Bitmain


Markets

Hut 8 Reports $331M Net Income in 2024 While Expanding AI Infrastructure

The bitcoin miner held over 10,000 bitcoin at the end of last year.

ASIC miner (Credit: Shutterstock)

Finance

Bankrupt Bitcoin Miner Core Scientific to Buy 27K Bitmain Servers for $77M

The deal will see Bitmain receive $53.9 million worth of common CORZQ stock.

Core Scientific's Marble facility in North Carolina. (Core Scientific)

Finance

Bitmain, Anchorage Expected to Take Equity in Bitcoin Miner Core Scientific as Part of Bankruptcy Plan

The world's largest crypto mining machine maker is set to take a $54 million stake in Core Scientific as the miner emerges out of Chapter 11 proceedings.

Core Scientific facility in North Carolina. (Core Scientific)

Consensus Magazine

Amid Sanctions, Bitcoin Mining Machines Are ‘Flowing’ Into Russia, as Industry Thrives

Mining rig makers like Bitmain and MicroBT are expanding to Russia as the U.S. market becomes saturated, sources said.

(Egor Filin/Unsplash)

Finance

Bitcoin Miner CleanSpark Buys 12,500 Bitmain Machines for $40.5M

The company has been busy scooping up assets during the crypto bear market, but discounts may be slimming.

CleanSpark CEO Zach Bradford and Executive Chairman Matt Schultz (Eliza Gkritsi/CoinDesk)

Finance

Hong Kong Asset Manager Metalpha Secures $5M from Bitmain for Grayscale-Based Fund

Bitmain is the world's largest manufacturer of crypto mining rigs.

(Ruslan Bardash/Unsplash)

Tech

Bitcoin Mining Rig Maker MicroBT Unveils Most Powerful Machine Yet

The Chinese rig maker's new model can deliver 320 TH/s, outperforming competitor Bitmain's equivalent machine lineup.

Zuoxing Yang, Founder and CEO of MicroBT (MicroBT/Twitter)

Finance

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

The brand new Bitmain Antminer S19 XPs miners will be delivered by September.

CleanSpark's bitcoin mining facility in College Park, Georgia. (Eliza Gkritsi/CoinDesk)

Finance

Bitmain Partner BitFuFu Starts Marketplace for Crypto Mining Rig Coupons

The discount coupons issued last year haven't been used because miners don't have the cash to spend on new equipment.

Crypto mining rigs (Eliza Gkritsi/CoinDesk)

Policy

Judge Clears Celsius' Plan to Sell Bitmain Mining Coupons Worth Over $7M

The crypto lender must sell the vouchers before they expire to raise funds for the bankruptcy estate.

(Aitor Diago/Getty Images)