Upheaval at Bitcoin Mining Giant Bitman sees Jihan Wu Return to the Helm

2019-10-29 22:00

Bitcoin mining giant Bitmain is once again reportedly undergoing an upheaval within its upper hierarchy. Bitmain’s ex-figurehead Jihan Wu seems to be calling the shots, dismissing co-founder Micree Zhan.

The news of the organizational restructuring at Bitmain comes as mining rival Canaan is moving forward with its U. S. IPO. Micree Zhan Reportedly Dismissed from BitmainRead MoreRead More. The post by Anthonia Isichei appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\.

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bitmain mining bitcoin reportedly jihan giant upheaval

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Источник: btcmanager.com

bitmain mining → Результатов: 126

Bitmain suspends employee pay amid financial turmoil

Bitmain, a major player in the Bitcoin mining industry, has suspended employee salaries in response to financial struggle and poor progress on its mining operations. According to reports from internal employees at the company, this suspension includes both performance and basic wages, and impacts all Bitmain staff.

2023-10-10 22:20	Bitmain
bitmain mining financial employee employees all internal

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Estonian IT company inks $26M crypto mining deal with Bitmain

Burfa intends to purchase new cryptocurrency mining equipment from Bitmain to boost its data-center capacity.

2021-6-17 18:45
bitmain mining new purchase intends burfa equipment

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Bitmain Launches Cheaper T19 Bitcoin Mining Hardware

Bitcoin (BTC) mining giant Bitmain has released a cheaper Antminer model as the competition among major players intensifies. Bitmain announced the news of the mining hardware rollout via a blog post published on Monday.

2020-6-1 17:26	BTC/USD
bitmain mining hardware cheaper bitcoin rollout intensifies

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Unconfirmed: Mining Giant Bitmain Is Being Investigated by U.S. Department of Justice

An insider states that Bitmain, the number one Bitcoin mining company, is now under a criminal investigation after selling equipment to BitClub

2020-1-14 17:19
bitmain mining under company bitcoin criminal one

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Bitmain Aims to Build a 300MW Texas Mining Farm

The Beijing-based Bitmain Technologies and DMG Blockchain Solutions announced the launch of a 25MW mining facility in Rockdale, Texas. The new mine aims to bolster Bitmain’s international expansion which will soon expand to 50MW of processing power and then extend the operation’s capacity to more than 300MW.

2019-10-23 08:00
bitmain mining texas 300mw aims farm build

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Bitmain orders 600,000 mining chips; purchase may drive valuation to $12 billion

According to a recent update on the Chinese social media network WeChat, a source close to the chip-manufacturing firm, Taiwan Semiconductor Manufacturing Company, revealed that Bitmain has reportedly placed an order for 600,000 mining chips.

2019-8-23 16:00	Bitmain
bitmain mining chips billion may orders drive

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Bitmain Shares Experience Of Nearly 90% Reduction In Company’s Own BTC Mining Hash Power

Bitmain Had A Drop Of 88% In Its Own BTC Mining Power You may remember the time in which Bitmain was the king of the crypto market. That time is past now. According to recent reports, the internal mining operations of the company are down by 88%.

2019-5-8 01:34	Bitmain
bitmain mining time btc power company own

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Top Bitcoin Market Analyst Says Bitmain’s Mining Operations Shutdown Will Not Affect the Industry

Bitmain, one of the largest crypto mining companies in the market has been affected by the bear trend in the industry. According to some reports, Bitmain could be shutting down its mining operations.

2019-1-2 22:25	News
bitmain mining could industry market operations crypto

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Crypto Analyst: Shutdown Of Bitmain’s Mining Operations Isn’t A “Big Deal”

While Bitmain has made forays into artificial intelligence and other budding markets, at heart, Bitmain is a Bitcoin– and crypto-centric mining startup. So, it should come as no surprise that industry participants were shell-shocked when hearsay arose that Bitmain was poised to shutter a number of its mining-related ventures.

