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Bitmain Looking to Replace Its Two CEOs: IPO Jeopardized?
Bitmain, the Bitcoin mining giant, is reportedly looking to replace its two founders and co-CEOs with an in-house tech chief, sources told the South China Morning Post. Bitmain’s Founders Could Be Stepping Aside Ahead of the Company’s IPO The world’s largest manufacturer of cryptocurrency mining hardware is reportedly looking to replace its top management in […] The post Bitmain Looking to Replace Its Two CEOs: IPO Jeopardized? appeared first on CryptoSlate. дальше »
2019-1-12 01:54 | |
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Jihan Wu to Step Down as CEO of Bitmain, Taking On Limited Role
China-based mining giant Bitmain has been experiencing major changes over the past few months, and now it seems that those changes have finally made their way to the company’s key figures. дальше »
2019-1-12 20:33 | |
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Report Claims Chinese Mining Giant Bitmain Is Prepping for New Leadership
The cryptocurrency mining manufacturer Bitmain may have a new chief executive officer in the near future according to regional reports. Bitmain’s director of product engineering, Haichao Wang, will apparently take the lead role within the corporation but no official timetable has been announced. дальше »
2019-1-10 21:00 | |
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Crypto Mining Giant Bitmain to Appoint New CEO, Texas Plant Plans Shelved
The bear market of 2018 has hit crypto mining companies particularly hard as mining on certain types of hardware is no longer profitable. Falling prices and hashrates have dropped difficulty somewhat but not enough to prevent the founders of the world’s largest mining company to step down as it readies to appoint a new boss. дальше »
2019-1-10 13:00 | |
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Bitcoin Mining Giant Canaan Reportedly Eyeing IPO in NY
Canaan, the second biggest Bitcoin mining hardware maker, is reportedly considering an IPO in the New York after shelving its Hong Kong IPO plans in late 2018. Canaan Eyes US IPO Citing sources familiar to the matter, Bloomberg reported that the second largest Chinese manufacturer of Bitcoin mining hardware, Canaan, is looking into the possibility of an IPO in New York. дальше »
2019-1-9 15:00 | |
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Japanese E-commerce Giant DMM Quits Crypto Mining
CoinSpeaker Japanese E-commerce Giant DMM Quits Crypto Mining The current market conditions have made Japanese e-commerce conglomerate DMM.com Ltd. Take a decision to shut down its crypto mining business. Japanese E-commerce Giant DMM Quits Crypto Mining дальше »
2019-1-3 12:45 | |
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Japan’s DMM Exiting Crypto Mining Business
Japanese e-commerce giant DMM. com is reportedly exiting the cryptocurrency mining business due to “deteriorating profitability,” local media reported. This news follows an announcement by another major Japanese company, GMO Internet, that it will no longer manufacture and sell mining machines, citing similar reasons. дальше »
2019-1-2 08:05 | |
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Rumor: Jihan Wu and the Jenke Group to Retire as CEOs of Bitmain
With the New Year only hours away, news reaching Ethereum World News indicate that the giant Bitcoin mining and ASIC manufacturing company of Bitmain might be undergoing some radical top management changes. дальше »
2018-12-30 11:48 | |
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Japanese IT Giant GMO Quits Selling Crypto Mining Equipment after Market Slump
Per a report published on December 25, 2018, Japanese internet giant GMO has decided to call off their business of manufacturing and selling cryptocurrency mining machines. Market Slump to Blame for Declining Profits According to the report, GMO’s in-house mining business profitability took a major beating due to the declining cryptocurrency prices. дальше »
2018-12-28 09:00 | |
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Bitmain Most Recent Crypto Company Hit With Layoffs
The mining giant is losing some weight.
