mining rigs

Mining Giant Bitmain Confidentially Files for U.S.-Based IPO

<header class=”article__header”> </header> <strong>According to reports, bitcoin mining manufacturer Bitmain Technologies confidentially filed for a U.S.-based initial public offering (IPO) with the Securities and Exchange Commission. The news follows the alleged removal of cofounder and executive director Micree Zhan and the recent announcement of a facility in Texas with the capacity to house 300MW of …

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Bitmain’s Jihan Wu Talks Mining and Industry Growth With Bitcoin.com’s CEO

<header class=”article__header”> </header> <strong>At the World Digital Mining Summit in Frankfurt, Germany, Bitcoin.com’s CEO Stefan Rust sat down with Jihan Wu, cofounder of Bitmain Technologies and Matrixport. The two discussed how cryptocurrencies being used for payments is spreading and how Bitmain is doing after the bear market last year.</strong> Also read: SEC Wants Second Look …

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4 New High-Powered Bitcoin Miners Revealed

<header class=”article__header”> </header> <strong>Bitmain Technologies and Canaan Creative have announced new mining rigs that process roughly 58-73 terahash per second (TH/s). Sources also reveal that Canaan’s initial public offering (IPO) could be listed in the U.S. next month.</strong> Also Read: Mining Firm Canaan Creative Secures Hundreds of Millions of Dollars in Funding Bitmain and Canaan …

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Chinese Bitcoin Miners Migrate North After Wet Season

</header> <strong>A China-based crypto news outlet recently published a comprehensive report on the costs associated with building a digital currency mining farm in China. Additionally, the local publication revealed that Chinese miners are starting to migrate north to access cheap thermal power and wind power after the wet season in Sichuan.</strong> Also read: RBI Ban …

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Video Shows $10M Chinese Bitcoin Mining Farm in Flames

<header class=”article__header”> </header> <strong>During the early morning hours of September 30, a nine-minute video circulated on Twitter showing a large bitcoin mining farm burning down. Sources say the mining farm belonged to the company Innosilicon and roughly $10 million worth of mining rigs were destroyed.</strong> Also Read: Central Banks in Panic Mode – Extreme Tactics …

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Despite Lower Prices, Bitcoin’s Hashrate Remains Strong

<header class=”article__header”> </header> <strong>People watching cryptocurrency markets have been patiently waiting for prices to rise and the overall sentiment to change. However, one thing that’s been extremely bullish these days is how <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a>’s hashrate has doubled in the last three months. Even with today’s sluggish crypto prices, the SHA-256 hashrate …

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Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint

</header> <strong>Natural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere. Startups are now offering on-site systems that utilize the surplus to mine cryptocurrencies. This new business is …

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Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned

<header class=”article__header”> </header> <strong>According to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into the Iranian economy.</strong> Also read: Bitcoin Miner …

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Crypto Spring Brings Strong Profits to Next-Generation and Older Mining Rigs

<header class=”article__header”> </header> <strong>Over the last few weeks, cryptocurrency markets have been on a tear accumulating considerable gains following the notorious ‘crypto winter.’ Since the recent price hike this spring, mining digital assets with next-generation miners has allowed participants to secure significant gains and even older mining devices are turning a profit.</strong> Also read: Bitcoin …

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These Next-Generation Mining Rigs Pack a Ton of Hashpower

<strong>Last week, mining manufacturer Bitmain launched its latest Antminer 17 series. Now Canaan Creative has published its own device specifications and pricing for the new Avalonminer 10 series that process between 31-33 trillion hashes per second (TH/s). In addition to Canaan’s latest miners, two more China-based companies are releasing next-generation miners this summer that mine …

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