Bitcoin Miner Maker Ebang Narrows First Half Loss To $7 Million, as Covid-19 Hit Demand

Bitcoin Miner Maker Ebang Narrows First Half Loss To $7 Million, as Covid-19 Hit DemandEbang International Holdings Inc., the Chinese maker of bitcoin mining hardware, reported a net loss of $6.96 million during the first six months of this year, down from $19.07 million a year ago, as demand fell due to the coronavirus pandemic. Revenue plunged 51% to $11.04 million from $22.35 million previously, said the company in […]

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Canaan Cuts Losses for Second Successive Quarter, Down To $2.4M in Q2; Demand Remains Weak

Canaan Creative, the Chinese maker of bitcoin mining hardware, reported a net loss of $2.4 million during the second quarter of 2020, down from $5.6 million in the previous quarter. It is the second consecutive quarter of narrowing losses for the firm, hit hard by falling demand amid the Covid-19-induced global recession. For the three […]

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Bitcoin Mining Chip Manufacturer Ebang to List on Nasdaq This Week

Bitcoin Mining Chip Manufacturer Ebang to List on Nasdaq This WeekOn Friday, June 26, the China-based Zhejiang Ebang Communication, often referred to as Ebang, will be listed on Nasdaq, according to various reports. Ebang’s initial public offering (IPO) will be the second U.S.-based IPO for an ASIC mining manufacturer joining the company Canaan. The Ebang IPO prospectus was also updated on June 17, raising the […]

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Bitcoin Mining Equipment Maker Ebang Files $100 Million IPO for US Stock Market Listing

Bitcoin Mining Equipment Maker Ebang Files $100 Million IPO for U.S Stock Market ListingBitcoin mining chip maker Ebang International Holdings Inc. is seeking to raise up to $100 million through an initial public offering (IPO) in the U.S. The Chinese company will sell Class A ordinary shares of nominal value HK$0.001 (US$0.00013) per share if its IPO filing is approved. In a filing with the U.S. Securities and […]

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Samsung Enters the Bitcoin Mining ASIC Manufacturing Business

Samsung Enters the Bitcoin Mining ASIC Manufacturing BusinessKorean electronics giant Samsung is the latest chip manufacturer to enter the bitcoin mining hardware market. The company’s foundry has reportedly already began producing ASIC chips for a Chinese client earlier this month. Also Read: Vegetables on a Blockchain ICO Exit Scams After Paying People to Write On Their Bodies Samsung Bitcoin Chips Samsung Electronics […]

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Japan’s GMO Internet Develops 12 NM Mining Chips

Japan's GMO Internet Develops 12 NM Mining ChipsMajor internet technology manufacturer and recent entrant into virtual currency mining hardware industry, GMO Internet Inc, has announced it has successfully developed a 12 nanometer (NM) Fin FET Compact (FFC) semiconductor chip for its next-generation of cryptocurrency miners. The company has described the innovation as a significant step “towards realizing a […] 7 NM process […]

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Japanese Internet Giant GMO Launches Bitcoin Mining Business

Japanese internet giant GMO launches mining businessJapanese Internet leader GMO Group has announced today that it has launched a new cryptocurrency mining business through its European legal entity, as it aims to gain a better understanding of the virtual currency. Also Read: Major Korean Crypto Exchange Upbit at Center of Regulatory Controversy GMO Launches Bitcoin Mining Business Japanese conglomerate GMO Group has introduced […]

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