дальше »2018-12-27 03:22 | |
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Investor: Bitmain Firing 80% Workforce is Bad for Bitcoin Cash and Litecoin
According to several reports, crypto mining giant Bitmain is running out of funds. And it could be bad for Bitcoin Cash and Litecoin. $315. 5 million worth of Crypto-Assets Kyle Samani, the co-founder of Multicoin Capital, a crypto fund, warned in a Tweet that Bitmain would liquidate its crypto-assets to accumulate fiat-funds for its business operations. дальше »
2018-12-26 17:27 | |
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Japan’s Internet Giant GMO Quits Mining Hardware Bussiness
GMO Internet says it will no longer develop, manufacture, and sell Bitcoin mining hardware following significant losses incurred in Q4 2018. The Japanese IT company will instead focus on its in-house mining activities following a comprehensive revenue review. дальше »
2018-12-26 17:00 | |
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Japanese IT Giant GMO Quits Mining Hardware Business
CoinSpeaker Japanese IT Giant GMO Quits Mining Hardware Business However, the company will continue with its in-house mining business, after relocating its mining operations to a region with cheaper power supply. дальше »
2018-12-26 14:19 | |
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Bitcoin Cash (BCH) on the brink of an abyss while Bitcoin Core releases new update
Bitmain fires entire BCH-focused Copernicus team A tweet made by a Chief Strategy Officer at Blockstream and former BTCC Chief Operational Officer Samson Mow suggests that Chinese Bitcoin mining giant Bitmain followed up on recent downsizing reports and laid off its entire Copernicus team, which was working on the development of Bitcoin Cash client. дальше »
2018-12-26 07:18 | |
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Japan’s GMO Quits Manufacturing and Selling Mining Machines
Japanese internet giant GMO has announced that it will no longer develop, manufacture, and sell cryptocurrency mining machines. The company will, however, continue to mine in-house but will relocate its mining center to a region with cleaner and less expensive energy. дальше »
2018-12-26 01:00 | |
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Layoffs Underway Amid ‘Adjustments,’ Bitcoin Miner Bitmain Confirms
Months after it filed an application to go public on the Hong Kong Stock Exchange, Beijing-based cryptocurrency mining giant Bitmain is undergoing a series of business changes that extend even to its China offices, the company confirmed Tuesday. дальше »
2018-12-25 19:00 | |
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GMO Internet Group exits cryptocurrency miner production
Japanese internet giant GMO Internet Group is quitting the cryptocurrency mining hardware sector, according to a public document. Citing extraordinary loss in Q4 this year, GMO said that it will “no longer develop, manufacture and sell” miners. дальше »
2018-12-26 18:00 | |
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Bitmain Fires Entire Bitcoin Cash Development Team: Report
Things appear to be far from well with Bitcoin Mining firm Bitmain as several reports indicate another round of employee layoffs at the firm. This news follows reports that the company’s IPO is also dead in the water after rumors of Q3 losses running into over $700 million. дальше »
2018-12-25 00:00 | |
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Newsflash: Bitcoin Cash survival in jeopardy while Lightning Network development soars
Bitmain could fire up to 50% of its staffers which doesn’t bode well for BCH Chinese cryptocurrency mining giant Bitmain is not faring that well at the moment. This current environment of low crypto prices caused a sharp drop of interest for new mining equipment, and companies like Bitmain have felt that the most. дальше »
2018-12-25 23:48 | |
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Bitmain troubles could put Jihan Wu in a tough spot: Chose Bitmain or Bitcoin Cash (BCH)
Chinese cryptocurrency mining giant Bitmain is not faring that well at the moment. This current environment of low crypto prices caused a sharp drop of interest for new mining equipment, and companies like Bitmain have felt that the most. дальше »
2018-12-25 23:45 | |
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Rumor: Crypto Mining Giant Bitmain May Purge 50% Of Staffers
Bitmain Could Be In Throes Dovey Wan, a prominent Asian cryptocurrency entrepreneur and insider, recently drew attention to a post on China’s version of LinkedIn (“usually very high accuracy, posted by employees themselves”) that indicates that Bitmain, the Beijing-based crypto mining giant, is ready to begin a drastic layoff. дальше »
2018-12-24 03:45 | |
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Bear Market Forces Bitmain to Close Blockchain Development Center in Israel
The downturn of the crypto market has forced Beijing-based Bitcoin mining giant Bitmain to close its blockchain development center in Israel and lay off all of its employees, Israeli business news outlet Globes reported on December 10, 2018. дальше »
2018-12-13 10:45 | |
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Gaming Firm Wants to Pay Players to Mine Cryptocurrency
When the crypto chips are down companies often seek alternative methods of generating income. Gaming equipment giant Razer wants to pay gamers to mine crypto using their graphics cards. The new crypto rewards program is called ‘Razer SoftMiner’, and it enables users to put their GPUs to work mining “Silver” which according to the firm […] The post Gaming Firm Wants to Pay Players to Mine Cryptocurrency appeared first on Ethereum World News. дальше »
2018-12-13 10:34 | |
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Bitmain Shuts Down Research and Development Center in Israel
The ongoing bear market has caused another cryptocurrency company to downsize its operations. Bitmain, the Beijing-headquartered bitcoin mining technology giant, has now begun shutting down its research and development center in Ra’anana, Israel. дальше »
