The company acquired nearly 18,000 new ASICs in an all-stock transaction.
Marathon Brings New Rigs Online, Sees Becoming Cash Flow Positive
The company expects 1,000 more S19 machines by December.
Bitcoin’s Plunge Was Foreshadowed by Miner Inventory Data
Bitcoin’s recent price drop has caught many investors off guard. However, a key metric showing worry among the miners gave a warning several weeks ago.
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.