2019-1-1 12:02	Mining
bitmain mining crypto analyst deal operations shutdown

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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.

2018-12-25 23:48	Crypto Journal
bitmain mining crypto well newsflash soars survival

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3 Reasons Why the Bitmain IPO Could Fall Through

The ASIC (Application Specific Integrated Circuit) chip manufacturer of Bitmain is a privately held company headquartered in Beijing, China. Founded by Jihan Wu and Micree Zhan in 2013, the firm has grown to become one of the biggest player in designing hardware for mining Bitcoin.

2018-12-18 19:56	Roger Ver
bitmain mining company reasons firm could ipo

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Bitmain’s New 7nm Chip Miners Are Available for Purchase Today

Chinese mining giant Bitmain's 7nm Bitcoin miners go on sale today, November 8, 2018. Announced in September of 2018, the miners allegedly offer considerably faster hash rates (though Bitmain didn’t disclose any specifications) and come in two separate Antminer models: the S15 and T15.

2018-11-9 18:52	Mining
bitmain mining 7nm chip chips two companies

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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.

2018-9-21 17:00	Cryptocurrency
bitmain mining cryptocurrency year manufacturing forgot rule

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Bitmain Prepares for Inaugural World Digital Mining Summit

Bitmain CEO Jihan Wu and Bitcoin(. com) CEO Roger Ver are set to discuss upcoming ecosystem developments, protocol upgrades and more during the first-ever World Digital Mining Summit, taking place Sept.

2018-8-29 18:00
bitmain mining digital summit world prepares tbilisi

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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.

2018-8-22 02:05	Tencent
bitmain mining 2018 investors cryptocurrency ipo unicorn

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Bitmain Is a Mining Giant—Can It Really Claim Just 4 Percent of Bitcoin’s Total Hashrate?

Bitmain, a crypto mining company with several sub-mining operations, recently announced new transparency measures meant to “foster greater dialogue between [Bitmain] and the cryptocurrency communities at large.

2018-7-27 05:35	News
bitmain mining hashrate transparency company giant time

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Bitmain Reveals the Total Hashrate of Its Cryptocurrency Mining Hardware

Chinese bitcoin mining giant Bitmain has revealed the total hashrate of all its cryptocurrency mining hardware. This was done as part of a larger push towards greater business transparency by the company ahead of its rumored massive IPO.

2018-7-26 23:20	transparency
bitmain mining cryptocurrency hardware hashrate total bitcoin

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Bitmain Releases Internal Bitcoin Mining Hashrate Stats, Claims 4% Power

The largest mining company in the world, the Chinese Bitmain, has decided to publish regular reports on the size of its mining operations. This is part of a broader transparency initiative which will be used to open the company up before going public later this year with the Initial Public Offering (IPO). The Bitmain In-House […]

2018-7-26 22:48	News
bitmain mining public company used initiative broader

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Mining Giant Bitmain Offers New Policy to Boost Its Transparency

Chinese mining company Bitmain has announced it is exploring new policies that will boost the company’s transparency and communication with the cryptocurrency community.

2018-7-26 19:33	Bitcoin
bitmain mining company new empty transparency bitcoin

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Mining Giant Bitmain Receives Nearly $400 Million Investment, Considers IPO

Bitcoin mining giant Bitmain has just completed a round of funding which takes its value to a reported $12 billion dollars USD. The ASIC chip developer and mining pool operator was founded in 2013.

2018-7-8 19:21	Cryptocurrency News
bitmain mining giant ipo considers nearly receives

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Bitmain Heading Towards 51% Control Over BTC Mining

Chinese crypto mining giant, Bitmain, has mined over 42% of all Bitcoin blocks recently giving rise to fears that the company could soon have control over the 51% threshold necessary for a network attack.

