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Bitmain Company Intelligence

May 9, 2022, 11:40AM EDT • 17 min read Quick Take Founded in 2013, Bitmain is a market-leading cryptocurrency mining hardware manufacturer (ASIC miners) known for its Antminer series  In early 2021, Bitmain resolved a year-long power dispute between the two co-founders – the settlement included Jihan’s resignation, key spin off announcements and investor share compensation related to company adjustments   Starting to focus more on water-cooling technology, Bitmain released a series of hydro-cooling products in 2022: Antminer S19 Pro+ Hyd., …

The Scoop Mining Report with Wolfie Zhao: Hodlers offload some mined bitcoin

In the last episode of the Mining Report, The Block’s Wolfie Zhao discussed the unprecedented growth of North American bitcoin mining companies in 2021 with massive equipment pre-orders and power capacity build-outs. Over the past few months, there have been several interesting developments in the crypto mining industry. The prices of graphic unit processors, commonly used for mining on Ethereum and other proof-of-working networks, have continued to slump, thanks in part to the overall crypto market downturn. Although Ethereum’s hashrate …

Bitcoin mining firm Marathon orders nearly $900M worth of new machines

Marathon Digital Holdings, a Nasdaq-listed bitcoin mining company based in Las Vegas, has ordered new machines worth $879.06 million. The order was announced last week, but its purchase price has been disclosed on Tuesday. The order includes 78,000 units of Bitmain’s Antminer S-19 XP mining machines, to be delivered through 2022. The dispatch is divided into six batches, with 13,000 units to be delivered each month from July to December 2022. Marathon will pay Bitmain in batches as well. “35% …