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IPO of Crypto Mining Giant Bitmain Could Pose More Risks Than Benefits
Bitmain, the world’s largest crypto mining equipment manufacturer, has filed for an initial public offering (IPO) with the Hong Kong Stock Exchange (HKSE) after recording staggering year-on-year growth. дальше »
2018-9-28 13:10 | |
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Cryptocurrency Mining Giant Bitmain Files for IPO in Hong Kong
Bitmain Technologies, the cryptocurrency mining firm co-founded by billionaires Jihan Wu and Ketuan Zhan, released public financial statements audited by KPMG on Wednesday, formalizing its desire to go public on the Stock Exchange of Hong Kong (HKEX). дальше »
2018-9-28 11:46 | |
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Bitcoin Cash Follows Ripple Price Pump On Back Of Bitmain IPO News
Bitcoin Cash (BCH) staged an unlikely comeback September 27, rising almost 25 percent after news mining giant Bitmain had finally filed for an initial public offering (IPO). BCH Hits Multiweek Highs Data from Coinmarketcap shows BCH beating out competition from all of the top twenty cryptocurrency assets for the 24 hours to press time, hitting $564 – its highest value since September 5. дальше »
2018-9-28 23:30 | |
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Bitmain Releases First Public Financial Disclosures
On September 26th, mining firm Bitmain publicly disclosed its financial information for the first time. The move comes in anticipation of an IPO on the Hong Kong Stock Exchange. Bitmain, the Chinese giant of crypto mining, has publicly released its financial standings in a prospectus report on Wednesday. дальше »
2018-9-27 17:00 | |
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Crypto Mining Giant Bitmain Files for IPO, Opens Up the Company Books
As the company files for an IPO, it gives complete details on its corporate dealings, revenues and profits, as well as its operations across the globe. The post Crypto Mining Giant Bitmain Files for IPO, Opens Up the Company Books appeared first on CoinSpeaker. дальше »
2018-9-27 15:47 | |
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[Breaking]: Bitmain Lost $700 Million in Q2, Will Be Net Income Negative By End of the Year, According to Source
Bitmain Lost $700 Million in Q2, Will Be Net Income Negative By End of the Year, According to Source A mysterious “Bitmain source” has surfaced to make some surprising claims about the Chinese mining giant. дальше »
2018-9-27 23:48 | |
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Bitmain Officially Files for IPO As It Faces Growing Competition, BCH Jumps 20%
Chinese cryptocurrency mining giant, Bitmain, has officially filed an application to conduct an Initial Public Offering (IPO) on the Hong Kong Stock Exchange (HKEX). The application has been long anticipated by analysts, and many cryptocurrency investors are excited at the prospect of being able to invest in the mining operation. дальше »
2018-9-27 22:00 | |
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Bitmain Launches “Next-Gen” 7nm Processor As IPO Looms
New 7nm Chip To Be Implemented In Upcoming Bitmain ASIC Machines Per an official announcement from Bitmain, Jihan Wu, the CEO of the Beijing-based cryptocurrency mining giant, revealed that his firm is launching the SHA256-focused BM1391, the long-awaited, next step in the evolution of Bitcoin mining machines. дальше »
2018-9-22 07:36 | |
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Could This Be the End for Bitmain?
It has not been a good year for cryptocurrency mining manufacturing giant Bitmain, as the company is suffering from inventory losses, a lack of new manufacturing and the dwindling crypto mining market, a Bloomberg report on 18 September 2018, revealed. дальше »
2018-9-21 17:00 | |
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New Mining Manufacturer Linzhi Announces Ethereum ASIC Miner
Chen Min, the former chief chip maker at Bitcoin mining chip developer Canaan Creative, is turning her attention to Ethereum. Announcing her venture at the Ethereum Classic Summit in Seoul, South Korea, Chen’s new company, Linzhi, will focus on building cryptocurrency mining devices, and its first official products are a series of application-specific integrated circuit (ASIC) miners designed specifically for Ethereum and Ethereum Classic. дальше »
2018-9-15 01:22 | |
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Bitmain’s $50M ‘Permissionless Ventures’ First Project: BCH Dev Con
Cryptocurrency mining hardware giant, Bitmain, is sponsoring a Bitcoin Cash (BCH) hackathon in the United States — San Francisco, to be exact. For the China-based company, BCH Dev Con is the first project financed by its $50 million fund, Permissionless Ventures (PV). дальше »
2018-9-14 05:15 | |
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Japan’s GMO Launches Live Crypto Trading Platform, Adds Mining Facilities
Japanese internet giant GMO has launched a live crypto trading platform via its subsidiary GMO Coin. This is the company’s third crypto exchange and trading service. Meanwhile, the group has established more mining facilities and has mined almost 3,000 BTC and over 660 BCH so far. дальше »
2018-9-9 22:05 | |
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Bitcoin Miner Bitfury Knows How to Make Cooling 95% More Effective
Bitcoin mining giant has invested in immersion cooling technology as it’s competing to mine the remaining of the 21 million mineable bitcoins. The post Bitcoin Miner Bitfury Knows How to Make Cooling 95% More Effective appeared first on CoinSpeaker. дальше »
2018-9-7 00:43 | |
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Google erroneously banned a cryptocurrency mining app with 1M+ downloads
In an effort to curb the spread of crypto-jacking software, Google updated its terms of service in July to ban on-device cryptocurrency mining apps from the Play Store. Unfortunately, it appears that (in addition to a slew of mining apps) the internet giant has erroneously banned some legitimate apps – including one with over a million installs. дальше »
