Bitmain Reports Loss of $500 Million in IPO Filing
Mining giant Bitmain reported a loss of $500 million in the third quarter of 2018. Bitmain had applied for an IPO in September 2018 with...
Tag : Bitmain
Black Clouds Hover Over Bitmain Employees As It Suspends Its Mining Operations
Bitmain, the world’s largest mining pool and mining ASIC hardware producer, has suspended its mining operations in Texas as part of its business changes. It...
Cryptocurrency News | Bitmain and Huobi announce post Christmas Layoffs
Bitmain Technology, Chinese mining giant and cryptocurrency exchange operator Huobi Group have both announced plans to lay off staff but for altered reasons, per reports...
Bitmain’s IPO application faces Status-Quo , Hong Kong Wary of Crypto
The Hong Kong Exchanges and Clearing Limited (HKEX), might not give their blessings to Bitmain, as well as other DLT-based firms, to launch an IPO,...
Crypto Mining Giant Bitmain to Close Israel Facility Amid Declining Profits
According to a report by local Israeli news publication on December 10, Chinese crypto mining giant, Bitmain, is shutting down its facility in Israel. The...
Crypto Platfrom ErisX Raises $27 Million from Fidelity, Nasdaq and Others
According to a report by Reuters, Crypto exchange ErisX has raised over $27.5 million in its series B funding round from various investors including Bitmain,...
Coindesk Accuses Bitmain of Making False Claims To Bolster IPO
A leading crypto news outlet, Coindesk, recently claimed to be in possession of onerous proof against Bitmain, the world’s largest ASIC chip producer for bitcoin...
Making Millions by Hashing Empty Block using Spy Mining
According to Decrypt Media, many mining pools have discovered a legitimate, but a somewhat amoral way of earning fees for mining without the confirmation of...
Bitcoin Cash Price Spike and How’s Bitmain IPO Responsible for it
Bitcoin Cash or BCH recorded a sudden and rapid price rise over the last 24 hours. BCH grew by an astonishing 25% in value in...
In its latest Series B funding round, Bitmain has been valued at $12 billion
Earlier in the previous week, quoting anonymous sources that are well informed about the matter, Caixin, the Chinese news publication, reported that Bitmain, a cryptocurrency...