The proposed "Bonanza Mine" promises to be a new, viable option to compete against traditional mining rigs.
A private, Beijing-based company, Bitmain Technology Holding Company, or Bitmain, produces blockchain and artificial intelligence-specific hardware and software components. Micree Zhan and Jihan Wu founded Bitmain in 2013. Wu formerly served as Bitmain’s CEO. As a solution to disputes between Wu and Zhan, however, Wu departed his posts as Bitmain CEO and chairman in 2021.
Bitmain is the company behind the Antminer, a well-known crypto mining hardware brand. Bitmain has built multiple models under the Antminer name, including the Bitmain Antminer S9, the Bitmain Antminer S17, the Antminer T19 and the Antminer S19. Bitmain also makes a mining farm product called Antbox.
Bitmain plans to identify green energy mining opportunities from power generation projects in Chinese provinces.13616
The $62 million deal is expected to generate $10 million in monthly revenue for ISW Holdings.8574
The company’s bid to become the largest Bitcoin miner in the United States could be achieved by 2022.8928
Matrixport, a part of Jihan Wu’s Bitmain exit strategy, is now valued at over $1 billion in just two years.4977
Half of what was lost due to China’s crackdown on Bitcoin mining will never go back online, Phoenix Store’s CEO says.7963
Wu also pitched Singapore, where his current company Matrixport is based, as a strong contender to serve as "a hub for crypto innovations."2985
Gryphon has doled out $48 million to buy Bitmain’s latest Bitcoin mining hardware set for release in the summer.5113
The Bitcoin mining crackdown in China has significant ramifications for the cryptocurrency industry. Bitmain is stepping up its efforts to ease the burden on Chinese miners looking to offload their equipment in light of the ban.5567
By postponing the sales, Bitmain aims to help miners exiting the industry get better prices for mining equipment.5094
Burfa intends to purchase new cryptocurrency mining equipment from Bitmain to boost its data-center capacity.6839
A U.S. firm expects to double its Bitcoin hashing power after the purchase of 4,800 new S19J mining rigs from Bitmain.11706
The company said it held more than $94 million in crypto as of March 31, all from Bitcoin it has mined.18020
The $138.5 million deal will add an estimated 3.7 EH/s to Riot’s existing and planned mining capacity.7897
A Judge has nixed a lawsuit alleging Roger Ver and Jesse Powell and several other crypto figures engaged in market manipulation.9624