2018-9-5 18:20 | |
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BitMEX Reports Bitmain Needs Efficient Management to Reach ‘Legendary’ Status
The research arm of Bitcoin Mercantile Exchange (BitMEX) recently analyzed leaked data about mining giant Bitmain to pinpoint fallacies and other investor accusations toward the mining business. Bitmain a Potential ‘Legend’ BitMEX researchers defined Bitmain, which is valued at $8 billion ahead of its public listing in Hong Kong, a technology player with “legendary” potential, […] The post BitMEX Reports Bitmain Needs Efficient Management to Reach ‘Legendary’ Status appeared first on CryptoSlate. дальше »
2018-9-1 21:00 | |
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Bitmain-Owned Mining Giant BTC.com Launches Ethereum Mining Pool
After building a formidable bitcoin mining empire that at one point reportedly controlled 51 percent of bitcoin’s hashrate, Bitmain is now moving into the Ethereum mining space through its subsidiary BTC. дальше »
2018-8-31 17:00 | |
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Bitmain’s Bitcoin Mining IPO Sees More Vulnerabilities and Secrets Get Unwanted Exposure
Bitcoin Mining Giant Bitmain Roasted After Exposure Of Vulnerabilities And Secrets The Chief Strategy Officer of Blockstream, Samson Mow, has recently revealed several facts and opinions about Bitmain, the Chinese mining giant which is about to launch its Initial Public Offering (IPO). дальше »
2018-8-30 22:56 | |
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Bitmain Lost $328 Million Buying Bitcoin Cash, According to BitMex Research
Bitmain made a bad bet on Bitcoin Cash but could still become “one of the great companies” in the cryptocurrency world, researchers from BitMEX reveal. ‘Bitmain Can Be A Legendary Crypto Company’ As part of an in-depth look into the mining giant ahead of its controversial planned initial public offering (IPO), BitMEX considered the potential for the company to recapture its former success while leveling thinly-veiled criticism at its management. дальше »
2018-8-30 22:00 | |
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Bitcoin mining giant BTC.com is launching an Ethereum mining pool
The world’s biggest Bitcoin mining pool is now set on dominating Ethereum. BTC. com, a subsidiary of cryptocurrency mining hardware giant Bitmain, has today released a new client specifically built to mine the Ethereum blockchain. дальше »
2018-8-30 15:00 | |
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Bitmain Launches New Water Cooled Antminer S9 Hydro
A recent press release from cryptocurrency mining giant Bitmain has announced the launch of a groundbreaking new mining product—the Antminer S9 Hydro. The new miner features an innovate water cooling system, offering lower noise outputs and higher energy savings. дальше »
2018-8-28 19:28 | |
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New Bitmain IPO Drama: Temasek Threatens Withdraw Due to $560 Million Misrepresentation
Report Claims Bitmain Already Has $560 Million in Commitments for the Pre-IPO Round, But the Investor is Threatening to Pull Deal There’s big drama in the cryptocurrency community tonight as it’s being reported that Chinese mining hardware giant Bitmain has already secured $560 million in commitments for its pre-IPO round. It’s not all good news, […] дальше »
2018-8-26 20:24 | |
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Japan’s Internet Giant GMO Abandons Bitcoin Cash Mining
Japanese internet giant GMO has switched its entire mining capacity from Bitcoin Cash (BCH) to Bitcoin (BTC) as of July 2018. GMO Mines 568 Bitcoin Blocks In July A copy of the company’s monthly mining report uploaded to social media by cryptocurrency business investor Trace Meyer confirms that in July, GMO mined 568 Bitcoin blocks and 0 Bitcoin Cash blocks. дальше »
2018-8-24 19:00 | |
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Two Norwegian Miners Scrutinized for Low Taxable Incomes
Two Norwegian cryptocurrency miners have garnered national media attention after declaring taxable incomes of less than $20,000 USD despite having admitted to owning at least 34 bitcoins during December of last year. дальше »
2018-8-24 18:15 | |
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GPU Manufacturing Giant Nvidia Leaves Crypto Mining
Media accounts are leaning toward blaming a supposed lack of interest in cryptocurrency as the reason US chip behemoth Nvidia has backed out of the mining industry. It was only a little over a year ago the company hoped to make an impact in the space. дальше »
2018-8-24 05:00 | |
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Leaked Data Calls Bitmain’s Cash Flow Into Question
In a new 17-page analysis of crypto mining giant Bitmain’s current status, researchers at Alliance Bernstein claim that “Bitmain’s uninterrupted cash flow unfortunately is now in question as competitors may catch up in technologies. дальше »
2018-8-23 01:02 | |
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Vague Claims from the Bitmain Pre-IPO Investor Deck Are Adding Up
Bitmain Investor Deck – Vague and Misleading Statements Chinese mining giant Bitmain Technologies is getting ready for its IPO and rumor has it that the least of investors is potentially misleading. Cointelegraph discussed the matter with Henry Wu, an attorney and legal expert at Chinese law firm L&Y. Wu explained that Bitmain’s original list is […] дальше »
2018-8-22 21:03 | |
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Analyst: Crypto Mining Giant Bitmain Losing Its Edge As Demand Dwindles
Chinese tech conglomerate Bitmain has been the dominant force in crypto mining for the past year. However according to analysts at Sanford C Bernstein & Co. it may be losing its edge as rival firms enter the market and demand dwindles as markets continue to decline. дальше »
2018-8-23 13:23 | |
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Bitmain IPO: Is the Unicorn Mining Giant Misleading Investors?
