Bitmain - AllStocks Network

DMG Blockchain Announces New Big Client While Ending Partnership with Bitmain

Posted on January 12, 2020January 12, 2020 by Julie Williams

The Canada-based blockchain and crypto company, DMG Blockchain Solutions Inc. (formerly known as Aim Explorations Ltd.) has announced the addition of another major client, but also the termination of the partnership with the world’s largest crypto mining chip maker, Bitmain. Filled with joy for the new big partnership formed and also sour about the end of the collaboration with Bitmain, DMG released a press release to share the good news with its clients and the…

Bitmain’s Deposed CEO Micree Zhan Takes Power Struggle to the Courtroom

Posted on January 6, 2020January 6, 2020 by Julie Williams

Micree Zhan, the former executive director of Bitmain Technologies Ltd., is yet poised to achieve his goal of ‘restoring order’ in the crypto mining firm. Standing adamantly by his social media post in November last year – when the news of his ousting came out – Zhan is ready to give war to whoever wants war. “If someone wants war, we’ll give them war,” he posted at the time. And the war just got fiercer….

Arrested Founder of Bitmain’s Rival MicroBT Is Accused of Embezzlement

Posted on December 17, 2019December 17, 2019 by Julie Williams

The drama in the crypto mining arena just got a lot more intense and interesting as the founder of Bitmain’s top rival firm MicroBT is currently still in the Chinese police custody. The suspect, who was reportedly nabbed by the police at the end of October this year, happens to be one of Bitmain’s ex-employees. Yang Zuoxing was one of Bitmain’s finest chip designer at a time, and he is lauded for his role in…

Wu Jihan Takes Full Control of Crypto Mining Manufacturer Bitmain After Ousting Co-CEO

Posted on December 12, 2019December 12, 2019 by Rehan Yousaf

Just weeks after announcing the departure of the company’s co-founder, Micree Zhan, Bitmain’s chief executive officer Wu Jihan has taken full control of crypto mining equipment manufacturer. Jihan held a private client meeting last weekend for the first time since Micree Zhan left and addressed Bitmain’s executives regarding the company’s future. Bitman’s executives including Jihan discussed all sorts of initiatives that the company is working on in order to attract more customers at the event….

Bitmain Introduces S17+ and T17+ Antminers: More Efficiency, More Hashrate

Posted on November 29, 2019November 29, 2019 by Rehan Yousaf

The China-based crypto mining hardware manufacturer, Bitmain, was one of the highlights of the World Digital Mining Summit held in Frankfurt, Germany last month. The company introduced two flagship miners called Antminers T17+ and S17+. The two cryptocurrency miners were introduced to the audience by the co-founder of Bitmain, Jihan Wu. The latest backend of the miners focuses on making massive improvements in terms of energy efficiency and processing power, even better than the S17e…

CEO of Chinese Mining Firm MicroBT Is Arrested After Bitmain’s Infringement Allegations

Posted on November 10, 2019November 10, 2019 by Rehan Yousaf

China’s Shenzhen Police has arrested Zuoxing Yang, known as the CEO and founder of MicroBT, a Bitcoin(BTC)trade mining equipment manufacturer based in China. According to the city police, Mr. Yang has been held to assist the investigators regarding a dispute between MicroBT and Bitmain in which the latter accuses the former of exercising intellectual property infringement. MicroBT is a technology company which is focused on different developments related to blockchain and artificial intelligence. It especially…

Crypto Mining Manufacturer Bitmain Files for IPO With the US SEC

Posted on October 31, 2019October 31, 2019 by Julie Williams

News making rounds suggest that the China-based Bitcoin mining giant, Bitmain Technologies, has resolved to seek an initial public offering (IPO) from the United States Securities and Exchange Commission (SEC). The crypto community woke up to the news of the secret IPO listing with the SEC on October 30 after prior rumors. According to a report by local news website Tencent News, the Bitcoin mining hardware manufacturer decided to let go of the Hong Kong…

Chinese Crypto Mining Giant Bitmain Discards Co-Founder and Executive Director Micree Zhan

Posted on October 29, 2019October 29, 2019 by Rehan Yousaf

The Beijing-based cryptocurrency mining manufacturing company, Bitmain, has undergone corporate reshuffling as the co-founder and executive director Micree Ketuan Zhan has been removed. The information was released by an internal email sent to the staff and reported on the Chinese media. Chinese news outlets report that another co-founder of the company, Jihan Wu, sent an email to the staff with the subject “Important Notice.” The email was sent on Tuesday around noon and the contents…

Bitmain Builds the Largest Crypto Mining Farm Globally in Rockdale, Texas

Posted on October 24, 2019October 24, 2019 by Julie Williams

Back on its feet, the world’s largest crypto chip maker Bitmain has made good of its promise to the people of Rockdale, Texas, and the global crypto community at large. You will recall the chip maker promised to create a crypto mining farm in Rockdale last year. Just when hopes were running high and Texas locals were looking forward to the positive influence of such a huge project, the hammer came falling. The crypto community…

Bitmain to Hook Up Crypto Miners with Low-Cost Mining Destination

Posted on October 1, 2019October 1, 2019 by Julie Williams

Bitmain, one of the biggest players in the crypto mining industry, announced on Thursday its intention to help hook up crypto miners with suitable mining shops across the globe. You will recall that the cryptocurrency mining firm is yet to regain its glory that the crypto winter of 2018 took from it. As one of the biggest mining chip makers, Bitmain suffered a huge loss last year when the price of Bitcoin(BTC)trade and other digital…

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