BTCManager Logo with clear background. Orange and white font.

BITCOIN PRICE: 3,522.11     HIGH: 3,702.49     LOW: 3,470.00

=
BTCManager.com
advertisement
Next Event

BlockchaINVEST • January 7 - March 11, 2019

At BlockchaInvest, international blockchain companies and crypto projects looking to raise capital meet local investors and fund managers in a…

Click for more details
advertisement

Tag: Bitmain

Bitmain Suspends Work on Bitcoin Mine in Texas

Category: Bitcoin, Business, Development, Finance, Mining, News

Bitmain Suspends Work on Bitcoin Mine in Texas

Bitmain, the largest manufacturer of cryptocurrency mining rigs in the world, has suspended all of its operations in Texas, where the company was supposed to build the largest mining operation in the country, Texas Public Radio reported on January 11, 2019. The Future of Bitmain’s Texas Site Uncertain The Alcoa power plant, site of Bitmain’s mining operation in Texas (Source:…

READ MORE

Bitmain Founders Stepping Back As New CEO Steps In

Category: Business, Mining, News

Bitmain Founders Stepping Back As New CEO Steps In

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 company in the cryptocurrency sector, especially considering the fact that…

READ MORE

Bitcoin Mining Giant Canaan Looking into a U.S. IPO

Category: Altcoins, Bitcoin, Business, Finance, Investment, News

Bitcoin Mining Giant Canaan Looking into a U.S. IPO

Canaan, the second-biggest maker of Bitcoin mining hardware in China, is considering listing in the U.S. after shelving plans for a Hong Kong initial public offering, Bloomberg reported on January 8, 2019. Listing in the U.S. after Abandoning Hong Kong IPO China’s second-biggest manufacturer of Bitcoin mining hardware is reportedly looking to try its luck in the U.S. after shelving…

READ MORE

Bitcoin Mining Firm Bitmain Rumored to Cut 50 Percent of its Staff

Category: Altcoins, Blockchain, Finance, Mining, News, Platform

Bitcoin Mining Firm Bitmain Rumored to Cut 50 Percent of its Staff

According to a report published by Finance Magnets, on December 24, 2018, Bitcoin mining behemoth Bitmain has sacked its entire Copernicus team, which was responsible for the development of the firm’s Bitcoin Cash client. Bitmain to Cut its Workforce by half in the Coming Week Per sources close to the matter, Bitmain has silently laid off its entire Bitcoin Cash…

READ MORE

Bitmain IPO Suffers Major Setback as Hong Kong Regulator Declares Crypto Firms “Immature”

Category: Altcoins, Bitcoin, Business, Ethereum, Exchange, Finance, Investment, News, Platform, Tech

Bitmain IPO Suffers Major Setback as Hong Kong Regulator Declares Crypto Firms “Immature”

These are not the best of times indeed for Bitmain,  the world’s largest manufacturer of bitcoin mining equipment as Hong Kong’s stock market regulator, HKEX has made it clear that it would not approve the initial public offering (IPO) applications of DLT-linked firms until the region formulates a robust regulatory framework to govern its blockchain technology and cryptocurrency space, reported…

READ MORE

advertisement

1.3 Million Bitmain S9 Bitcoin Miners Go Offline as Crypto Price Crash Continues

Category: Bitcoin, Blockchain, Commentary, Finance, Mining, News

1.3 Million Bitmain S9 Bitcoin Miners Go Offline as Crypto Price Crash Continues

The total hash rate of the Bitcoin network has fallen by 31 percent since November, representing around 1.3 million Bitmain S9 miners that have been turned off as they struggled to stay profitable in the bear market, BitMex revealed in a report on December 10, 2018. Bitcoin Miners Suffer the Most from Declining Prices The unprecedented drops in value almost…

READ MORE

Bitcoin Price Slump Forces Bitmain to Shut Down Israeli Center

Category: Altcoins, Bitcoin, Business, Finance, Mining, News

Bitcoin Price Slump Forces Bitmain to Shut Down Israeli Center

Bitmain, the world’s leading bitcoin ASIC miner maker, is set to close its developmental center located in Ra’anana, Israel and lay off 23 employees, following the recent crash in the price of bitcoin and other cryptoassets, reported local news source, Globes on December 10, 2018.   End of the Road? The latest development is coming on the backdrop of the…

READ MORE

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

Category: Bitcoin, Business, News

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

World’s leading bitcoin mining hardware manufacturer, Bitmain has launched a new $20 million data center for cryptocurrency mining in the East Wenatchee area of Washington, United States, actively expanding its global digital assets mining operations despite the ongoing bitcoin price slump, reported  NW news network on November 18, 2018.   Bitmain Still Bullish Despite Crypto Bloodbath Bitmain Technologies Ltd.,  China-based…

READ MORE

Troubled Waters as Leading Bitcoin Mining Firm Allows IPO Application Elapse

Category: Business, Finance, Mining, News

Troubled Waters as Leading Bitcoin Mining Firm Allows IPO Application Elapse

One of the world’s largest crypto mining firms, Canaan Inc, has announced its application for an initial product offering (IPO) to the Stock Exchange of Hong Kong (HKEX) lapse. The move has also cast a shadow of doubt on what lies in stock for other cryptocurrency equipment makers: Will there be any more surprises, or will one of the remaining…

READ MORE

Ether Mining no Longer Profitable as Hashrates Decline

Category: Altcoins, Blockchain, Ethereum, Mining, News, Platform, Tech

Ether Mining no Longer Profitable as Hashrates Decline

Mining the cryptocurrency ether (ETH) using high-powered computer systems is no longer profitable, stated a CNBC report on November 13, 2018. Individual Mining no Longer Profitable If a recent report by CNBC is to be believed, cryptocurrency’s gold mining days might be a story of the past, as the activity is no longer a profitable one. Crypto enthusiasts will remember the euphoria…

READ MORE

Join our Telegram Channel!