News with the tag "Bitmain"

U.S. crypto miners relying on Bitmain hardware are seeing shipment delays as customs officials increase scrutiny amid trade tensions. Crypto mining firms in the United States are facing delays in getting new equipment as customs officials tighten checks on shipments from Bitmain , the top supplier o...

The U.S. has added Sophgo Technologies, the AI chip firm owned by Bitmain co-founder Zhan Ketuan, to its trade blacklist. The U.S. has blacklisted Sophgo Technologies, the AI chip company founded by Bitmain co-founder Zhan Ketuan, over concerns its chips might end up in Huawei products, dodging sanc...

Bitmain-backed crypto mining firm BitFuFu has announced plans to expand into North America with the acquisition of a 51-MW Bitcoin mining facility in Oklahoma. Bitcoin ( BTC ) mining firm BitFuFu has announced plans to buy a majority stake in a mining facility in Oklahoma in a bid to expand its Nort...

Cloud mining bitcoin platform, BitFuFu has entered into a two-year agreement with Bitmain, to acquire up to 80,000 S-series mining rigs. The deal includes Bitmain’s latest S21 XP and S21 Pro models, which marks a major expansion for BitFuFu’s operations. According to the original press release , the...

BitFuFu Inc. has secured a two-year deal to buy up to 80,000 high-performance S-series Bitcoin miners from Bitmain, a leading crypto hardware maker, enabling BitFuFu to expand its mining capacity and cloud services as it targets 1 GW of mining power by 2026. BitFuFu Inc. a key player in Bitcoin mini...

Singapore-based cloud Bitcoin miner BitFuFu has announced a landmark agreement with mining hardware giant Bitmain to purchase 80,000 cutting-edge Bitcoin miners over the next two years. This strategic move, revealed on January 2, highlights the evolving collaboration between the two companies and Bi...

The cloud mining firm will be buying the latest Bitmain S-series miners, including the higher hashrate S21 XP and S21 Pro models.

Nasdaq-listed Bitcoin mining firm BitFuFu Inc. has signed an agreement with BITMAIN, a manufacturer of digital asset mining hardware, to acquire up to 80,000 S-series miners. We've signed a 2-year deal with BITMAIN to acquire up to 80,000 state-of-the-art miners. Flexible orders and payment terms he...

Cango Inc., a Shanghai-based automotive transaction service platform, announced that it had completed the $256M cash-settled acquisition of on-rack crypto mining machines with 32 EH/s of hashrate from Bitmain. The company had previously announced this acquisition on November 6, together with the pro...

China-based Bitcoin mining hardware giant Bitmain has announced the expansion of its production operations to the United States in a strategic effort to streamline supply chains and cater to North American customers. This development comes as trade tensions between the U.S. and China escalate , thre...