Bitmain


Finance

Bitmain Co-Founder Exits, Resolving Years-Long Power Struggle as Mining Firm Preps IPO

Bitmain co-founder Jihan Wu is stepping down from his role as part of a settlement.

Bitmain co-founder Jihan Wu

Markets

Bitcoin Mining Machine Shortage Worsens as Bitmain Sells Out Through August

Bitmain pre-sold over 3 months of inventory in December.

ASIC prices on secondary markets have surged amid manufacturer shortages

Markets

Marathon Patent Agrees to Buy 70K ASIC Miners From Bitmain for $170M

The announcement comes after a holiday weekend in which the price of bitcoin hit a succession of new all-time highs.

Mining facility

Markets

Riot Purchases Additional 15,000 Mining Machines From Bitmain

Riot has ordered over 31,000 machines from Bitmain this year.

Bitmain mining ASIC orders per month in 2020 by Riot

Finance

US Bitcoin Mining Firm Core Scientific to Triple Capacity With Massive 59,000-Machine Order

U.S. blockchain and AI infrastructure provider Core Scientific has expanded its fleet of state-of-the-art crypto miners to over 77,000.

Core Scientific's mining facility in Calvert City, Ky. (CoinDesk archives)

Markets

Secondary Mining Markets Surge Amid ASIC Manufacturing Delays

Miners are “scrambling” for any available machines as manufacturers stay sold out.

Aggregate weekly pricing estimates for ASIC miners on secondary markets

Markets

Riot Blockchain Mined 222 Bitcoins in Q3

Riot reported a current mining capacity of 556 petahash per second.

Bitcoins mined per quarter by Riot since Q2 2018

Markets

Marathon Purchases Additional 10,000 S-19 Pro Miners From Bitmain

This marks the second 10,000+ machine order from Marathon since August.

mining farm

Markets

Riot Buys 2,500 More Bitmain Miners in Latest Fleet Expansion

The publicly traded bitcoin miner aims to quadruple its current hashrate by mid-2021.

A crypto mining farm.

Markets

Canaan Shares Dipped Only 2% in Q3 in Fourth Straight Quarterly Drop

The Nasdaq-listed mining manufacturer dropped 2% in Q3.

Quarterly returns for shares of Canaan Creative since Q4 2019