The shortage of new mining machines caused by the coronavirus outbreak could curb computing power growth from Chinese miners who contribute over 65% of Bitcoin’s hash power.
Coronavirus Controls in China Are Delaying Crypto Miner Deliveries, Firms Say
MicroBT and Canaan have notified customers they would be delaying ASIC deliveries due to the Chinese government’s quarantine of Wuhan following the coronavirus outbreak.
Bitmain Rival MicroBT’s Founder Arrested in China for Alleged Embezzlement
Yang Zuoxing, founder and CEO of Shenzhen-based bitcoin miner maker MicroBT, has been arrested for alleged embezzlement of about $15,000. The arrest, noted by the Shenzhen Nanshan District Prosecutor on Dec. 12 and reported by business publication Caixin on Sunday, comes amid ongoing battles between mining giant Bitmain and MicroBT, which has been a rising […]
Founder of Bitmain Rival Held by Police Over Possible IP Dispute
The founder and CEO of bitcoin miner maker MicroBT is being held by police. A source says it’s to assist an investigation over a business dispute.
MicroBT Expects $400 Million in Q3 as Bitcoin Miner Sales Surge
The maker of WhatsMiner bitcoin miners says it expects to have delivered 200,000 devices by the end of the quarter.