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Bitcoin Miner Maestros Canaan Eye IPO on Nasdaq as Bitmain Reorganizes

Canaan Creative, a major Chinese mining hardware manufacturer and creator of the Avalon series of bitcoin miners, is looking to raise $400 million USD through an initial public offering (IPO) on the Nasdaq stock exchange. Revealed in an IPO prospectus filed with the U.S. Securities and Exchange Com..

Russia: Government Official Expects To Mine 20% Of The World’s Bitcoin

News A Bitcoin mining company owned by Russia’s internet ombudsman is planning to open a new facility and corner 20% of the international market. Internet ombudsman targets BTCAs local financial news outlet RBC reported on Oct. 29, Russian Mining Company (RMC) plans to repurpose a metal factory in..

Chinese Cryptocurrency Mining Giant Files for $400 Million IPO in US

News Chinese cryptocurrency mining giant Canaan Creative has filed to be a publicly-traded company in the United States. On Oct. 28, Canaan Creative filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) to raise $400 million, while planning to be listed..

Bitcoin Hash Rate Record Highs Show Miners Are Long-Term Bullish

News Bitcoin (BTC) continues to set new records for its network hash rate this month, a sign that miners have shaken off weak price performance. Hash rate hits all-time highs in OctoberData from monitoring resource Blockchain confirmed hash rate hit 114 quintillion hashes per second on Oct. 23...

Digital Gold Rush: Bitmain Launches Massive Texas Mine

Like many of the top companies in the space, Bitmain, the largest cryptocurrency mining hardware manufacturer, did not escape the bite of last year’s bearish cryptoeconomy downswing. The firm eventually made significant restructurings in its workforce in response. For a time then, Bitmain’s plans f..

Why Is Bitcoin Price Going Up? 4 Indicators Suggest a Potential Bottom

Market Analysis Bitcoin price (BTC) has continued to fend off support in the $7,800 region for what will be the fifth week running at the end of today. With the BTC price currently back up over $8,200, several indicators suggest that a potential reversal may be in the cards.Weekly Crypto Marke..

Bitcoin Privacy Is the Only ‘Big Question’ for Devs, Says Poolin CEO

News Bitcoin (BTC) needs to become more resistant to governments as a priority, the CEO of one of its biggest mining pools has said. Pan: Privacy is Bitcoin’s “real problem”In an interview with cryptocurrency media outlet Bitcoin Magazine quoted by Forbes on Oct. 17, Poolin’s Kevin Pan suggested p..

Layer1: Bitcoin Mining “Needs a U.S Company to Lead” – Are They Right?

Bitcoin mining should be led by a United States company. That’s according to San Francisco-based Layer1 – a cryptocurrency mining company that just secured $50 million from investors including Peter Thiel, known for co-founding PayPal. The company plans to set up a new mining operation in West Texa..

Next Bitcoin Halving May Not Lead to Bull Market, Says Bitmain CEO

News Jihan Wu, co-founder and CEO of Chinese mining giant Bitmain, believes the next Bitcoin (BTC) block reward halving may not lead to a bull market, but the coin’s price will grow in the long term. According to Chinese industry news outlet 8BTC’s report published on Oct. 11, Wu made his remarks ..

Bitmain Announces Two New ASIC Cryptocurrency Mining Rigs

News Leading Application Specific Integrated Circuit (ASIC) producer Bitmain announced two new series 17 Bitcoin (BTC) mining machines in a blog post published on Oct. 9. Bitmain: higher efficiency and hashrateBitmain co-founder Jihan Wu announced the S17+ and T17+ mining machines at the World Dig..

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