Bitmain

Antpool, a Bitcoin mining entity affiliated with Bitmain, has now claimed the position of the largest mining pool for BTC mining from Foundry USA. What Happened: MinerMag data reported 1,219 blocks mined by Antpool in November 2023, which is marginally ahead of Foundry USA’s 1,...

China-based Bitcoin mining technology company, Bitmain looks to launch mining machines for a proof-of-work blockchain, Aleo which looks to achieve privacy using zero-knowledge proofs. Without explicitly mentioning the launch timeline, the company disclosed the product as Antminer model, which is...

Among the many regulatory hurdles the cryptocurrency industry is facing, C-suite level shakeups and pausing employees' salary payments can have an impact on its pulse. Bitmain Holds Back Salary Payments: Bitcoin application-specific integrated circuit (ASIC) manufacturer Bitmain...

Bankrupt Bitcoin (CRYPTO: BTC) miner Core Scientific Inc (OTC: CORZQ) announced the purchase of 27,000 Bitcoin mining servers from Bitmain as part of a deal valued at $77 million. The deal also includes $23.1 million in cash and $53.9 million in Core Scientific common stock...

A leading cloud-mining service provider announced a SPAC deal Tuesday to go public. The SPAC Deal: Digital asset mining service and cloud-mining service provider Finfront Holding Company announced a SPAC deal with Arisz Acquisition Corp (NASDAQ: ARIZ). The merger values the company at a pro forma...

A Texas town of 5,600 people is benefitting from the Bitcoin (CRYPTO: BTC) mining boom that has the potential to transform its landscape. What Happened: Rockdale, Texas — a town of 5,600 people — is home to two Bitcoin mining firms, Bitmain spinoff Bitdeer and Riot Blockchain Inc (...

Yang Zuoxing, the founder of the Bitmain's rival company, who left the company in June 2016, has been arrested in China on charges of embezzlement, according to Bloomberg. What Happened Yang Zuoxing, former chip designer for mining hardware giant Bitmain Rival, was arrested...

The cryptocurrency market finished a difficult week on a low note on Friday, with most major currencies trading down on the day. Here’s a look at some of the headlines that were moving the cryptocurrency market this week and which currencies were on the move. Headlines Bitcoin Cash was one of...

Despite downgrading Advanced Micro Devices, Inc. (NASDAQ: AMD) to Negative in March, Susquehanna has reversed course with an upgrade, saying “A lot can change in two months.” The Analyst Although not quite a bull yet, Susquehanna’s Christopher Rolland issued a note upgrading AMD...

Technology investors always need to keep up with the latest market developments, and the cryptocurrency market is one of the most rapidly evolving fields. In a new report Thursday, Bernstein analyst Mark Li provides an update on cryptocurrency mining technology and the semiconductor stocks that are...

NVDIA Corporation (NASDAQ: NVDA) fell about 2 percent Wednesday after Bitmain announced its highly anticipated application-specific integrated circuit (ASIC) for cryptocurrency mining. The company said the new ASIC will be available in July. This could be bad news for Nvidia and its GPU sales, but...

Bitmain officially announced its highly anticipated application-specific integrated circuit (ASIC) for cryptocurrency mining. The company said the new ASIC will hit the market in July, and it could be bad news for the GPU sales of Advanced Micro Devices, Inc. (NASDAQ: AMD) and NVIDIA Corporation (...