Bitmain news

A developer and provider of mining hardware, such as Antminer.

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HyperBlock Takes Delivery of Next Generation Bitmain Servers and Places New Order for $2.9M Additional Next Generation Servers

/THIS RELEASE MAY OR MAY NOT BE SUITABLE FOR DISTRIBUTION OUTSIDE OF CANADA./ New Servers Set to Increase Computational Power at US Datacenter TORONTO, July 19, 2019 /CNW/ - HyperBlock Inc. ("HyperBlock" or the "Company") (CSE:HYPR) confirmed today that the first batch of a US $1.1M shipment of Bitmain's new 7nm Bitcoin mining servers has arrived on North American shores. HyperBlock expects to fully deploy the new servers this month, boosting its Bitcoin computational power and better positioning the Company for future growth and improved profitability. Additional Order for US $2.9M of 7nm Servers Placed HyperBlock Inc. also announced that it has placed an additional US $2.9M order with Bitmain for additional 7nm servers. The Company expects delivery to occur prior to calendar year-end and anticipates deployment of those servers to increase its datacenter hashrate, with significantly more efficient electricity consumption. Servers Financed by US $2M CEO Loan and Cash on-Hand The Company financed its new server investment through a US $2M loan from CEO Sean Walsh that was previously announced and completed in June 2019, along with cash on-hand from cryptocurrency mining operations and additional internal cash resources. In the meantime, normal operations continue at the Company's 20MW US datacenter, where it currently operates at an average electricity price below US $0.04 per kWh. Current power contracts are expected to be active into Q3 2022 and HyperBlock expects to continue to grow profitability as it focuses on replacing older Bitmain S9 servers with new, more efficient servers. Update on Audit StatusWhile the ...Full story available on

Bitcoin miner MGT Capital orders 1,100 S17 miners from Bitmain

CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourceMGT Capital Investments, a U.S. based bitcoin miner with operations at hosted facilities in Colorado and Ohio, today provided an update, noting that earlier this week, the company ordered 1,100 Bitmain S17 Antminers from Bitmain. Back in April 2019, Bitminer released the Antminer S17, a single-mode miner featuring its next-generation 7nm ASIC chip, BM1397. The […]

MGT Capital Orders 1,100 Next Generation Bitmain Miners

DURHAM, N.C., July 18, 2019 /PRNewswire/ -- MGT Capital Investments, Inc. (OTCQB:MGTI) today provided the following update to investors. On July 16, 2019, MGT ordered 1,100 Bitmain S17 Antminers from Bitmain, expected to ship from Malaysia in October 2019 without Chinese tariffs. Each miner is rated at a maximum 56 Th/s, allowing for over 60 Ph/s in computing strength. Each miner uses 2,860 W of electricity per hour, allowing for much greater efficiency compared to the Company's current inventory of Bitmain S9 miners. The total load capacity should slightly exceed 3.1 MW and is expected to be accommodated in LaFayette, GA. About MGT Capital Investments, Inc. MGT Capital Investments, Inc. (OTCQB:MGTI) is a U.S.- based Bitcoin miner with operations at hosted facilities in Colorado and Ohio. The Company has ...Full story available on

Bitmain Launches The First Accreditation Course For Miners, The Ant Training Academy

The mining market is certainly thriving in 2019. After a very hard year in which many miners left the market, this part of the crypto industry is taking off again as Bitcoin’ price is soaring above $10,000 USD. It is during this context that Bitmain, one of the largest crypto miner facturers in the world, […]
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Bitmain launches Ant Training Academy (ATA) with first accreditation course for miners

CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourceBitmain, a top 10 and China’s second-largest fabless chipmaker, has announced the initiation of the first cohort for the Ant Training Academy (ATA) which officially launches the industry’s first accreditation course for miner maintenance. “Until now, education around miner maintenance was limited to what industry participants could ‘hack’ together. The Ant Training Academy is part […]
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Own coins by JPMorgan and Mizuho Financial Group, concerns about the crypto adoption, Solidus Labs to beat crypto manipulation, Bitmain's novelty, yen as the most traded currency for BTC, Visa and Mastercard taxes update, Craig Wright's surprise and MEW crypto-to-fiat swap without KYC

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What does it take to be part of the next wave of Bitcoin Billionaires? Tim Draper answers

As crypto ecosystem consistently redefines its new peak in terms of adoption, fiat investors and new players are seeking opportunities to be a part of the next wave of Bitcoin Billionaires. One of the early birds, Tim Draper leads this space in terms of making sizable investments and returns in Bitcoin. Having complete faith in Bitcoin’s […] The post What does it take to be part of the next wave of Bitcoin Billionaires? Tim Draper answers appeared first on AMBCrypto.

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Reminder: Bakkt is Launching Bitcoin Futures in the Coming Day

Bakkt is Finally Here That’s right, Bakkt is finally here. After months upon months of deliberation, hype, and odd regulatory setbacks, the cryptocurrency venture that has been backed by the New York Stock Exchange, Microsoft, and Starbucks is launching. Starting Monday, July 22nd, the exchange will be testing physically delivered Bitcoin futures, which will be one of the first product of its kind to be regulated in U.S. markets. It is currently unclear who will be testing the product, or in which way the contract and custody solution will be tested. But, this development marks a huge step in the right direction for the cryptocurrency market. Bakkt confirmed the launch date for its testing period at a recent summit that was held in the New York Stock Exchange, whose chief executive is wed to the head of Bakkt. Per first-hand recounts of those in attendance, the cryptocurrency startup has also confirmed that it will be fully launching its Bitcoin futures product by the end of Q3, should nothing go wrong during testing of course. A Catalyst for Bitcoin & Crypto Growth In a recent Fundstrat Global Advisors research note posted to Twitter, Sam Doctor of the market research firm explained his thoughts on the conference. Citing the buzz being emanated by the over 150 investors and institutions in attendance, Doctor argues that there is “institutional anticipation” for the exchange’s Bitcoin futures. He expounded: “As we have written before, Bakkt tackles many of the barriers to adoption for traditional investors seeking to expand their mandate to include crypto.” Doctor adds that “appears to be a critical mass of adopters ready to come on board on Day 1 of the Bakkt launch”, noting that the firm’s sales team is starting to ramp up discussions with everyone from brokers and market makers. He thus confirms that should the hype translate into actual investment, the long-expected launch of the Bitcoin product, which will give many institutions their first taste of so-called “physical” BTC, could be a “huge” catalyst for the growth of this already budding market. Institutions Are Buzzing Per Placeholder’s Chris Burniske, the venture capitalist author of industry primer “Crypto Asset”, the overall feel of the room was rather bullish. He wrote the following, making the case that Wall Street has its eye on the cryptocurrency space once again. All in all, the @Bakkt event signals great things for #bitcoin and #crypto at large, even if I did miss some of the funk of OG days.— Chris Burniske (@cburniske) July 18, 2019 Title Image Courtesy of Samson Creative Via Unsplash The post Reminder: Bakkt is Launching Bitcoin Futures in the Coming Day appeared first on Ethereum World News.
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