Bitcoin Hit $24k

Dec 23, 2020

As bitcoin skyrocketing to record-high to $24000, Antminer S9 is once again popular in the market. At present, the latest prices of the second-hand Antminer S9 have been above 250 Chinese yuan. 20 days ago, the price of the machine was only about 110 Chinese yuan, which has doubled in such a...

Micree Zhan Back to Acquire Part of Bitmain’s Business Line

Dec 22, 2020

Micree Zhan and Wu Jihan, two co-founders of Bitmain have formally reached an agreement. Zhan temporarily to mortgage his shares and lend $600 million from Bitmain to acquire some shares of Wu Jihan. Bitmain’s subsidiaries like BTC.com, BitDeer and overseas mining farms was contro...