The purchase aligns with TAAL's strategic goals to increase its transaction processing capacity to meet the demands of enterprise customers adopting blockchain technology.
Bitmain originally sued MicroBT and its CEO Yang Zuoxing in 2017 for infringing a patent that Bitmain was awarded for its technology used in designing an ASIC for Bitcoin mining.
China-based online lottery company 500.com continued its foray into the blockchain sector by acquiring ASIC mining machine manufacturer Bee Computing.
The first shipment would take place in January 2022, and will be followed by monthly shipments with the last batch of mining rigs scheduled to arrive by December 2022.
An unidentified client for BitRiver has recently shipped roughly 20,000 ASIC miners into the firm’s block reward mining facility in Siberia.
The South Korea tech giant is reportedly looking at investing upwards of $10 billion to build its most cutting edge logic chip producing plant in the United States.
The company plans to use the proceeds from this recent capital raise to pay for the ASIC miners it ordered from Bitmain Technologies Inc.
The hardware manufacturer designed the Avalon Immersion Cooling Miner A1066I to be noiseless and eco-friendly.
Bitmain is intentionally delaying the shipment of its ASIC hardware from its Shenzhen factory, according to reports.
NASDAQ-listed Canaan Creative has released two new ASIC mining rigs, which offer lower hash power compared to its competitors.
The atmosphere around the upcoming Bitcoin halving is different, as many in the ecosystem fear it will negatively affect the long-term value of the digital currency.