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Bitmain Considers Billion Dollar IPO After Expansion in Other Sectors

Bitmain’s Alleged Connection With Crypto Ponzi Scheme, BitClub, Could Hinder U.S. IPO Plans

January 22, 2020 by Anthonia Isichei at Regulation

Bitcoin mining giant, Bitmain Technologies, is in the news again for something negative. This time around, there are reports that the bitcoin mining company is involved with a crypto Ponzi scheme, BitClub Network, causing the company to come under the radar of the U.S. Department of Justice (DoJ). Such an...

Cutting a Bitmain paper in half with scissors

Bitcoin Mining Giant Bitmain Ready to Fire Half of Its Employees

January 3, 2020 by Osato Avan-Nomayo at News

Chinese state media Sina is reporting that Bitcoin mining behemoth Bitmain is considering laying off up to half of its employees as the company envisages economic consequences of the coming Bitcoin halving event. Meanwhile, the legal tussle between the co-founders of the firm continues with ousted chief Micree Zhan filing...

Bitmain Leadership Crisis Deepens as Ousted Co-founder Threatens Legal Action

November 7, 2019 by Osato Avan-Nomayo at Bitcoin

In the latest salvo in the ongoing saga surrounding Bitmain, ousted co-founder Micree Zhan is threatening to fight back claiming to have been betrayed by his partners. Meanwhile, the Bitcoin mining giant is moving ahead with plans to launch a U.S. IPO. Bitmain Co-founder Threatens War Dovey Wan, founding partner...

Bitcoin Mining Giant Bitmain Launches Data Center In Washington Despite Crypto Crash

Bitcoin Mining Giant Bitmain Files for U.S. IPO, Chases Canaan Creative

October 30, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Bitmain Technologies, the world’s leading manufacturer of Bitcoin mining equipment, has secretly filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). Bitmain’s application comes just a few days after its primary competitor, Canaan Creative, made its IPO intentions known to the financial authority. Fascinatingly,...

Bitmain Founders Stepping Back As New CEO Steps In

January 11, 2019 by Neil at Business, Mining, News

Bitmain, the world’s largest Bitcoin-mining manufacturing equipment company is undergoing quite the restructuring, as the new CEO, Wang Haichao, will be replacing two of the company’s original founders, according to a new report (Jan 10). Bitmain Restructuring It wasn’t too long ago that many people considered Bitmain the most valuable...

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