Bitmain Technologies Limited is a privately-owned Chinese company, founded by Jihan Wu and Micree Zhan. Bitmain is also an operator of Antpool, one of the largest Bitcoin mining pools. Bitmain has offices in China, the US, Israel, the Netherlands and Switzerland. Bitmain was originally established to develop an ASIC chip capable of mining Bitcoin, but soon became an investor in mining software developer as well. The company is now working on creating chips for artificial intelligence. Bitmain Ltc., is a very successful company, with around $3.5 billion in profit generated in 2017. Bitmain is considered to be one of the most influential companies in the cryptocurrency industry by generating high-grade Bitcoin mining hardware, having huge mining capabilities and because of their technological advances. Bitmain has been criticized for centralizing the Bitcoin network and its monopolistic position in mining products with Bitmain’s Antminer S9 and Antminer T9+.
Citing the increase in illicit crypto-related activities, the provincial government of Sichuan moves to stamp out 10% of the global Bitcoin hashrate.
China Strikes Down 10% of Global BTC Hashrate, Who Will Pick Up The Slack?
Now that the Bitcoin block reward has been halved, BTC’s hash rate and transaction fees are feeling the impact.
As Bitcoin Halving Dust Settles, Network Awakens to Costly New Reality
Some Chinese companies could be left out of the world’s second-largest stock exchange as a result of proposed changes — and crypto is no exception.
Nasdaq to Reportedly Tighten IPO Rules for Chinese Firms, Crypto Potentially Affected
Data indicates that someone was propping up Bitcoin Cash at a loss after the coin's halving.
Someone Was Propping Up the Bitcoin Cash Hashrate at a Loss in April
Riot Blockchain has announced the purchase of an additional equipment for its post-halving operations.
US Mining Firm Plans to Nearly Double Hash Rate After Halving
New reports indicate that a previously-alleged mob attack by Bitmain employees was significantly overstated by the press.
Fake News: New Reports Allege Bitmain Street Brawl Was Overstated
Power struggle at Bitmain intensifies as the company’s executive reportedly gets arrested for partaking in a mob attack on the company’s ousted co-founder.
Bitmain Exec Reportedly Arrested After Street Brawl With Co-Founder