Bitmain is Hodling Nearly $600 Million in Bitcoin Cash

When Bitmain announced last year that it was throwing its weight behind bitcoin cash ahead of the latter’s decision to pursue a divorce from the main BTC network due to irreconcilable differences over blockchain scaling, the cryptocurrency mining giant put its money where CEO Jihan Wu’s mouth was. Leaked documents from Bitmain’s pre-IPO investor deck

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Crypto Conglomerate Bitmain’s $18 Billion IPO Will Initiate FOMO Among Investors

Bitmain, the biggest crypto conglomerate in the global market, is expected to conduct one of the largest initial public offerings (IPOs) in history, alongside Visa and Facebook. $18 Billion IPO Throughout July, Bitmain, the Chinese crypto and blockchain corporation, touted its plans to initiate an IPO valued at $15 billion. It invested in multi-billion dollar

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Bitmain Releases New Crypto Mining Internet Routers for Dash and Siacoin

Bitmain has announced the launch of two internet routers that can mine Dash and Siacoin. In a tweet shared online, the company said the new miners, known as the Antrouter R3-DASH and Antrouter R3-SIA, will function as internet routers that can mine cryptocurrencies at the same time using the devices’ idle processing power. The routers

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Internet Giant Opera Brings Native Ethereum Wallet to Desktop Web Browser

Opera, the web browser backed by bitcoin mining giant Bitmain, has announced that it will add a native ethereum wallet to the desktop version of its web browsing software. Opera Brings Built-in Ethereum Wallet to PC Browser The Oslo-based firm made the announcement on Wednesday, citing “strong interest” in and an “overwhelmingly positive response” to

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Uber’s Biggest Shareholder Backs $15 Billion Bitcoin Giant Bitmain: Report

Crypto mining hardware manufacturer Bitmain has reportedly secured China’s biggest technology company Tencent and Japan’s Softbank, Uber’s biggest shareholder, as investors in a pre-IPO financing round. Chinese crypto giant Bitmain, commonly known for manufacturing bitcoin mining equipment and operating mining pools, is attracting interest from some of the world’s biggest companies and investors ahead of

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$500 Million Bitmain Data Center to Bring 400 Jobs to Texas Coal-Mining Town

Bitmain, the world’s largest bitcoin miner and mining equipment maker has announced construction plans for a new blockchain data center and cryptocurrency mining facility in the city of Rockdale in Milam County, Texas. CCN earlier reported that the company released plans to construct a data center in Texas as part of an ongoing North American

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U.S. Blockchain Spending in 2018 Has Already Eclipsed All of Last Year

KPMG released its bi-annual “The Pulse of Fintech” report detailing a large increase in blockchain business spending in 2018. Blockchain Moves Beyond Experimentation KPMG, one of the largest tax advisory service firms in the world, reviewed spending for businesses around the world for the report., which showed a large uptick in large investor interest (such

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Bitmain to Open New Data Center in Texas as North American Expansion Continues

Bitmain, the world’s largest bitcoin mining firm, is preparing to open a new data center in Texas, external job postings show. The China-based cryptocurrency company, which reportedly recorded $1.1 billion in profit during the first quarter, is currently looking for a project manager and data center site manager to staff a new plant in Rockdale,

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Bitmain Made $1.1 Billion in Profit in Q1, Filing for IPO ‘Very Soon’: Report

After posting eye-popping returns in 2017, the recent bear market has some cryptocurrency firms battening down the hatches amid declining returns. Don’t count industry giant Bitmain among them. Citing an email obtained from a source close to the China-based firm, Fortune reports that Bitmain — best known for manufacturing bitcoin mining equipment — raked in

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Vancouver Bitcoin Mining Firm Installs 85 MW Substation to Power Massive Expansion Plans

Vancouver-based DMG Blockchain Solutions Inc. recently announced that it had begun the installation of its 85-megawatt (MW) capacity substation, which will power the expansion of its crypto mining facility. The new 85-megawatt capacity transformer and electric substation will be connected to the utility power grid when completed, and it will help expand its product offerings.

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