Miners


Markets

Chinese Bitcoin Miner Producer Ebang Is Launching an Offshore Exchange

Ebang, one of the major manufacturers of bitcoin mining equipment, hopes an exchange could double total revenue by 2022.

(Shutterstock)

Markets

Outflow of Bitcoin From Miners at Lows Not Seen Since 2010

Miner outflows of bitcoin have dropped to decade lows, with analysts saying a hoarding mentality and a drop in issuance after the halving are responsible.

dripping tap faucet

Markets

Miners Are Selling More of Their Bitcoin. That May Actually Be Bullish

The conventional wisdom could be challenged because miners mainly operate on cash, meaning they need to liquidate their holdings almost daily to fund the cost of mining.

"The Miner" by Constantin Meunier, 1904

Markets

Chinese Chip Maker With a Hand in Crypto Mining Plans $2.8B IPO

Hong Kong-listed SMIC plans to raise $2.8 billion via an initial public offering on the Shanghai Stock Exchange, in hopes of advancing its chip making practices. The company is working with Canaan Creative to build a new crypto miner.

China-based Semiconductor Manufacturing International Corporation (SMIC) aims to raise fresh capital in a bid to further develop its chip-making technologies. (Credit: Shutterstock)

Markets

Market Wrap: Bitcoin's Price Up 12% Since the Halving

Bitcoin has seen double-digit gains in price since the halving. Institutional investors doing more trading in crypto options on CME is a sign of continued interest.

Source: CoinDesk Bitcoin Price Index

Markets

Market Wrap: Some Miners Face an Uncertain Future Despite Rising Bitcoin Price

A slowly rising bitcoin price might not help some miners run profitable operations now that the halving is in the past.

Source: CoinDesk Bitcoin Price Index

Finance

CEO Says BlockFi Is Lending to Crypto Miners as Other Providers Pull Back

Crypto lending platform BlockFi has begun extending credit to miners as competition for their business has eased during the coronavirus crisis.

BlockFi CEO Zac Prince

Markets

Manufacturers Mark Down Bitcoin Miners as Price Drop, Halving Change Calculus

Last month’s bitcoin price crash has prompted manufacturers to sell their mining devices at discounts as steep as 20 percent ahead of the May halving.

Bitcoin miner image (CoinDesk archive)

Markets

Miners Are Selling More Bitcoin Than They Are Mining

While bitcoin looks set to prolong its recent bullish moves, those responsible for making new bitcoin have increased their selling.

miners, gold

Markets

Customized Crypto Options Seeing Record Demand From Funds, Miners, Says GSR

The Hong Kong-based firm is seeing soaring interest in its customizable options contracts amid high price volatility.

chart screen volatility