BITMAIN

The company will become one of the largest Bitcoin mining farms in North America.

The co-founders are battling to take control of the hardware giant.

Twitter user @molllliy posted a translation of an announcement that allegedly originated from Micree Zhan regarding Jihan Wu

Micree Zhan, who has been attempting to regain footing at Bitmain for months, may have finally succeeded.

The mining company purchased a total of 3,040 miners, S19 Pro and S19 combined.

The firm will start ship the new miner later this month.

The company added a total of 2,040 Antminers and will deploy them by Q3 2020.

The mining company purchases next generation S19 Pro Antminers

The company will appeal over the decision of the bureau.

Bitmain's CEO reportedly blames the equipment failures on the company's ousted co-founder.

Micree Ketuan Zhan has launched a series of legal battles in the war to regain control over a Bitmain ...

If successful, the funding will put take the company’s current valuation of $114 million to $300 million.

The firm is also reportedly planning for a management shuffle.

The decision is to be finalized in its annual meeting scheduled for January 17.

The company is holding around 65 percent market share of Bitcoin mining devices.

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Its application to list its stocks in Hong Kong lapsed in March.

Zhan holds 37 percent of the company’s shares.

The capacity of the farm can be expanded to reach 300MW.

The first batch of its flagship miner is already sold out.

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