Saturday, February 16, 2019
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Hong Kong Stock Exchange Head Hints at Incompatibility of Bitmain IPO

The head of the Hong Kong Stock Exchange (HKEX) has addressed queries about initial public offering (IPO) listings amid confusion over Bitcoin mining giant Bitmain’s application. English-language newspaper South China Morning Post (SCMP) reported the comments on Jan. 24.Speaking at the ongoing World Economic Forum (WEF) in Davos, Switzerland, HKEX

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Bitmain Exits Amsterdam Citing Focus on Long-Term Scalable Business Strategy

Cryptocurrency mining giant Bitmain Technologies has opted to reduce its operations in the Netherlands, the company said in a statement on Jan. 14.Bitmain, which in November announced the first in what has become a series of cost-saving measures by shutting down a blockchain development center in Israel, said the move

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Mining Giant Bitmain Reportedly Suspends Mining Operations in Texas

China-based leading mining and mining ASIC hardware producer Bitmain has reportedly suspended its mining operations in Rockdale, public radio station Texas Public Radio reports on Jan. 10. Rockdale is located in Milam County, east of Austin, in the United States state of Texas.Steve Young, a Milam County Judge, issued a

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After Crypto Giants Bitmain & ShapeShift Cut Staff, So Does Blockfolio

Although 2019 has dawned, the crypto “nuclear winter” of yesteryear has yet to entirely abate. Just weeks after Bitmain, ConsenSys, ShapeShift, Huobi, among other Bitcoin-related startups, cut a number of their staff, Blockfolio, which manages one of the most used applications in the industry, also had to wave goodbye to

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Bitmain Co-CEOs to Keep Decision Making Power in Executive Swap, Report

Chinese Bitcoin mining giant Bitmain’s co-founders Jihan Wu and Micree Zhan Ketuan will quit their posts as co-CEOs but still steer the company’s important decisions. Hong Kong-based English-language news outlet South China Morning Post reported the news Jan. 10.Referencing anonymous “people familiar with the matter,” the publication said Bitmain’s director

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Chinese Media Reports Jihan Wu, Jenke Group to Soon Resign as Bitmain CEOs

Jihan Wu and the Jenke Group will be reportedly soon retire as CEOs of leading mining ASIC producer Bitmain. Rumors about their departure were reported by Chinese local media Odaily on Dec. 28.Odaily quotes an unnamed source familiar with the situation that Bitmain is currently in a transition period. Furthermore,

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