Tag: Bitmain

  • IPO

    Bitmain Restructures Leadership Board Positions Ahead of IPO

    According to recent reports, Chinese cryptocurrency mining giant, Bitmain, is undergoing a major leadership shuffle as the company restructures its board of directors ahead of its imminent IPO on the Hong Kong Stock Exchange (HKEX). Bitmain’s upcoming IPO is expected to set a record for the cryptocurrency industry and...

    Cole Petersen | November 13, 2018 | 10:00 pm

    Bitmain Enables Overt AsicBoost Activation in Latest Firmware Update

    Chinese cryptocurrency mining giant, Bitmain, has officially released a firmware update that allows Bitcoin miners to activate the Overt AsicBoost upgrade that significantly increases their operational efficiency and decreases their cost-basis. The upgrade comes after the development group behind Slush Pool verified that Bitmain’s popular Antminer S9 hardware...

    Cole Petersen | October 23, 2018 | 6:00 am
  • NewsbTC ConnectBTC Mining Pool

    Trump’s Trade Tariffs on Chinese Imports to Hit Mining Manufacturers Hard

    President Trump’s trade tariffs will likely cause a major dint in the profitability of Chinese companies producing cryptocurrency mining hardware. Of the three mining giants based in China, Beijing’s infamous Bitmain is expected to be the worst hit since they rely most heavily on overseas sales. As Trump’s...

    Rick D. | October 16, 2018 | 9:30 pm
  • Technology

    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. In 2017, the Chinese firm brought $2.5 billion in revenues and in the first half of this year, the revenue...

    Davit Babayan | September 28, 2018 | 10:10 am
  • Cryptocurrency

    Market Downtrend? These Cryptocurrency Companies Attempting IPOs Aren’t Fazed

    As cryptocurrency market sentiment sits near its year-to-date low, multiple major companies are attempting public offerings in hopes of raising billions of dollars and securing market share in the highly competitive cryptocurrency mining industry. Bitmain, Canaan, and Ebang, the three biggest players in the crypto mining industry, are...

    Cole Petersen | September 27, 2018 | 9:00 pm

    Bitmain’s AntPool Activates Controversial AsicBoost for Faster Bitcoin Mining

    Bitmain’s mining pool, AntPool, has supposedly activated one of their controversial methods of mining Bitcoin more efficiently, called AsicBoost. The controversial Bitcoin mining “hack” supposedly increases mining efficiency by up to 20% and is controversial because many developers claim that its use damages the Bitcoin network. Weakness in...

    Cole Petersen | September 6, 2018 | 10:30 am

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