Bitcoin Miner Bitmain Faces Regulatory Crossfire
TSMC stopped chip shipments to Xiamen Sophgo, linked to Bitmain’s Micree Zhan, amid a U.S. sanctions probe involving Huawei. Taiwan Semiconductors Manufacturing Company (TSMC) allegedly blocked chip shipments to Xiamen Sophgo, a Chinese semiconductor company associated with Micree Zhan, the co-founder and chairman of Bitmain. This happens in the midst of an ongoing investigation by […]
Former Bitmain CEO Jihan Wu To Take Over as Bitdeer CEO in March
Former Bitmain CEO Jihan Wu will assume the CEO role at cryptocurrency mining firm Bitdeer starting on March 1, 2023. Bitdeer announced on January 29 that, effective March 1, Wu would transition from chair of the firm’s board of directors to chief executive officer. Following his 2013 co-foundation with Micree Zhan at mining chip manufacturer […]
Cipher Mining Company Buys 37K Bitmain Antminers for $99.5M
Publicly-traded Bitcoin mining company Cipher Mining (CIFR) has recently acquired 37,000 Bitcoin mining devices, expected to deliver 7.1 EH/s of self-mining capacity by the first half of 2025. On December 18, the Chinese cryptocurrency mining behemoth Bitmain announced a new agreement with Cipher to purchase 37,396 Antminer T21 miners. According to the announcement, the expected […]
Iris Energy to Acquire $22M Bitmain T21 Mining Rig to Increase Hash Rate in 2024
By acquiring new Bitmain T21 mining rigs worth $22M, renewable Bitcoin mining company Iris Energy plans to increase its total hash rate to 10 exahash per second (EH/s) in 2024. Deliveries of an additional 1.6EH/s of Bitmain T21 miners are scheduled for the second quarter of 2024, the company disclosed. As of December 2023, the […]
Bitfarms to Purchase Bitmain’s BTC Miners for $95.5m
Bitmain has received an order for 35,888 Antminer T21 Bitcoin mining equipment from Bitfarms, with each unit costing $2,660. The statement states that the transaction will involve roughly $95.5 million. Delivery of the equipment is scheduled for March–May 2024, furthermore, Bitfarms has also been granted the option to buy an extra 28,000 Antminer T21. In […]