• Market Cap: $266b

  • Jun 03, 2023

SoftBank Denies Investing in Pre-IPO Bitmain

A SoftBank official has made clear that neither the SoftBank Group Corporation or the SoftBank Vision Fund were involved with Bitmain. 

Bitmain Introduces A Router That Mines For Cryptocurrencies

Bitmain’s latest innovation is the introduction of cryptocurrency mining routers. The two Bitmain routers have been named Antrouter R3-DASH and Antrouter R3-SIA.

Tencent and Softbank Invest in Bitmain as it gears up for IPO Launch

Bitmain has now been planning to launch an Initial Public Offering (IPO). Reportedly, investment giants Tencent and SoftBank are backing this idea. 

World's First Bitcoin Mining TV Launched By Chinese Blockchain Firm Canaan Creative

The TV set called AvalonMiner Inside set has a hash rate (computing rate) of 2.8 trillion hashes per second whereas the most powerful mining hardware my Canaan has a hash rate of 11 trillion hashes per second. 

Bitmain Q1 Profits Surge Past $1 Bn: IPO Expected Soon

Latest reports indicate that Bitmain, which made $1.1 Billion in the first quarter of this financial year, is all set to file for an IPO shortly. 

Sequoia Capital Helps Bitmain Raise $400 Million in Pre-IPO Funding

In what appears to be a pre-IPO funding, Bitmain has raised $400 Million - thanks to a major funding from Sequoia Capital. Bitmain is now worth $12 Billion.

Bitmain’s Jihan Wu Considers Launching an IPO in Hong Kong

Jihan Wu is looking forward to taking Bitmain beyond the crypto markets - and considering to launch an IPO in Hong Kong that will take the company public!

Nvidia Q1 Profit Soars By 145% - $289 Million Generated from Cryptocurrency Mining

Nvidia recorded a revenue of $3.21 Billion in Q1 2018. Out of these $3.21 Billion, $289 Million came from sales to those involved in cryptocurrency mining.

China’s Bitcoin Mining Hardware Firm Canaan Creative To Launch $1 Bn IPO in Hong Kong

China’s second largest cryptocurrency mining hardware manufacturer Canaan Creative is all set to launch an IPO in Hong Kong. The company intends to raise $1 Bn.

Zcash Foundation Labels the Need For ASIC Resistance an ‘Immediate Technical Priority’

Josh Cincinnati, Executive Director of the Zcash Foundation stated that improving ASIC resistance has become an immediate technical priority for the foundation!