Bitmain releases new mining machine T21: computing power 190 TH/s, energy efficiency ratio 19 J/T

Phoenix Group Expands Bitcoin Mining Operations with $187 Million Bitmain Purchase

Abu Dhabi-based Phoenix Group is set to acquire $187 million worth of new Bitcoin mining rigs from Bitmain Technologies, following a $380 million deal with WhatsMiner. The move aims to significantly boost Phoenix's Bitcoin hashing power, positioning the company as a major global crypto miner. The strategic expansion aligns with the recent approval of a Bitcoin exchange-traded fund (ETF) by the SEC, anticipating potential industry growth. Despite competition and profitability challenges in Bitcoin mining, Phoenix Group's aggressive approach underscores its commitment to staying competitive in the evolving sector.

MurAll的演变：从Revo1t到Evolv3

Bitmain Freezes Employee Salaries Amidst Financial Turmoil

Bitmain has taken the step of suspending employee salaries, both performance-based and basic wages, in response to ongoing financial difficulties and setbacks in its mining operations.

Chinese Authority Charges Mining Firm Bitmain With Tax Violations

Tax authorities penalized Bitmain on April 4 for not paying personal income taxes under China’s tax collection and administration law.

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Morning Post - November 21

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Morning Post - October 21

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Morning Post - September 21

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Analysis: Bitmain clearly supports the hopes and difficulties of ETC's revival

Previously, it has been reported in the industry that Bitmain founder Ketuan Zhan intends to support Ethereum Classic.