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Chip Making Giant TSMC Reports Significant Drop in Crypto Mining Revenue

Chip manufacturing giant Taiwan Semiconductor Manufacturing (TSMC) reported a sizeable drop in its crypto mining-related revenue in 2018. The news was revealed in the company’s Q4 2018 financial results, published Jan. 17, together with an earnings call transcript.TSMC has not disclosed specific data for its crypto mining business — including

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Tech Firm IBM and MineHub Join to Build Blockchain-Based Platform for More Efficient Metals & Mining Supply Chain Solution

MineHub Technologies, Inc. and IBM announced a collaboration to use blockchain technology to help improve operational efficiencies, logistics and financing and reduce costs in the high-value mineral concentrates supply chain — from mine to end buyer. The $1.8 trillion* global mining and metals market has traditionally suffered from inefficiencies due

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IBM-Backed Blockchain Platform to Improve Supply Chain Management in Mining Industry

Major tech firm IBM has partnered with MineHub Technologies to deliver a blockchain solution that will improve supply chain management in the mining and metals industry. IBM announced the initiative in a press release published Jan. 16.MineHub is a company that uses technologies including blockchain to develop cost-saving applications for

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Following Bankruptcy Filing, Mining Firm Giga Watt Reportedly Closes Day-to-Day Operations

Major crypto mining and blockchain firm Giga Watt has reportedly closed access and power to its facilities and stopped day-to-day operations, according to a note to clients reposted in a Telegram group on Jan. 15.Following its bankruptcy filing in November 2018, the former top-five crypto mining firm reportedly notified its

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Despite Bear Market, Crypto Mining Malware Tops Threat Index for 13th Month Running

Three strains of crypto mining malware have topped the latest Global Threat Index from Israeli cybersecurity firm Check Point, according to a press release published on Jan. 14.Check Point Software Technologies Ltd. is a security solution provider for governments and enterprises globally, with over 100,000 organizations reported to be currently

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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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Bitcoin Mining Chips Manufacturer Canaan Knocks the U.S. Door for an IPO

Photo: CanaanChina-based Canaan Creative, the world’s second-largest manufacturer of crypto mining hardware is considering to launch its IPO. According to the Bloomberg report, Canaan will launch its Initial Public Offering (IPO) in the United States, instead of China. People familiar with the matter said that the IPO launch will

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