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Chip Giant Intel Abandons Bitcoin ASIC Production

[Apr 19, 2023 4:00 AM] After announcing the production of bitcoin application-specific integrated circuits (ASICs), Intel, the world’s largest semiconductor chip manufacturer by revenue, appears to be abandoning its blockchain chip production. On Tuesday, a…

China Fines Bitmain $3.6 Million for Tax Violations, Report

[Apr 12, 2023 11:30 PM] Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto…

Cleanspark Purchases 45,000 Bitcoin Mining Devices, Adding 6.3 EH/s to Current Fleet

[Apr 11, 2023 2:00 PM] On Tuesday, the bitcoin mining company Cleanspark announced that it had purchased 45,000 Antminer S19 XP bitcoin mining devices for a total price of $144.9 million. Cleanspark stated that the new fleet would add 6.3 exahash per second (EH/s) of…

CleanSpark Buys $144.9M of Bitcoin Mining Rigs to Double Its Hashrate

[Apr 11, 2023 7:00 AM] The brand new Bitmain Antminer S19 XPs miners will be delivered by September.

Bitcoin mining firm Bitmain reportedly fined for tax violations in China

[Apr 11, 2023 3:54 AM] Bitmain has reportedly failed to pay personal income taxes in accordance with China’s laws on the administration of tax collection.

'Bad batch' or flawed design? Compass Mining flags problems with new ASIC miners

[Mar 9, 2023 6:51 PM] The Bitcoin mining company is stumped as to why Bitmain changed the design of the S19 Antminers.

Compass Mining Alerts Bitcoin Miners of Changes in Bitmain’s ASIC Design

[Mar 8, 2023 12:30 AM] Compass Mining, a bitcoin mining firm, published a blog post stating that Bitmain, the company behind the application-specific integrated circuit (ASIC) mining rig, has made changes to its design. The post advised miners to be aware of the changes…

CleanSpark boosts computing power by 37% with thousands of new Bitmain rigs

[Feb 17, 2023 11:21 AM] The Bitcoin miner announced the purchase of 20,000 new Antminer S19j Pro+ at a 25% discount, approximately $13.25 per terahash.

Cleanspark Boosts Bitcoin Mining Capacity With Acquisition of 20,000 Bitmain Rigs

[Feb 17, 2023 6:30 AM] Bitcoin mining operation Cleanspark has acquired 20,000 brand-new Bitmain mining rigs for $43.6 million, the company reported. Once installed, Cleanspark expects to increase its capacity by 37% by adding roughly 2.44 exahash per second (EH/s) to…

CleanSpark Acquires 20,000 Bitcoin Miners For New Facilities

[Feb 16, 2023 4:09 PM] The new miners will contribute to CleanSpark’s ongoing expansion, just as the Bitcoin market ramps up.CleanSpark Inc. has purchased 20,000 brand new Antminer S19j Pro+ units, the latest generation of Bitmain’s bitcoin mining machines, for $43.6…

Celsius bankruptcy judge authorizes the sale of $7.4M worth of Bitmain coupons

[Feb 16, 2023 10:30 AM] The judge’s ruling does not require Celsius debtors to sell the Bitmain coupons, but they would need the consent of the committee of unsecured creditors.

Iris Energy to nearly triple hashrate with estimated 44,000 new BTC miners

[Feb 13, 2023 7:30 PM] With the tough conditions that faced Bitcoin miners last year, Iris’ co-founder said the purchase was a “significant milestone” for the company.

Iris Energy Boosts Self-Mining Capacity With 4.4 EH/s of New Bitmain Bitcoin Mining Rigs

[Feb 13, 2023 5:30 PM] Bitcoin miner, Iris Energy, announced plans to increase the company’s self-mining capacity, from 2 exahash per second (EH/s) to approximately 5.5 EH/s, after it receives 4.4 EH/s of new Antminer S19j Pro miners from Bitmain. Iris Energy…

Bankrupt Celsius Aims to Raise $14.4 Million From Bitcoin Mining Rig Credits and Coupons

[Feb 11, 2023 5:30 AM] Defunct cryptocurrency lender Celsius aims to secure more than $14 million from credits and coupons backed by Bitmain, according to an interim CEO Christopher Ferraro in a bankruptcy court filing dated Feb. 9, 2023. Ferraro stated in the filing…

Cloud mining firm BitFuFu postpones merger with SPAC until May

[Feb 8, 2023 3:30 PM] Bitfufu's plans to go public have been delayed for the second time. The company is the cloud mining arm of Chinese mining giant Bitmain.

Rumor has it that Dogecoin could shift to proof-of-stake — What does that mean for miners?

[Jan 31, 2023 1:15 PM] Dogecoin shifting to proof-of-stake would be good for the environment, but what impact would it have on miners and ASIC manufacturers?

Core Scientific files motion to sell over $6M in Bitmain coupons

[Jan 28, 2023 2:16 PM] Some conditions applied to the coupons make them useless for Core Scientific's business, a court filing shows.

Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go

[Jan 28, 2023 1:30 AM] The crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport’s COO, Cynthia Wu, cited a “shift in the regulatory climate” and…

Challenging Year for Bitcoin Miners as Fewer BTC Mining Rigs Are Profitable at Current Prices

[Dec 31, 2022 1:00 PM] Bitcoin miners have had a challenging year as the network’s mining difficulty reached an all-time high and the spot market price of bitcoin dropped below the cost of production. Currently, with electricity costs at $0.07 per kilowatt-hour…

Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs

[Nov 30, 2022 2:30 PM] During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin miners. On Nov. 30, 2022, statistics show if miners paying for…

Crypto lender Matrixport seeks $100M funding despite lending crisis

[Nov 25, 2022 4:31 AM] Bitmain-backed crypto lender Matrixport is the other half of a new funding round targeting a $100 million raise.