Argo Buys $500K-Worth of Zcash Miners as Bitcoin Revenue Shrivels

Argo has nearly doubled its mining capacity for zcash, possibly as it looks to diversify from bitcoin. The publicly listed mining firm has bought 750 Antminer Z11s, that specialize in the Equihash algorithm, for a total of $474,000. The rigs are now already in operation and were working at full capacity, Argo said in a […]

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Bitcoin Miner Maker Ebang Files for a $100M US IPO

Ebang International Holdings, one of the leading manufacturers of bitcoin mining equipment, is taking another stab at going public, this time farther from home and with a smaller fundraising target. The Hangzhou, China-based firm aims to raise up to $100 million from an initial public offering (IPO) in the U.S., according to an April 24 […]

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Bitcoin Miner Maker Ebang Files for a $100M US IPO

Ebang International Holdings, one of the leading manufacturers of bitcoin mining equipment, is taking another stab at going public, this time farther from home and with a smaller fundraising target. The Hangzhou, China-based firm aims to raise up to $100 million from an initial public offering (IPO) in the U.S., according to an April 24 […]

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Market Wrap: Crypto Mining Stock Hut 8 Jumps on Unusually High Trading Volume

Shares of cryptocurrency mining firm Hut 8 Mining Corp. (TSX:HUT) surged 32 percent with unusually high trading volume on the Toronto Stock Exchange Friday.  The huge, surprising bounce for the stock arrives after the firm warned earlier in April that coronavirus-related issues might hurt its business.  Like cryptocurrencies themselves, mining company stocks are prone to […]

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SBI, GMO to Rent Capacity at Massive Bitcoin Mine in Texas: Report

Potentially the world’s biggest bitcoin mine is said to have signed up two top corporate customers, SBI Holdings and GMO. The Japanese corporate giants will be renting mining capacity at the facility in Rockdale, Texas, recently put into construction by Whinstone Inc., according to Bloomberg sources. The firms are to begin mining “within coming months,” […]

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Founder of Bitmain Rival Held by Police Over Possible IP Dispute

Zuoxing Yang, founder and CEO of Shenzhen-based bitcoin miner maker MicroBT, is being held by local police to assist an investigation, CoinDesk has learned. The investigation is likely over allegations of intellectual property infringement by the firm related to the technology of its rival Beijing-based crypto mining giant Bitmain, according to one source close to […]

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Bitmain Ramps Up Power and Efficiency With New Bitcoin Mining Machine

Crypto mining giant Bitmain is launching two new models for its Antminer range of bitcoin mining devices, one of which is its most powerful yet. Announced Friday, the Antminer S17e has a hash rate (mining power) of 64 terahertz per second and a power efficiency of 45 joules per TH. The numbers compare favorably with […]

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Bitcoin Mining Farms Are Flourishing on the Ruins of Soviet Industry in Siberia

The Takeaway: Russia’s abandoned Soviet-era factories are enjoying a second life as cryptocurrency mining facilities. Siberia’s big hydropower plants (another legacy of the USSR) have lured miners with cheap electricity. The favorable energy prices and naturally cold climate are turning Siberia into an international mining hub with miners from Europe, Asia and the U.S. placing […]

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Polychain Leads $7 Million Round in Crypto Trading Desk Altonomy

Altonomy, a cryptocurrency trading desk, has closed a $7 million financing round from Polychain Capital. The company, founded by Ricky Li, is also funded by 7 Blocks. “As a liquidity provider for altcoins, more funding will allow us to have more inventory, taking larger exposure and managing risk more effectively,” said co-founder Li “We don’t […]

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