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Is Chinese Bitcoin Mining Firm Canaan’s $400M IPO a Desperate Move?

November 12th, 2019|

Chinese bitcoin mining hardware maker, Canaan, plans to raise $400 million through public sale of its stocks. But will the IPO ride be smooth or bumpy?  Volatility is usual for bitcoin and crypto market participants.

6 Months Before Halving Signs Indicate Bitcoin Miners Are Hoarding

November 11th, 2019|

The great bitcoin reward halvings are coming and many newcomers have not experienced a halving event unless they joined the crypto community prior to 2016. A few speculators believe bitcoin miners and whales are hoarding

Do Bitcoin Miners Influence BTC Price Action?

November 11th, 2019|

Recent research has taken a closer look into bitcoin prices and miner flows to crypto exchanges. There have been clear spikes as expected when larger mining pools liquidate but the correlation is not as strong

Argo Blockchain Now Employs 7,000 Crypto Mining Machines

November 11th, 2019|

Argo Blockchain, increased the number of its crypto mining machines to 7,000, with plans to add additional 10,000 machines in 2020. Argo to Increase Crypto Mining Machines by 10,000 The crypto mining industry saw a

China Removes Bitcoin Mining From Unwanted Industries List

November 6th, 2019|

Inspired by its new fascination with blockchain, China now seems to have changed its mind about cryptocurrency mining. The latest version of a national macroeconomic plan indicates that the government in Beijing has given up

Bitcoin Mining is Not Banned in China: Report

November 6th, 2019|

All bitcoin and crypto market bullishness is emanating from China at the moment. One industry insider has just revealed that, contrary to earlier reports, China will not be banning bitcoin mining. No Bitcoin Mining Ban

Bitcoin Miners in Canada Uncover Green Energy Breakthrough

November 4th, 2019|

Canadian gas companies are using trapped natural gas to fuel Bitcoin mining, instead of simply having it flared to the atmosphere. Bitcoin mining is renowned for requiring a lot of resources, and with an increased

Bitmain Loses Bitcoin Mining Pool Dominance Amid Internal Issues

November 1st, 2019|

Antpool and have lost a bit of their old glory, significantly shrinking the share of Bitcoin block rewards on a daily and weekly basis. The BTC mining pools, headed by Bitmain, are still among

Mining Giant Bitmain Confidentially Files for U.S.-Based IPO

October 30th, 2019|

According to reports, bitcoin mining manufacturer Bitmain Technologies confidentially filed for a U.S.-based initial public offering (IPO) with the Securities and Exchange Commission. The news follows the alleged removal of cofounder and executive director Micree

Avalon Mining Rig Maker Canaan Files for $400M IPO on Nasdaq

October 29th, 2019|

Mining rig manufacturer Canaan has filed for an IPO with the U.S. Securities and Exchange Commission to raise $400 million on the Nasdaq Global Market. Prior to this filing, the company had also attempted to

Russian Bitcoin Miner Wants To Control 20 Percent of Global BTC Mining

October 29th, 2019|

Bitcoin mining will breathe new life in a closed Russian aluminum plant which lost access to American customers following the introduction of U.S. sanctions in April 2018. Russian Mining Company’s (RMC) Dmitry Marichinev wants to

Why Bitcoin Mining is Still a Very Lucrative Venture

October 29th, 2019|

Bitcoin prices are still extremely volatile and, as we saw at the weekend, experience wild swings in both directions. This trend is likely to continue until distribution evens out and is not as ‘top heavy’.

Stealth Miners on the BCH Network Attract Scrutiny

October 28th, 2019|

In roughly 17 days, the Bitcoin Cash network will upgrade by adding two new features to the protocol. Meanwhile, prior to the forthcoming changes, a large percentage of the BCH hashrate is being processed by