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BIT Mining completes first closing in Bee Computing acquisition

Chinese crypto mining company BIT Mining announced the first closing of its acquisition of Bee Computing, a manufacturer of mining hardware. The Company issued 16,038,930 of its Class A ordinary shares to the selling shareholders, according to an announcement on Tuesday. “(We) are excited about the progress Bee Computing has made in developing and manufacturing cryptocurrency mining chips and machines,” said Xianfeng Yang, CEO of BIT Mining. Bee Computing produces both chips and machines for the mining of various cryptocurrencies, …

MicroBT unveils new series of Whatsminer bitcoin mining rigs

MicroBT announced its latest generation of bitcoin miners, the M50 series, which includes the M50, the M50s and the M53. MicroBT COO Jordan Chan said in a recorded message during the Bitcoin 2022 conference that the new miners are now ready for shipment. The new WhatsMiner M50S can produce up to 126 terahash per second (TH/s) at an efficiency of 26 joules per terahash (J/T) and the WhatsMiner M50 can achieve 114 TH/s at 29 J/T, according to the company’s …

Intel previews its second-generation ‘Blockscale’ bitcoin mining chip

Intel announced the launch of its second-generation bitcoin mining chip, dubbed the Blockscale ASIC. The tech giant said on Monday that the new chip will deliver more energy efficiency and will start shipping in the third quarter of 2022. Key features of the new chip include a dedicated secure Hash Algorithm-256 (SHA-256) ASIC processor, up to 580 GH/s hash rate operating, and up to 26 J/TH power efficiency, on-chip temperature and voltage-sensing capabilities, and support for up to 256 integrated …