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Bitmain Likely Lost $400 Million Last Quarter

Bitcoin mining behemoth Bitmain likely posted a net loss of nearly $400 million last quarter, the China-based firm’s recently-filed public offering documents reveal. Much information about the company is redacted in the public versions of those filing documents, but, according to a thorough analysis...

Mining Giant Bitmain Officially Filed for Its IPO

Chinese crypto mining giant Bitmain has filed a draft application for listing the company’s shares on the Hong Kong Stock Exchange (HKEX), according to an official application document published Wednesday, September 26. Bitmain has provided a draft application proof that is required for public listing...

Bitmain’s Permissionless Ventures Launches First Project

Cryptocurrency mining hardware giant, Bitmain, is sponsoring a Bitcoin Cash (BCH) hackathon in the United States — San Francisco, to be exact. For the China-based company, BCH Dev Con is the first project financed by its $50 million fund, Permissionless Ventures (PV). Arguably one of...

Vietnam Confirms Suspension of Bitcoin, Cryptocurrency Miner Imports

After months of deliberation, Vietnam has moved to halting imports of cryptocurrency mining equipment according to a customs department in the country. Domestic businesses and individuals have stopped importing crypto mining equipment altogether since the beginning of July, according to the Ho Chi Minh...

BITMAIN GOES WEST

Who would have imagined that cryptocurrency mining would be the key to making a former coal mining town in America great again? That’s exactly what is happening in Rockdale, Texas, a small Central Texas town of 5,861 that has endured economic troubles since the...