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Bitmain, a Chinese manufacturer of cryptocurrency mining equipment, has been forced to stop its business in China from Oct. 11 following the crypto ban imposed by local authorities.In addition to China’s blanket ban on crypto operations, the company has attributed the move to stop shipping Bitcoin (BTC) and cryptocurrency mining
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Argo Blockchain, a London-based cryptocurrency mining company, has announced an expansion of its mining capacity that will more than double its current hashrate. The expansion will be done through the acquisition of 20,000 S19J Pro bitcoin miners from Bitmain, which will be delivered in several installments. These miners will populate
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Founded in 2013, Bitmain was one of the earliest manufacturing companies to make an application-specific integrated circuit (ASIC), which is a powerful, specialized machine for bitcoin mining. ASICs have enabled miners to scale up their mining operations and increased mining difficulty exponentially. Original Source
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Marathon is purchasing the miners from Bitmain to boost its total hash rate to 13.3 EH/S. The purchase brings Marathon’s miner total to 133,000.Marathon Digital Holdings Inc (NASDAQ: MARA) has agreed to procure an additional 30,000 Antminer S19j (100 TH/s) miners from Bitmain. The digital assets technology company from Las
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Jihan Wu became a prominent name in crypto after co-founding Bitmain Technologies in 2013 and taking it public by 2018. His latest venture, Matrixport, raised new capital to stand at a unicorn-level of $1 billion in valuation. With the participation of large venture capital firms including Tiger Global, DST Global, C Ventures and
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Bitcoin mining company Gryphon Digital Mining has signed an agreement to purchase 7,200 Antminer S19J Pro mining machines from Bitmain Technologies for $48 million.Gryphon Mining said Bitmain is scheduled to deliver 600 miners monthly with the first delivery starting next month.The S19J Pro Antminer has a maximum hashrate of 100
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Even though leading bitcoin mining manufacturer Bitmain doubled prices to capitalize on overwhelming demand resulting from the surge in the price of bitcoin, it still pre-sold three months of inventory in a few weeks.In early December, Bitmain was pre-selling bitcoin ASIC miners with an expected shipping date of May 2021,
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Riot Blockchain, a Nasdaq-listed cryptocurrency mining company, has inked another deal with Chinese mining giant Bitmain to buy 15,000 Antminers. According to a Dec. 21 announcement, the Colorado-based firm expects the new purchase will contribute a 65% increase to its total Bitcoin (BTC) mining hash rate.The purchase cost Riot $35
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