Bitcoin Mining

Wu Jihan takes full control of Bitmain following Micree Zhan’s departure.

According to the Bloomberg report, Wu Jihan has come back in the driver's seat as the CEO of the company. The co-founder made the first public appearance since he announced to remove the other co-founder of Bitmain, Micree Zhan.    Bitmain...

Bitmain rival Canaan raises $90 million in US IPO

According to the Bloomberg report, the Hangzhou, China-based company raised $90 million in its US IPO. Canaan had initially filed for $400 million IPO, but the company lost its lead underwriter Credit Suisse Group AG before the deal was...

Iranian government increases power tariffs for cryptocurrency miners

According to local news agency IRIB News, the Iranian regulators have tightened the regulations on the cryptocurrency miners in the country. In addition to power tariffs, regulators have announced a bounty for exposing illegal mining operations in the country....

Bitmain rival Canaan sets a $100 million target for US IPO.

The world's second-largest bitcoin miner maker has set a target of $100 million for its United States IPO. The Canaan is aiming to offer 10 million American depository shares (ADS) with each at a price of between $9 and...

Former Bitmain employee and MicroBT founder arrested

Yang Zuoxing, a former employee at Bitmain and founder of MicroBT, is being investigated by the Chinese police over an intellectual property dispute against Bitmain

China allows Bitcoin Mining as Beijing removes anti-cryptocurrency rule

Bitcoin has faced a lot of problems since its launch, and the most significant issue faced by Bitcoin has been finally resolved as China has lifted the cryptocurrency mining ban. The officials considered the uprooting the entire crypto industry...

Ketuan Zhan to take legal action against Bitmain for his removal from the company – Bitmain News

Last week Bitmain co-founder and Chairman Jihan Wu announced that he had dismissed all roles of Ketuan Zhan from Bitmain. Samson Mow, the CEO of Blockstream earlier today, shared an open letter that was sent by Ketuan Zhan to...

China will not eliminate bitcoin mining as an industry – Bitcoin Mining News

China's top economic planning agency (NDRC) had earlier categorized bitcoin mining as an industry to be barred from the country. The new Catalog for Guiding Industry Restructuring will take effect from Jan 1, 2020. Back in April od this year,...

Bitcoin time traveler cautions against heavy ecological damage, reveals largest bitcoin balances in 2025: Bitcoin News

The bitcoin time-traveler has once again come to light in the crypto world. Revealed as nothing more than a bitcoin bear, the prediction guru has now ascended its focus towards the harm cryptocurrency mining is imposing on the ecosystem. Taking...

BTC mining power drops as rainy season ends in China – Bitcoin Mining News

Bitcoin's seven-day average mining power dropped to around 90 exahashes per second (EH/s) since Oct. 24 as the rainy season ended in China. It was expected that the hashrate would go above the 100 EH/s threshold by the end...

Latest News

Bakkt officially launches Bitcoin Futures Exchange Products.

Bakkt has become the first exchange to launch the first regulated bitcoin options and cash-settled futures in the United...