In early August 2018, Beijing-based Bitmain Technologies announced its plan to go public in Q4 2018 to much excitement and fanfare. The Chinese cryptocurrency company, founded in 2013 by Jihan Wu and Micree Zhan, has long been a powerhouse in the cryptocurrency space. дальше »
2018-8-22 02:05 | |
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NVIDIA’s Push Into the Crypto Mining Industry May Have Come to an End
As excess stocks of mining-focused graphics cards and chips pile up in NVIDIA’s unused inventory, the chip giant from Santa Clara, California, is left with no choice but to tone down its ambitions for the once-thriving currency mining market. дальше »
2018-8-21 18:39 | |
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SoftBank Denies Reports of Bitmain Deal; Bitmain Still Silent
Japanese telecom giant SoftBank has denied media reports of its involvement in a pre-IPO funding round of bitcoin mining rig manufacturer Bitmain. Last week, several media outlets had reported that SoftBank and Chinese internet giant Tencent were leading a pre-IPO funding round for Bitmain. дальше »
2018-8-21 18:03 | |
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Bitmain IPO: Softbank and Tencent Reportedly ‘Not Involved’
Two major corporations have publicly denied involvement with the prospective initial public offering (IPO) of cryptocurrency mining giant Bitmain. Source: Tencent ‘Did Not Take Part’ In a fresh round of controversy over the plans, Chinese multinational Tencent and SoftBank, the largest investor in Uber, both rejected press claims they were participating. дальше »
2018-8-21 17:30 | |
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Nvidia Pulls Out of Crypto Mining Citing Low Revenue, While Bitmain Tops Their Profits
The persistent bearish mood of the crypto market where Bitcoin has slipped below the psychological price point of $8,000 has taken a toll on the stock price of Nvidia. The graphics chip manufacturing giant is considering taking cryptocurrency mining production off its budget. дальше »
2018-8-20 16:07 | |
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Nvidia Calls Off Cryptocurrency Mining Production Amid Low Earnings
Graphics chip manufacturing giant Nvidia saw huge growth in late 2017 and throughout most of 2018 as demand for its high-end Graphics Processing Units (GPUs), used for cryptocurrency mining, skyrocketed. дальше »
2018-8-18 10:00 | |
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U.K.-Based Crypto Facilities Adds Bitcoin Cash Futures to Its Offerings
U. K. -based cryptocurrency futures exchange Crypto Facilities, which is regulated by the U. K. Financial Conduct Authority, is adding a bitcoin cash product to its offerings, a press release shared on the exchange’s website reveals. дальше »
2018-8-18 20:49 | |
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Mining Giant Bitmain Faces “Exit Scam” Allegations ahead of IPO
Bitmain, the Chinese mining conglomerate, is raising eyebrows ahead of its IPO in August 2018 after critics pointed out the firm is holding vast amounts of Bitcoin Cash (BCH). The company’s founder, Jihan Wu, is a popular proponent of the controversial Bitcoin hard fork. дальше »
2018-8-14 22:00 | |
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Japan’s Internet Giant GMO Unveils New Crypto Priorities, Exchange Profits Up 7-Fold
Japan’s GMO Internet has unveiled new priorities for its cryptocurrency business along with the performances of its crypto exchange and mining operations. The changes going forward result from the bear market and increased total hash rate. дальше »
2018-8-14 08:50 | |
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Bitcoin Cash Crunch: Bitmain IPO Makes Crypto Industry Uneasy
Cryptocurrency mining giant Bitmain continues to gain attention over its initial public offering (IPO) as critics raise the alarm over its financial outlook. Bitcoin Cash Bets As Bitcoinist reported at the end of July, the manufacturer announced its plans to hold a $14 billion IPO before the end of 2018, having achieved Q1 profits of over $1 billion. дальше »
2018-8-13 14:00 | |
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