Bitcoin Mining / 5:39 am

Hong Kong Exchange ‘Hesitant’ to Approve Bitmain IPO, Says Source

The Hong Kong Stock Exchange (HKEX) is reluctant to approve the initial public offering (IPO) applications of Chinese bitcoin mining equipment manufacturers, according to a person involved in the talks. Following the 2017 cryptocurrency market boom, mining giants Canaan Creative, Ebang and Bitmain applied in May, June and September of this year, respectively, to sell […]

Bitmain / 1:45 pm

Bitmain Closes Israel Development Arm Citing Crypto Bear Market

Cryptocurrency mining giant Bitmain is closing down its Israel-based research and development arm. According to a report from financial news source Globes, Bitmaintech Israel, the firm’s R&D center in the city of Ra’anana, is being shuttered due to the general downturn in the crypto markets. All 23 employees, including Bitmain’s vice president for sales and […]

Bitmain / 10:25 pm

Mining Giant Bitmain Launches Crypto Index for Investors

Beijing-based cryptocurrency mining giant Bitmain has launched a new cryptocurrency index as a benchmark for investors. The firm announced Friday that the new Bitmain Crypto Index tracks the performance of some of the “largest and most liquid” cryptocurrencies, and is denominated in U.S. dollars. The index publishes two types of prices, a real-time spot price […]

Bitmain / 12:37 am

Bitmain Faces $5 Million Lawsuit Over Alleged Unauthorized Crypto Mining

Cryptocurrency mining giant Bitmain is facing a class action lawsuit for over $5 million that alleges unauthorized crypto mining by the firm. On Nov. 19, lead plaintiff Los Angeles County resident Gor Gevorkyan filed the case against both Bitmain’s China- and U.S.-based entities in the federal court of the Northern District of California, alleging that […]

Bitmain / 6:08 am

Bitmain Sues Alleged Bitcoin Thief in US Federal Court

Crypto mining hardware maker Bitmain has filed suit against an anonymous thief in a US federal court. In a complaint submitted to the U.S. District Court, Western District of Washington at Seattle, Bitmain alleges that the unidentified thief stole 617 bitcoin from an account it holds at crypto exchange Binance, and is seeking a jury trial […]

Antminers / 6:38 pm

Bitmain to Begin Selling New Bitcoin Miners Later This Week

Bitmain is launching two new Antminer models targeting the bitcoin mining industry. The crypto hardware manufacturing giant announced Tuesday that the new Antminer S15 and T15 machines will be powered by its recently revealed 7nm ASIC (application-specific integrated circuit) processor, and will go on sale on Nov. 8. The new miners “possess industry-leading hash rates […]

Bitmain / 2:08 am

Bitmain’s IPO prospectus is not clear, says Samson Mow

Recently, Director of Business Development of Messari Inc, Katherine Wu shared her insights on Bitmain’s IPO along with Samson Mow, Blockstream’s CSO. In the interview, the duo spoke about their concerns regarding the Bitmain’s IPO. They believed that there were a lot of “false facts” regarding the investments in Bitmain. Samson stated that he was initially shocked by the […]

Bitmain / 1:39 am

Wealth List Reveals China’s 13 Biggest Crypto Billionaires

Chinese entrepreneurs behind some of the biggest cryptocurrency startups in the world have made the country’s billionaire list for the first time. Hurun, the organization that tracks high net-worth individuals in China and worldwide, on Wednesday released its latest list of the wealthiest executives in China – all being worth at least 2 billion yuan, or $288 million. […]

Bitmain / 9:39 am

Bitmain Is Going Public, But What Type of Investment Is It Anyway?

Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here. Last week, CoinDesk was first to give its readers a glimpse at the […]