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Jihan Wu Regains Upper Hand in Bitmain Co-Founder Fight CoinDesk –

In a new twist in Bitmain’s ongoing power struggle, co-founder Jihan Wu has regained the legal representative status of the bitcoin miner maker giant. China’s business registration record update on Sept. 14 shows Wu has again become the legal representative and executive director of Beijing Bitmain Technology, the operating entity of

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DCG’s Foundry to finance Bitmain customers in North America

China’s mining giant Bitmain has entered a new partnership to streamline its operations in North America.As Bitmain officially announced on Sept. 10, the company has officially partnered with Foundry, a wholly-owned crypto mining subsidiary of major cryptocurrency firm, Digital Currency Group, or DCG. Within the partnership, Foundry will provide financing

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Blockchain Bites: Bitmain Denied, Coinbase Blocked and a Potential EOS Exit Scam

Bitmain’s appeal to recoup $30 million in alleged lost revenues from Poolin has been denied, Digital Currency Group has acquired a retail-focused exchange and Venezuelan officials appear to have blocked access to Coinbase.  Top shelfBitmain bustA court in China has denied an appeal by bitcoin mining giant Bitmain seeking $30 million in damages

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Bitmain, Ebang Among 21 Bitcoin Mining Farms Stripped of Energy Perks in Inner Mongolia

Over 20 bitcoin mining farms in China’s Inner Mongolia have been stripped of electricity perks after a clampdown by the local government. A document issued by the Department of Industrial and Information Technology of the Inner Mongolia Autonomous Region on Aug. 24, obtained by CryptoX, shows the government agency has required

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Riot Blockchain Supercharges Mining Ops With 8,000 More Bitmain Rigs as Bitcoin Price Soars

The leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source

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Power Struggle Inside Bitmain ‘Hard Forks’ Bitcoin Miner Production

The ongoing battle between the co-founders at Bitmain has now essentially hard forked the world’s largest bitcoin miner manufacturer into two different operations and supply chains for making its flagship AntMiner equipment. Wu Jihan, the co-founder who ousted his rival co-founder Micree Zhan Ketuan last year, registered a new entity on

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Bitcoin ASIC Miner Manufacturing Domination: Bitmain and Microbt Battle for Top Positions

On June 16, 2020, Bitmex researchers published a report that noted bitcoin mining rig manufacturers have consolidated a great deal and in the future, Bitmex researchers predict that “only 2 to 3 players will survive into the longer term.” There’s still a number of SHA256 mining rig manufacturers today,

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