Bitcoin Mining

Malaysian Thieves Drill Through Wall to Steal 85 Crypto Machines

Malaysian authorities have apprehended five men charged with stealing 85 bitcoin machines. The police captured the men in a police raid on November 2. The Sun Daily reports that four men and one woman rented a building in Seremban, Malaysia adjacent to a warehouse storing the bitcoin machines. The five drilled through the concrete wall …

Malaysian Thieves Drill Through Wall to Steal 85 Crypto Machines Read More »

Bitcoin Mining Power Sees Short-Term Drop as Rainy Season Ends in China

After continuous growth over the past three months, computing power on the bitcoin network has seen a fallback as the summer rainy season trails off in China. According to data from Poolin, the world’s largest bitcoin mining pool by real time hash rate, bitcoin’s seven-day average computing (or hashing) power has dropped to around 90 …

Bitcoin Mining Power Sees Short-Term Drop as Rainy Season Ends in China Read More »

Bitcoin Thermocap Approaches $15B as Miners Hit $1B in Fee Revenue

Bitcoin (BTC) miners had made almost $15 billion securing the network as of the middle of this month. Bitcoin network pays out $15B Data from monitoring and statistics resource Coin Metrics released on Oct. 15 noted that since Bitcoin’s birth in 2009, miners had received combined revenue of just under $15 billion.  Known as the …

Bitcoin Thermocap Approaches $15B as Miners Hit $1B in Fee Revenue Read More »

Avalon Mining Rig Maker Canaan Files for $400M IPO on Nasdaq

<header class=”article__header”> </header> <strong>Mining rig manufacturer Canaan has filed for an IPO with the U.S. Securities and Exchange Commission to raise $400 million on the Nasdaq Global Market. Prior to this filing, the company had also attempted to go public in Hong Kong and China. Credit Suisse and Citigroup are among its underwriters.</strong> Also read: …

Avalon Mining Rig Maker Canaan Files for $400M IPO on Nasdaq Read More »

Chinese Cryptocurrency Mining Giant Files for $400 Million IPO in US

Chinese cryptocurrency mining giant Canaan Creative has filed to be a publicly-traded company in the United States.  On Oct. 28, Canaan Creative filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) to raise $400 million, while planning to be listed on the Nasdaq under the ticker CAN. Canaan reportedly …

Chinese Cryptocurrency Mining Giant Files for $400 Million IPO in US Read More »

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

Canaan Creative, the Avalon bitcoin miner maker and one of the world’s largest mining equipment manufacturers, has just formally filed another attempt to go public – this time in the U.S. Canaan’s initial public offering prospectus filed with the U.S. Securities and Exchange Commission (SEC) on Oct. 28 indicates it intends to list on NASDAQ under …

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO Read More »

Bitmain Aims to Build a 300MW Texas Mining Farm

<header class=”article__header”> </header> <strong>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.</strong> Also read: The Silk Road …

Bitmain Aims to Build a 300MW Texas Mining Farm Read More »

Why Is Bitcoin Price Going Up? 4 Indicators Suggest a Potential Bottom

Bitcoin price (BTC) has continued to fend off support in the $7,800 region for what will be the fifth week running at the end of today.  With the BTC price currently back up over $8,200, several indicators suggest that a potential reversal may be in the cards.  Weekly Crypto Market Performance. Source: Coin360.com 1. Bitcoin …

Why Is Bitcoin Price Going Up? 4 Indicators Suggest a Potential Bottom Read More »

Next Bitcoin Halving Could Squeeze out Retail Miners, But Jury’s Split on Price

Is the next halving going to send bitcoin to the moon? Well, maybe not that fast. As the programmed reduction of the miners’ reward is approaching (expected to happen in May next year), people are disagreeing about its probable effects. Bitcoin has gone through the halving two times before, in November 2012 and July 2016, and both …

Next Bitcoin Halving Could Squeeze out Retail Miners, But Jury’s Split on Price Read More »

Next Bitcoin Halving May Not Lead to Bull Market, Says Bitmain CEO

Jihan Wu, co-founder and CEO of Chinese mining giant Bitmain, believes the next Bitcoin (BTC) block reward halving may not lead to a bull market, but the coin’s price will grow in the long term. According to Chinese industry news outlet 8BTC’s report published on Oct. 11, Wu made his remarks during the World Digital …

Next Bitcoin Halving May Not Lead to Bull Market, Says Bitmain CEO Read More »