Canaan Creative, one of the biggest cryptocurrency mining equipment manufacturers in China, has closed a new funding round. Securities Times, a Chinese financial news publication, reported Monday that the company, known…
Tag: mining
Mining Pool Splits $300K Ether Fee With Accidental Sender – CoinDesk
Ethereum mining pool Sparkpool has located and verified the accidental sender of an unusually high miners’ fee and agreed to split the amount. In a statement provided to CoinDesk,…
Ex-Bitmain Bitcoin Cash Staffers Form Startup to Lend and Trade Crypto – CoinDesk
Former employees of cryptocurrency mining and manufacturing giant Bitmain who focused on bitcoin cash development are planning a new startup that will offer crypto financing-related services, CoinDesk has learned….
Bitcoin Miners Are Investing Again, Expecting a Cheap Power Boom Soon – CoinDesk
Bitcoin miners in China are buying used equipment and making deals with mining farms and hydroelectric plants, betting abundant water this summer will make their businesses profitable again. That’s…
Ethereum Mining Pool Receives Mysterious $300K Blockchain Payout – CoinDesk
Ethereum mining pool Sparkpool received a payout of over 2,000 ETH (worth $300,000) just for mining one block on the ethereum blockchain Tuesday – a figure that’s about 600…
Mining Giant Bitmain Posts $500 Million Loss in IPO Financial Filing – CoinDesk
Mining hardware giant Bitmain lost about $500 million in the third quarter of 2018 amid an overall bearish market for cryptocurrency, CoinDesk has learned. The Beijing-based company recently provided…
Bitmain Announces New, More Efficient 7nm Bitcoin Mining Chip – CoinDesk
Bitmain Technologies has announced a new 7-nanometer bitcoin mining processor that it says offers new levels of energy efficiency. The new ASIC (application-specific integrated circuit), called the BM1397, is…
Co-Founder Quits Avalon Mining Chip Maker Canaan Over ‘Differences’ – CoinDesk
One of the three co-founders of Canaan Creative, maker of the Avalon cryptocurrency mining equipment, has stepped down from the Chinese company’s leadership. According to government business registration data…
Nvidia Says Q4 Crypto Miner Demand Was as Weak as Expected – CoinDesk
Nvidia had more disappointing news for investors Monday, but for once the cryptocurrency mining slump was not directly to blame. In updated guidance released Monday, the graphics card manufacturer…
Bankrupt Bitcoin Miner Giga Watt Forced to Cease Daily Operations – CoinDesk
Bankrupt U.S.-based bitcoin mining firm Giga Watt has been forced to shut down day-to-day operations. The firm sent an email to customers on Tuesday, a copy of which was…