Bitmain Launches Antminer L9 for Scrypt-Based Coin Mining

Bitmain Launches Antminer L9 With Enhanced 16 GH/s Capacity for Scrypt-Based Coins – Mining Bitcoin News

Bitmain has launched the Antminer L9, an ASIC miner optimized for Scrypt-based cryptocurrencies like Litecoin and Dogecoin, offering 16 GH/s in hashing power and an energy efficiency of 210 J/G. The Antminer L9 is ranked sixth in profitability on asicminervalue.com, with potential earnings of over $30 daily for miners.

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Bitfinex Launches Bitaxe Ultra, Utilizing Bitmain's BM1366 Chip

Bitfinex: Bitaxe Ultra is Pioneering Open-Source Bitcoin Mining Hardware – Crypto News BTC

Bitfinex launched the Bitaxe Ultra, an open-source ASIC miner using Bitmain's BM1366 chip, providing high efficiency and built-in Wi-Fi connectivity. The Bitaxe Ultra features transparency and community-driven improvements, promoting innovation and decentralization in the mining industry.

Tether Acquires Stake in Bitdeer, Founded by Bitmain Co-Founder

Tether buys $100m stake in Bitcoin miner Bitdeer, has option for another $50m

Tether Holdings acquired a $100 million stake in Bitdeer Technologies, with an option for another $50 million. Bitdeer Technologies, founded by Jihan Wu, co-founder of Bitmain, plans to utilize the funds for data center expansion and ASIC-based mining rig development.

Core Scientific to Buy 27,000 Bitmain Servers for $77M

Core Scientific will purchase 27,000 Bitmain servers for $77 million to strengthen its mining operations. The deal includes 24,000 S19 Pro and 3,000 S19j Pro machines, with delivery expected in Q1 2023.

Bitmain Launches Antminer L9, Revolutionizing Litecoin and Dogecoin Mining

Antminer L9 Arrives: A New Era of Litecoin And Dogecoin Mining

Bitmain has launched the Antminer L9, a mining rig capable of achieving a hash rate of up to 17.6 GH/s, optimized for energy-efficient operations. The new rig is expected to bring significant profits to miners, increase network hashrate, and enhance security in the Litecoin and Dogecoin networks.

Bitmain's Bitcoin Holdings Decrease

Bitmain is Hodling Nearly $600 Million in Bitcoin Cash

Bitmain has been liquidating its Bitcoin holdings, reducing its Bitcoin holdings from over 71,500 in Dec 2016 to about 22,000 in March 2018.

Bitmain Holds Nearly $600 Million in Bitcoin Cash

Bitmain holds nearly $600 million in Bitcoin Cash, representing over 5% of the current circulation and 12.5% of the moved Bitcoin Cash since the 2017 hard fork. The company acquired Bitcoin Cash through mining and ASIC sales, supporting the cryptocurrency despite a steep market downturn.

Bitmain Prepares for IPO, Expects $10 Billion in Revenue

Bitmain is gearing up to go public, potentially raising $18 billion in what could be one of the largest IPOs ever, with a market cap of $50 billion or more. The company expects to rake in more than $10 billion in revenue during 2018, up from $2.5 billion last year.

BITMAIN is involved in the design and manufacturing of cryptocurrency mining hardware and related products, self-described as a major player in the cryptocurrency space.

Since its foundation in 2013, BITMAIN is the world's leading manufacturer of digital currency mining servers through its brand ANTMINER, which has long maintained a global market share and leading position in technology, serving customers across over 100 countries and regions. 
Adhering to the core vision of 'creating a better digital world', BITMAIN not only cultivates mutually beneficial, long-lasting, sustainable relationships with a global customer base, but also provides superior hash-rate efficiency technologies. These technologies form the backbone of secure and stable hashrate infrastructure and comprehensive solutions, thereby contributing to the ongoing innovation and development of the web 3.0 era.

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