Tag: Bitmain

Giga Watt Mining

Following Bankruptcy Filing: Giga Watt Mining Company Ceases Daily Operations

According to a note sent to its customers on its Telegram Support Group, Giga Watt, a provider of cryptocurrency mining services, has reportedly shut down its day-to-day operations. Moths after...

/ January 18, 2019 / 0 Comments
The Fall of Bitmain

Bitmain Technologies Closes Down its Texas Base

Facing what is now an uncertain future, China-based Bitmain Technologies, once the largest manufacturer of crypto mining hardware is closing down yet another office. Per reports from Texas Public Radio,...

/ January 16, 2019 / 0 Comments
The Fall of Bitmain

The Fall of Bitmain – A Titan in Decline

According to recent reports, the ASIC mining giant and crypto mine operator Bitmain is currently caught in a downward spiral that could lead to dire consequences for the company. Information...

/ December 31, 2018 / 1 Comment

Bitmain’s Hong Kong IPO May Come Crashing Down

Hong Kong regulators say cryptocurrency-based IPOs aren’t all they’re cracked up to be. As cryptocurrency is still a relatively new venture, many believe that IPOs in the crypto space are...

/ December 31, 2018 / 0 Comments
GMO Miner

Crypto Market Downturn Forces GMO Internet Group to Close its Bitcoin Mining Division

According to a document filed by GMO Internet Group, it has been confirmed that the Japan-based internet giant has decided to shut down its crypto-mining division. Through the report, the...

/ December 27, 2018 / 1 Comment

Bitmain Launches New Cryptocurrency Index Fund

Chinese mining giant Bitmain launched a new cryptocurrency index fund on Friday, November 30, 2018 with the goal of attracting institutional investors to the cryptocurrency space, which executive believe have...

/ December 3, 2018 / 0 Comments
Canaan Bitcoin Mining

Bitcoin Mining Giant Canaan Lets Its IPO Application Expire

Canaan, Inc. – the Hangzhou-based mega-seller of cryptocurrency mining equipment – has allowed its application for a Hong Kong IPO to lapse. The IPO would have been worth a record...

/ November 16, 2018 / 0 Comments

Bitcoin Mining Company Bitfury Raises $80mln USD in Closed Funding Round

Despite the ongoing weakness in the crypto sector, Bitfury just raised $80 million USD. According to a recent press release, the crypto mining infrastructure company was able to get investors...

/ November 7, 2018 / 0 Comments

Bitcoin Mining Giant Bitmain Chooses Hong Kong for Its IPO

Chinese mining giant Bitmain is making headlines after announcing that it has chosen Hong Kong as the lucky city to host its upcoming IPO. Some History on the King of...

/ September 27, 2018 / 0 Comments
Bitcoin Hash Rate

Bitcoin Hash Rate Jumps 10 Million TH/s in Single Day

Despite recently wavering bitcoin prices, the network hash rate for bitcoin mining saw a sudden, massive jump in the last two days. This increase brings it up to an incredible...

/ August 29, 2018 / 0 Comments