Bitmain lost money in 2019, lawyers tell court in China
Lawyers representing Bitmain Technologies disclosed at a recent court hearing that the ASIC mining hardware manufacturer recorded a loss of nearly $60 million in 2019.
Jacob Rozen
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Articles By Jacob Rozen:
BitBoss brings blackjack on chain
Bringing the online casino experience to the blockchain is an arduous process that requires careful consideration of the current technological limitations and how to mitigate them.
Marathon to buy 10,000 new ASIC miners
The NASDAQ-listed block reward mining firm recently announced purchasing 10,000 next-generation Antminer S-19j Pro miners for its Hardin, Montana data center.
Ukrainian-owned US steel plant caught mining BTC: reports
A Kentucky steel plant owned by Ukrainian oligarch Ihor Kolomoisky has been reportedly quietly mining BTC after it shut down operations and laid off staff over the summer.
New research paper claims to describe how BDos attack can cripple blockchain
Researchers at Cornell Tech and the Technion Israel Institute of Technology claim to have uncovered a fresh way to execute a denial-of-service attack (DoS) on a proof-of-work blockchain network.
Titan Pool launches in North America
Titan Pool seeks to connect regional BTC miners together by offering them the same operational efficiencies that miners in other regions enjoy.
Hive Blockchain reports profits amid recent spending spree
Hive reported revenue of $13 million during its fiscal second quarter, up 8.2% from the same period a year ago, with gross profits of $7.4 million.
BTC miners in Yunnan province lose power: reports
Baoshan authorities have reportedly ordered electricity producers to stop supplying power to some block reward miners from the city.
BTC price surge cannot stop Canaan’s revenue from shrinking
The NASDAQ listed hardware manufacturer reported a net loss of $12.7 million in Q3 despite a BTC price jump during the same period.
US emerging as block reward mining powerhouse
Industry watchers have noticed that hashrate emanating from North American has been increasing, eroding the centralized collective market share that Chinese competitors once held.
China block reward miners finding it hard to pay electricity bills: report
The clampdown has reportedly makes it harder for block reward miners to exchange the digital token they mine into the Chinese Yuan in order to pay utility companies.
Hash power on OKEx mining pool collapses amid uncertainty
Following the suspension of withdrawals from trading accounts, hash power dropped by as much as 99% on OKEx's digital currency mining pools.