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Category: Bitmain

Bitmain Invests $62M to Expand Mining Operations in the US, 56k Miners to Deploy In Georgia

A $62 million mining firm deal between Bitmain and power partners Bit5ive and ISW holdings will bring over 56,000 Bitcoin mining rigs to the state of Georgia, USA; The agreement is set to expand Bitmain’s power hold in the BTC mining industry in North America. According to the statement released on Wednesday, top Bitcoin mining […]

The post Bitmain Invests M to Expand Mining Operations in the US, 56k Miners to Deploy In Georgia first appeared on BitcoinExchangeGuide.

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Bitmain reveals divestiture plans for Antpool, the leading BTC mining pool

Bitmain, the world’s leading Bitcoin mining rig manufacturer recently concluded its semi-annual shareholder’s meeting where it revealed the progress of Antpool divestiture, the world’s leading Bitcoin mining pool. The mining chip manufacturer received shareholders nod to make its mining pool operations independent of the parent company in the first quarter and completed all the legal

The post Bitmain reveals divestiture plans for Antpool, the leading BTC mining pool appeared first on Coingape.

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Ethereum Mining Hashrate on a Downtrend as China Sends Miners Packing

The regulatory clampdown on cryptocurrency miners in China is taking a toll on not just the Bitcoin (BTC) network, but also on Ethereum (ETH). The Ethereum mining hashrate, which attained its peak of 643,805.8731 GH/s back on May 20, 2021, according to data from Etherscan is fast on a decline. At present, the hashrate is

The post Ethereum Mining Hashrate on a Downtrend as China Sends Miners Packing appeared first on Coingape.

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Bitmain Suspends Antminer Sales as Chinese Customers Put Miners for Sale

Major Bitcoin mining machine manufacturer, Bitmain Technologies has announced the suspension of the global sales of its Antminers. The move was unveiled via the company’s official WeChat account platform and comes following the Chinese government’s plan to clamp down on local mining operations.  The past days have seen an exodus of Chinese mining machines as

The post Bitmain Suspends Antminer Sales as Chinese Customers Put Miners for Sale appeared first on Coingape.

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Just-In: Bitmain Slashes Price of its Top Bitcoin Mining Rig Amid Chinese Crackdown

Bitmain, the Bitcoin mining rig manufacturer has announced a price cut on its top bitcoin mining machine Antminer S19 Pro by 20% amid an increased crackdown on crypto mining by Chinese authorities. The price cut is being attributed to declining demand in China and many miners in the country have also applied for a refund.

The post Just-In: Bitmain Slashes Price of its Top Bitcoin Mining Rig Amid Chinese Crackdown appeared first on Coingape.

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