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Bitmain

Hong Kong (DALL-E/CoinDesk)
Finance
Hong kong
Hong Kong Firm With Ties to Bitmain Reorganizes to Focus on Crypto Asset Management and Hedging
Newly named Metalpha has its work cut out for it, hedging an uncertain market for institutional clients.
Hong Kong (DALL-E/CoinDesk)
By Eliza Gkritsi
Jan 10, 2023 at 1:55 a.m. UTC
Jan 10, 2023
Hong KongBitmainFinancial ServicesMiningBitcoin MiningBear marketExclusive
Core Scientific's Marble facility in North Carolina (Core Scientific)
Finance
Mining
Core Scientific to File for Bankruptcy, Continue Mining Through Process: Report
A source told CNBC that bankruptcy proceedings would not impact operations.
Core Scientific's Marble facility in North Carolina (Core Scientific)
By Sam Reynolds
Dec 21, 2022 at 6:30 a.m. UTC
Dec 21, 2022
MiningCore ScientificBitmainBitcoin
Paraguay's parliament (Eliza Gkritsi/CoinDesk)
Policy
Bitmain
Bitcoin Miners’ High Hopes for Latin America Dented by Paraguay
The industry’s potential in the region was touted at a conference in Cancun, Mexico, last month, but a crypto mining-friendly bill in Paraguay was shot down last week.
Paraguay's parliament (Eliza Gkritsi/CoinDesk)
By Eliza Gkritsi
Dec 14, 2022 at 1:52 p.m. UTC
Dec 14, 2022
BitmainParaguayRegulationBitcoin MiningMining CentersPolicyElectricitycontagion
TeraWulf restructured a previous deal to purchase miners from Bitmain (Christie Harkin/CoinDesk)
Finance
Terawulf
Bitcoin Mining Firm TeraWulf Raises $10M in New Capital to Repay Some of Its Debts
The Maryland-based mining company also said it has restructured a previous agreement with Bitmain to add 8,200 new machines to its fleet.
TeraWulf restructured a previous deal to purchase miners from Bitmain (Christie Harkin/CoinDesk)
By Jamie Crawley
Dec 12, 2022 at 3:03 p.m. UTC
Dec 12, 2022
TeraWulfBitmainBitcoin Mining
(Midjourney/CoinDesk)
Finance
Bitcoin mining
Binance to Launch Cloud Mining Business in November
The crypto exchange's hashrate pool is pushing into the troubled crypto mining industry.
(Midjourney/CoinDesk)
By Eliza Gkritsi
Oct 17, 2022 at 6:22 p.m. UTC
Oct 17, 2022
Bitcoin MiningBitmainBinancemining pool
Brand new and used bitcoin mining rigs at CleanSpark's site in Georgia. (Eliza Gkritsi/CoinDesk)
Finance
Bitcoin mining
A Huge Glut of Bitcoin Mining Rigs Is Sitting Unused in Boxes
The situation is further disrupting the economics of a sector already hit by low crypto prices and high energy costs.
Brand new and used bitcoin mining rigs at CleanSpark's site in Georgia. (Eliza Gkritsi/CoinDesk)
By Eliza Gkritsi
Oct 14, 2022 at 5:09 p.m. UTC
Oct 14, 2022
Bitcoin MiningMiningMining CentersASICsBitmain
Merkle Standard's mining facility in Washington. (Eliza Gkritsi/CoinDesk)
Finance
Bitmain
Bitcoin Miner Merkle Increases Hashrate by 900% in 8 Months
The miner currently has 140 megawatts of total computing power in its two facilities.
Merkle Standard's mining facility in Washington. (Eliza Gkritsi/CoinDesk)
By Aoyon Ashraf
Oct 3, 2022 at 3:08 p.m. UTC
Oct 3, 2022
BitmainMinersU.S.
Strike Raises $80M; Bitmain Founder Reportedly Setting Up $250M Fund for Distressed Bitcoin Mining Assets
Video
Kraken
Strike Raises $80M; Bitmain Founder Reportedly Setting Up $250M Fund for Distressed Bitcoin Mining Assets
Strike, a Chicago-based bitcoin payment provider run by crypto entrepreneur Jack Mallers, raised $80 million in a Series B funding round led by Ten31. Crypto billionaire Jihan...
Strike Raises $80M; Bitmain Founder Reportedly Setting Up $250M Fund for Distressed Bitcoin Mining Assets
By CoinDesk Staff
Sep 27, 2022 at 7:46 p.m. UTC
Sep 27, 2022
Krakencdtvaab clipChicagoCelsiusStrikeJack MallersBitmainFTX USJihan Wu
Bitmain Founder Reportedly Setting Up $250M Fund to Buy Distressed Bitcoin Mining Assets
Video
Cdtv
Bitmain Founder Reportedly Setting Up $250M Fund to Buy Distressed Bitcoin Mining Assets
Crypto billionaire Jihan Wu, the founder of bitcoin mining rig maker Bitmain, is setting up a $250 million fund to purchase distressed assets from mining firms, according to B...
Bitmain Founder Reportedly Setting Up $250M Fund to Buy Distressed Bitcoin Mining Assets
By CoinDesk Staff
Sep 27, 2022 at 5:38 p.m. UTC
Sep 27, 2022
cdtvHash clipBitcoin MiningBitmainBloombergJihan Wu
Bitmain co-founder Jihan Wu (CoinDesk)
Finance
Bitcoin mining
Bitmain Founder Jihan Wu Setting Up $250M Fund to Buy Distressed Bitcoin Mining Assets: Report
Wu's Bitdeer Technologies will initially invest $50 million and aims to raise another $200 million from outside investors.
Bitmain co-founder Jihan Wu (CoinDesk)
By Jamie Crawley
Sep 27, 2022 at 2:23 p.m. UTC
Sep 27, 2022
Bitcoin MiningJihan WuBitdeerBitmain