Page 11 - Bitmain Technologies News Today

Bitcoin mining company Riot Blockchain Inc (NASDAQ:RIOT) announced a milestone purchase for $138.5 million worth of mining equipment yesterday. What Happened: The company purchased 42,000 S19j Antminers from Bitmain Technologies Limited as part of a strategic initiative to increase its Bitcoin mining hash rate. Riot Blockchain estimates that once the Antminers are fully deployed, its hash rate will reach 7.7 exhash per second (EH/s). According to the company, this growth represents a 93% incr...

Bitcoin mining company Riot Blockchain Inc (NASDAQ: RIOT) announced a milestone purchase for $138.5 million worth of mining equipment yesterday. What Happened: The company purchased 42,000 S19j Antminers from Bitmain Technologies Limited as part of a strategic initiative to increase its... Read More... Dont Miss Any Updates! News Directly in Your Inbox Subscribe to:

Author Bio What happened Shares of Riot Blockchain (NASDAQ:RIOT) dipped 26.2% in March, according to data from S&P Global Market Intelligence. The stock surged thanks to momentum for the companys Bitcoin mining operation and strong pricing for the cryptocurrency. Riot published a business update on March 15, announcing that the company had mined 302 new Bitcoins in the fourth quarter. That update brought its total Bitcoin mining tally for the fiscal year to 1,005. The...

Taiwan Accuses Bitcoin Mining Giant Bitmain of Poaching Its Engineers Bitcoin mining company Bitmain Technologies is under investigation in Taiwan for allegedly running illegal R&D centers on the island. In brief Other Chinese companies are reportedly under investigation over luring Taiwanese tech talents. Chinese crypto mining rig manufacturer Bitmain Technologies has reportedly illegally poached at least 100 engineers in a bid to accelerate the development of proprietary artificial intelligen...

Crude oil exports from Saudi Arabia to China nearly doubled in size over the past year from 920,000 barrels per day to around 1.8 million barrels, CNBC reported in August. Needless to say, the financial impact from an attack on Saudi oil infrastructure will be more felt in China than in the U.S.... Read More...

China’s Inner Mongolia has banned cryptocurrency mining and declared it will shut all such projects by April, spurring fears the world’s No. 2 economy will take more steps to eradicate the power-hungry practice.

Read more about China declares war on cryptocurrency mining, stirring wider fear on Business Standard. Inner Mongolia plans to shut all such operations by April

The IPO fever whipping up animal spirits in the stock market has spilled over into the crypto-sphere. After watching investors pour millions into blank-check companies and seeing the likes of JFrog and Snowflake surge on market debuts, at least eight crypto firms are eyeing initial public offerings. Coinbase has filed. Other exchanges are laying out plans or looking to be acquired through special-acquisition vehicles. And two Bitcoin mining equipment firms in China are on IPO watch lists, acc...

IPO Mania | Eight crypto firms eye initial public offerings; investors worried about froth: Report There are concerns that IPOs are just as chronically frothy as the cryptocurrency, and together they may result in a market bubble. January 24, 2021 / 07:02 PM IST The red-hot IPO mart is likely to get hotter as after observing how investors turned around the fortunes of several blank-cheque companies and firms that made their market debuts, at least eight companies dealing in cryptocurrency a...

Source: Shutterstock Leading the way of the crypto mining stocks to buy is Riot Blockchain, which is based in Castle Rock, Colorado, and was founded in 2000. Its stock has a market capitalization of more than $1 billion. Its stock price surged from $1.49 in January 2020 to top $16 per share in late December 2020. The company is investing in its bitcoin mining business expansion heavily as it announced “an expected 65% increase in bitcoin mining hash rate capacity resulting from the purchase a...