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+.
Bitcoin’s hash rate seems to be feeling the consequences of the drama at Bitmain.
Bitcoin’s Hash Rate Remains Flat Despite Major Price Rally
Bitmain announces three-month Antminer order delays, citing “external interference on company operation.”
Bitmain Delays Antminer Shipments Amid Internal Conflicts
Ripple ranks the highest amongst companies in the Blockchain sector according to the latest annual ranking from Hurun.
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Former Bitmain staff have been accused of “illegally” moving 10,000 Antiminers from a company-owned mining facility in Mongolia.
10,000 Antminers Go ‘Missing’ in Latest Chapter of Bitmain Power Saga
Fresh investments into mining equipment by smaller companies signals an optimistic outlook for the future of Bitcoin.
BTC Rush: High Prospects for Bitcoin Price as Mining Investments Boom
Bitmain is having a Schrödinger moment as official accounts make contradictory statements on payment details.
Bitmain Pulls Schrödinger Act as Power Struggle Reaches New Heights
Core Scientific signs deal to buy Bitcoin mining machines from mining hardware producer Bitmain, company says, as American mining interest goes up.
US Blockchain Firm Buys 17K Bitcoin Mining Rigs From Bitmain