Is Bitmain The Next FTX? A New Report Shows Atrocious Finance For The Crypto Mining Giant

It is always raining uncertainty on the crypto landscape, but the issue with Bitmain, just like FTX, is one that crypto analysts saw coming. Of course, these analysts are students of the principles and criteria of valid inferences and demonstrations…

Bitmain $54 Million Investment in Core Scientific: A Game-Changer in the Blockchain Industry

Introduction In a groundbreaking move that solidifies its position as a leader in the digital currency mining sector, Bitmain has announced a staggering $54 million investment in Core Scientific, Inc. This strategic investment, coupled with a new supply contract, is…

Core Scientific seals $77M Bitmain deal for 27K Bitcoin mining rigs

The agreement, which was initially settled in August, involved Bitmain, a cryptocurrency mining hardware manufacturer with a global reputation for its innovative mining equipment, and Core Scientific, a crypto mining company facing bankruptcy due to a series of challenges. This…

Layer1, an American start-up raises $50 million from billionaire Peter Thiel for Bitcoin mining in Texas

Layer1, an American start-up plans to build a giant hub for Bitcoin mining in Texas. The company has raised $50 million from billionaire Peter Thiel.

is Bitmain Cashstrapped? Questions Rise after reports of Several Layoffs

Several reports indicate that popular crypto mining giant Bitmain could be cash-strapped. Co-founder of crypto-fund, Multi-coin capital, Kyle Samani appeared to indicate the same in his tweet, where he suggested that Bitmain looked set to liquidate some its crypto-assets in…

Bitmain Sues Hacker for Alleged Theft of over 5.5 million in Virtual Assets

Chinese based Bitcoin mining giant Bitmain, has sued an anonymous hacker for the alleged theft of 5.5 million worth of crypto from the mining company’s account back in April. The lawsuit was filed with the US District Court for the…