2018-12-10 21:50 | |
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Bitmain closes its Israel development center amid downturn in the crypto market
Cryptocurrency mining giant Bitmain is closing down its Israel-based research and development arm, the Globes reported. According to the report, Bitmaintech Israel, the firm’s R&D center in the city of Ra’anana, is being shuttered due to the general downturn in the crypto markets. дальше »
2018-12-10 21:06 | |
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Crypto Bear Market Has Even Led $15 Billion Bitmain to Lay Off Employees
The ongoing bear market has begun to take its toll on a number of businesses, as many seek to close up operations, reduce staff, or make other changes that impact their ability to stay afloat. The latest cryptocurrency firm to feel pressure due to continued price decline, is the $15 billion-valued mining giant Bitmain. дальше »
2018-12-10 19:59 | |
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Bitcoin Mining Giant Bitmain Is Collapsing – And It Only Has Itself To Blame
The Israeli research and development arm of cryptocurrency mining giant Bitmain will close, resulting in the firing of all 23 staff due to market “turmoil. ” Glikberg: Bitmain ‘Forced’ To Reevaluate As local media outlet Globes reported December 10, Bitmain, which continues to face financial problems of its own this year, will formally end all activities at its offshoot just three years after it began operations. дальше »
2018-12-10 18:00 | |
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Bitmain forced to shut down Israel operations due to cryptocurrency bear market
It appears the downturn of the cryptocurrency market is having a ripple effect (pun intended) on the industry. Numerous blockchain businesses have been forced to close down or lay off staff to survive – and the latest one is Bitmain. дальше »
2018-12-10 16:33 | |
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Lawsuit Filed Against Roger Ver, Bitmain, Kraken Over ‘Hijacking Bitcoin Cash Network’
On December 6, 2018, publicly listed American internet services company UnitedCorp filed a lawsuit against Bitcoin Cash proponent Roger Ver, the founder of bitcoin. com, bitcoin mining giant Bitmain and cryptocurrency exchange Kraken for allegedly hijacking Bitcoin Cash network unlawfully for personal benefit. дальше »
2018-12-8 09:00 | |
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Bitmain IPO in ‘Death Spiral’? Rumors Of $740M Q3 Loss as Bitcoin Cash Crashes
Fresh rumors over the financial health of Bitcoin mining giant Bitmain cast a shadow over the company again this week, suggesting it faces losses close to $1 billion. Bitmain’s Worst Quarter? Originally reported by the Twitter account known as BTCKING555 December 3, the author of which almost exclusively tweets about Bitmain, unreleased quarterly earnings data for Q3 2018 allegedly reveals $740 million losses. дальше »
2018-12-5 13:00 | |
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Intel Corporation Patent for High-Performance Energy Efficient Bitcoin Mining Finally Approved
On November 27, 2018, the U. S. Patent and Trademark Office accepted a patent submitted in 2016 by the tech giant Intel Corporation for a new energy efficient, high-performance bitcoin mining system capable of outpacing the current model. дальше »
2018-12-3 23:00 | |
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Bitmain Crypto Index Launches For Crypto Investors
CoinSpeaker Bitmain Crypto Index Launches For Crypto Investors Mining giant Bitmain has just launched a new cryptocurrency index. The index is for investors who are interested in having a benchmark for their investments. Bitmain Crypto Index Launches For Crypto Investors дальше »
2018-12-1 13:15 | |
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ASUS Partners with Quantumcloud to Allow Crypto Mining Through Idle GPUs
Taiwan-based computer hardware giant ASUS is the latest player in the block to join the cryptocurrency mining party. According to a report by Hard Fork, published November 29, 2018, ASUS is persuading gamers to mine cryptocurrencies when their gaming systems are not in use. дальше »
2018-12-1 02:00 | |
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Canada’s Fortress Blockchain Records $1.16 Million Loss In Q3 For Crypto Mining Business
The Canadian Bitcoin mining giant Fortress Blockchain registered a loss of $1. 16 million in the third quarter of 2018. In the previous quarter, the company lost $202,000. This shows that the bearish price action in virtual currencies is affecting the whole crypto market. дальше »
2018-11-30 06:55 | |
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ASUS Wants Gamers to Mine Crypto When Not Gaming with Quantumcloud Blockchain Partnership
ASUS seems to be hopping on the crypto mining bandwagon. The Taiwanese manufacturer, a technological giant in the industry, wants gamers to mine cryptocurrencies when they do not use their games. Cryptocurrency mining activities can be carried out with different hardware machines. дальше »
2018-11-30 23:32 | |
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ASUS wants gamers to mine cryptocurrency when they don’t play games
ASUS is the latest technology giant to hop on the cryptocurrency mining bandwagon. The Taiwanese manufacturer is now encouraging gamers to mine cryptocurrency when they’re not playing games. Putting to use their idle graphic cards, ASUS gamers will be able to mine cryptocurrency and cash out their earnings through PayPal or WeChat. дальше »
2018-11-29 17:11 | |
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$5 Million Lawsuit Claims Bitmain Mined at Expense of U.S. Customers
Gor Gevorkyan, a Los Angeles resident, has filed a lawsuit against Bitmain for allegedly mining cryptocurrency at his expense. The class action claims that bitcoin mining giant had redesigned its ASIC devices “to mine crypto currency for the benefit of itself rather than its customers who purchase the products”. дальше »
2018-11-27 13:00 | |
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