• Market Cap: $280b

  • Aug 20, 2019

Mining Giant Bitmain Loses $625 Million in Two Months, Expects Q4 Turnaround

Bitmain, Chinese mining, and mining Application-specific Integrated Circuit (ASIC) manufacturer lost $625 million in Two Months, Expects Q4 Turnaround

Bitmain Intends to Set Up 200,000 Cryptocurrency Miners Worth $80 Million in China

Latest reports indicate that Bitmain plans to set up 200,000 cryptocurrency miners worth $80 Million across China. 

Bitmain Lost $500 Million in Q3 2018: IPO Filing Reveals

Bitmain lost $500 Million in Q3 2018 - the comapny's IPO filing to the Hong Kong Stock Exchange reveals.

Bitmain Introduces New Energy-Efficient BM1397 7nm Bitcoin Mining ASIC Chip

Bitmain has now introduced a new 7nm Bitcoin mining ASIC chip, which focuses on energy efficiency. 

Bitmain: 2018 and the Path Ahead

In a blog post yesterday, the company reflected upon how the fared in the year 2018 and what their plans for 2019 are.

Leading Chip Maker TSMC reports Significant drop in the Crypto Mining Revenue

Major Chip Manufacturer TSMC reports Significant drop in the Crypto Mining Revenue in 2018

Crypto Mining Revenues Took a Big Hit in 2018

Chip-maker TSMC becomes the latest name to be hit by the slowdown in the cryptocurrency mining business.

Bitmain Shutting Down Amsterdam Office, Pauses Texas Mining Operations

Bitmain will now be shutting down their Amsterdam office, and have reportedly paused their mining operations in Texas. 

Bitmain Reportedly Planning to Lay Off 50% of their Workforce

Following the yearlong slowdown in cryptocurrency prices, Bitmain is reportedly going to lay off 50% of their total workforce.

Bitmain IPO Faces a Final Hurdle: A Reluctant Hong Kong Stock Market Regulator

The Hong Kong regulator and the stock market operator raised concerns over allowing a cryptocurrency-related business to raise funds without proper regulations.