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Bitmain to Increase Hashrate By 50% With 600,000 New Mining Chips

Showing renewed optimism, Bitmain is increasing its investments in the crypto mining industry. Now, Bitmain is reportedly buying 600,000 new crypto mining chips. As a result of this new investment, the company expects to make over $1 billion in profits.Bitmain to Increase its Capacity By 50% Hash..

Bitmain Valuation to Hit $12B With New 600K Chip Order, Source Says

News Bitcoin (BTC) mining giant Bitmain will increase its capacity by 50% in the next six months on the back of a giant hardware order, a source close to the deal has said. Bitmain eyes 50% capacity increaseAs reported by Chinese social media network WeChat on Aug. 23, Bitmain, which has seen a dr..

High-Powered Mining Rigs Drive Bitcoin’s Accelerating Hashrate

On August 19, the combined SHA-256 hashrate between the BCH and BTC networks touched a massive high of over 91 exahash per second (EH/s). One notable contribution to today’s network hashrates is the manufacturing of next-generation mining rigs that produce a significant number of terahash. Currently..

Bitmain Accuses Cryptocurrency Project of Impersonation

News Cryptocurrency mining hardware manufacturer Bitmain has accused a cryptocurrency project of falsely using its name in the promotion of a product dubbed Mangocoin (MNG). In an Aug. 9 blog post, Bitmain states that it came across a fraudulent use of its brand in the sale of a product dubbed “Bi..

Mining ASIC Giant Bitmain Lost $625 Million, Expects Profits in April

News Chinese mining and mining Application Specific Integrated Circuit (ASIC) manufacturer Bitmain lost $625 million in the first two months of this year, local media QQ reports on Aug. 2. Hundreds of millions lostPer the report, the firm sustained losses of $625 million by March, $345 during Janu..

Bitmain Loses $625 Million In Two Months, But Pins Hopes On New Tech

Bitcoin mining rig manufacturer, Bitmain, reportedly made losses of $625 million in the first two months of 2019. However, it has high hopes for a turnaround based on demand for new 7nm mining machines.A Bad Start to the Year According to a report from a Chinese news outlet, Bitmain’s total opera..

Canaan Reportedly Beats Bitmain to First US Bitcoin Mining IPO

Bitcoin mining giant Canaan creative has reportedly beat fellow Chinese crypto mining hardware manufacturer Bitmain Technologies to the punch by filing for an initial public offering (IPO) in the U.S. Canaan will be hoping to follow through on its plans at the second time of asking after allowing a..

Bitmain IPO Plans May be Rekindled With Crypto Winter’s End

Now that the crypto winter is finally over, Bitmain is looking at an IPO in the U.S., reports suggest — learn more details in our analysis

How Crypto Market Fall Influences Mining Hardware Sales and Producers’ Revenues

In depth A year long bear crypto market appears to have had a negative impact on the profitability of cryptocurrency mining. In spite of this, Bitcoin miners still managed to generate $4.7 billion in profit in the first six months of 2018. Constantly growing competition between big mining pools an..

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