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U.S. contract mining firm Core Scientific has agreed on a deal to buy 17,600 mining rigs from Chinese bitcoin hardware maker Bitmain Technologies Inc. The company is buying Bitmain’s next-generation bitcoin (BTC) miner, the Antminer S19, it said in a statement on June 29. The miners will be fully installed at data centers operated by … Read more
Multi-billion-dollar mining group BHP announced it has completed a $14 million iron ore trade using a blockchain platform. Go to Source Powered by WPeMatico
Chinese mining company Ebang has yet to see a positive net income in 2020, but an IPO might give it a jumpstart. Go to Source Powered by WPeMatico
The mining equipment firm, scheduled to go public via Nasdaq later today, is preparing for a massive expansion. Go to Source Powered by WPeMatico
Beam updates details on its June 28 hard fork, laying out foundations for the firm’s future DeFi offering. Go to Source Powered by WPeMatico
Bitcoin’s mining difficulty recently spiked, while miners hold larger piles of Bitcoin than usual. Go to Source Powered by WPeMatico
On 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 … Read more
Micree Zhan released a scathing letter directed towards fellow Bitmain co-founder Jihan Wu, offering to buy out control of the company. Go to Source Powered by WPeMatico
On June 16, 2020, Bitmex researchers published a report that noted bitcoin mining rig manufacturers have consolidated a great deal and in the future, Bitmex researchers predict that “only 2 to 3 players will survive into the longer term.” There’s still a number of SHA256 mining rig manufacturers today, and regional reports claim that the … Read more
Ebang will reportedly get listed on Nasdaq on June 26, hoping to raise $125 million in an initial public offering. Go to Source Powered by WPeMatico