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The Latest Breaking News from Bitmain

ASIC Prices Plunge as Bitcoin Mining Enters One of Its Toughest Periods

Bitmain, along with the rest of the bitcoin mining hardware producers, has heavily slashed the prices of its ASIC units, not only the Antminer S19 of its previous generation but also the newly launched S21 models.

inkl

Homeland Security thinks Chinese firm's Bitcoin mining chips could be used for espionage or to sabotage the power grid — Bitmain probed by U.S. gov't over national security concerns

The U.S. government is looking into Bitmain to see whether its products pose a risk to its national security.

Tom’s Hardware

Hyperscale Stock Surges 33% After-Hours As Investors Cheer Bitcoin Mining Fleet Upgrade, Nvidia GPU Cloud Launch

Hyperscale Data, Inc. (AMEX:GPUS) shares surged in Monday's after-hours trading on increasing optimism about the company’s intentions to launch Nvidia Corp.’s (NASDAQ:NVDA) graphics processing unit cloud platform.

Benzinga

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Chinese company gives an Eric Trump crypto firm preferential access to tech

SEC filings show Bitmain gave firm partially owned by Eric Trump unusually generous terms on equipment

The Guardian - US

What is ASIC Mining: The Ultimate Guide for Crypto Miners

High-end Bitcoin ASIC miners have a hash rate of over 400 terahashes per second — a staggering figure.

inkl

RICH Miner Launches a New ETH Automated Mining Solution to Achieve Self-Increase of Ethereum Assets

How to make the ETH in hand more efficient and increase in value has become the focus of investors.

inkl

Chinese Bitcoin Mining Tech Producer Bitmain Is Betting Big On America—But Why?

Crypto mining hardware producer Bitmain Technologies is preparing to establish its first U.S. facility later this year, a move influenced by shifting industrial policies and a growing "Made in America" sentiment within the digital asset sector.

Benzinga

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LQR House Crashes 62% After-Hours As Crypto Bet Backfires — CEO Calls It 'Expansion,' But Investors Flee After DeFi Icon Robert Leshner Walks Away Amid Bitcoin Treasury Plans

LQR House Inc. (NASDAQ:YHC) shares plummeted 62.10% in after-hours trading on Thursday, closing at $2.49 after the company announced plans to integrate cryptocurrency and blockchain technology into its business model. What Happened: The Miami Beach-based spirits ecommerce platform dropped 38.77% during regular trading to $6.57 before the after-hours decline. Year-to-date,…

Benzinga

Chinese manufacturers of Bitcoin mining rigs are moving production to the U.S. to sidestep tariffs and sanctions — 'This goes beyond tariffs — it’s a strategic pivot toward ‘politically acceptable’ hardware sources'

The three biggest mining rig manufacturers have started to or are exploring building local manufacturing facilities.

Tom’s Hardware

US gov't set to ban Huawei intermediary Sophgo over AI chip supplies — partnership skirted US chip sanctions

U.S. to ban Sophgo, which supplied AI chiplets to Huawei, but its affiliate Bitmain avoids sanctions.

Tom’s Hardware

Bitfarms Provides November 2024 Production And Operations Update; 204 Total BTC Earned; 171 BTC Sold

Mining ReviewNovember mining operations generated 204 BTC compared to 236 BTC in October, reflecting a 1% increase in average operating EH and a 7% increase in Bitcoin difficulty.Key Performance

Benzinga

Embattled Bitfarms Mines 189 Bitcoin In June Amid Ensuing Riot Platforms Clash

Bitfarms continues to operate as usual even with Riot Platforms' earlier attempts at a hostile takeover – it mined 189 Bitcoins during the BTC price downturn season and has been expanding operations.

International Business Times

World's First BTC Layer 2 Summit To Attract Over 500 Blockchain Elites

Layer-2 platform enthusiasts and investors are expected to be drawn to the Bitcoin Layer 2 Conference – East & West 2024 as it has already confirmed the participation of some of the crypto and blockchain industry's major players.

International Business Times

Circle wanted to create a financial revolution. Instead, it’s losing the stablecoin wars to Tether

Inside Jeremy Allaire’s quixotic journey to build the future of money.

Fortune

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Tom’s Hardware

Cryptomining Booms in Russia Despite US Sanctions

Bitmain and MicroBT expanding their shipments to Russia as U.S. market gets saturate.

Caixin Global

Crypto Mining Platform Bitdeer Moves Step Closer to Nasdaq SPAC Listing

The deal, already delayed three times, would give the company an implied equity value of around $1.18 billion

Benzinga

Argo Blockchain Warns Of Urgent Need For Financing To Avoid Collapse — Shares Tumble Over 50%

Cryptocurrency miner Argo Blockchain PLC - ADR (NASDAQ: ARBK) on Monday warned its shareholders of an imminent collapse if it failed to garner further financing, leading to its stock price nose-diving by over 50% amid a slump in the

The Guardian - UK

As energy prices soar, the bitcoin miners may find they have struck fool’s gold

The rising price of electricity and the plunging value of the cryptocurrency could burst the speculative bubble for today’s prospectors

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Benzinga

Here's How This Bitcoin Mining Company Fared In FY21

Bitcoin mining company Sphere 3D Corp (NASDAQ:ANY) reported an FY21 revenue decline of 23.3% year-on-year to $3.72 million. The gross margin contracted 80 bps to 45.6%. Operating expenses more than doubled to $21.4 million. EPS loss was $(0.58) versus $(0.98) last year. Sphere 3D held $54.4 million in cash and equivalents. CEO Peter Tassiopoulos…

Tribune News Service

Intel challenges the reign of Chinese Bitcoin mining rig makers

Intel Corp.’s new Bitcoin mining chip may turn out to be the first major challenger to the Chinese rig manufacturers that have dominated the market for years.

Benzinga

Bitmain Backed Cryptocurrency Miner BitFuFu Lands SPAC Deal: What Investors Should Know

A leading cloud-mining service provider announced a SPAC deal Tuesday to go public.

Benzinga

Intel To Showcase Crypto-Mining Chip In February: Report

Intel Corp (NASDAQ:INTC) will likely showcase a specialized crypto-mining chip at the International Solid-State Circuits Conference (ISSCC) in February, CoinDesk reports citing the conference's agenda. One of Intel's "highlighted chip releases" at the conference entitled "Bonanza Mine: An Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC" will likely be on February 23. The report added that…

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