2018-6-25 15:14	News
bitmain mining control company could fears threshold

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Bitmain Raises $400 Million Prior to its $12 Billion ICO, Growing Dominance

Bitmain’s ASIC dominance has continued, with Bitmain-based mining pools collectively accounting for nearly 50% of all Bitcoin mining power. Bitmain Dominates Bitcoin ASIC Industry Two prominent Bitcoin mining pools, BTC.

2018-6-25 12:00
bitmain bitcoin mining dominance pools raises 400

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Bitmain Now Controls 42 Percent of Bitcoin’s Hashrate

Bitmain, the world’s largest manufacturer of cryptocurrency mining hardware, now controls approximately 42 percent of the Bitcoin network hashrate. The company owns BTC. com and AntPool, the two largest BTC mining pools in the world.

2018-6-25 02:00
percent bitmain btc bitcoin controls hashrate mining

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Bitmain Approaching 51% of Total Bitcoin Network Hashrate

Bitcoin Mining giant Bitmain has mined 42% of all Bitcoin blocks this past week, steadily moving closer to controlling a majority 51% of th network hash rate. Bitmain Moves Closer to 51% ASIC manufacturer and cryptocurrency mining giant Bitmain — claimed 42% of the total blocks found on the Bitcoin network from the past week.

2018-6-24 20:00
bitmain network bitcoin total past week closer

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Several Examples of Countries Where Сryptocurrency Mining Is Not Even Worth Starting

In May, the Chinese Bitmain — the world’s most known cryptocoin mining hardware vendor — has again lowered prices. The leading “workhorse” on miner’s site, Antminer S9 13. 5TH/s to mine Bitcoin and other cryptocurrencies via SHA256d protocol, now costs slightly more than US$800.

2018-6-15 18:26	News
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Chinese Cryptomining Chip Giant Bitmain Is Considering an IPO

Bitmain — the largest and most established manufacturer of cryptocurrency mining chips — is considering an IPO, or initial public offering. This could potentially open the company’s books to the world and allow the stock market to assign the company real-time value.

2018-6-11 01:34	Investing

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Bitmain Co-founders Resolve Long-Standing Disagreement on Company’s Future

In the settlement, the current CEO and Chairman of Bitmain, Jihan Wu, will step down from his position to make way for the other co-founder Micree Zhan. Zhan agreed to purchase $600 million worth of Bitmain shares, which represents just over half of the total, as part of the transferal of power.

Bitmain Co-Founder Exits, Resolving Years-Long Power Struggle as Mining Firm Preps IPO

Bitmain co-founder Jihan Wu is stepping down from his role as part of a settlement.

Ousted Bitmain Co-Founder Halts Antminer Shipments

Reports are emerging from the People’s Republic of China that Bitcoin mining giant, Bitmain, is delaying shipments of the firm’s popular Antminer rigs. The news was revealed by the head of marketing at Hashkeyhub, Molly [@molllliy], on her Twitter account, citing a translation from Weibo, China’s leading microblogging portal.

Internal Struggle at Bitcoin Mining Giant Bitmain Escalates to Physical Confrontation

After Micree Ketuan Zhan, the exiled co-founder of Bitmain, moved to reinstate his position after another partial legal victory over his former employer, tensions reportedly escalated into a physical brawl.

Bitcoin Mining Giant Bitmain Ready to Fire Half of Its Employees

Chinese state media Sina is reporting that Bitcoin mining behemoth Bitmain is considering laying off up to half of its employees as the company envisages economic consequences of the coming Bitcoin halving event.

Bitmain Announces New Sales Strategies to Tackle Market Share Decline

Coinspeaker Bitmain Announces New Sales Strategies to Tackle Market Share DeclineBitmain Chairman and CEO Jihan Wu has announced a few interesting changes to Bitmain’s client sales strategies aimed at fixing its receding market dominance.

Bitmain Co-Founders Prepare for Legal Battle Against Each Other

Bitmain is going through a power struggle between its main founding members. Jihan Wu told Bitmain’s staffers that Micree Zhan was being laid off. Zhan said he was ousted without consent and is prepared for a legal battle.

2019-10-29 22:00

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