Antpool Added Siacoin Support

One of the largest mining pool now supports new token
19 January 2018   2971

AntPool, one of the largest crypto-currency mining pools, now supports the mining of the Siacoin token.

In parallel, Bitmain, which owns AntPool and is simultaneously the Chinese mining chips production giant, has released a new mining device called AntMiner A3. According to the Blockchain, at the time of publication on AntPool accounted for 18% of the hash-beat of the network bitcoin.

Siacoin is a personal lock token called Sia, developed by the Boston Nebulous blockchain start-up to support its decentralized cloud storage.

According to Bitmain, its new device, running at 815 GH / s, supports the hash algorithm of blake2b, which is also used for mining in the Siacoin blockbuster.

At the moment of press, these are the main market parameters of SC:

  • Average price: $0,053306
  • Market cap: $1 673 587 270 USD 
  • 24h volume: $116 155 000

Bitmain to File IPO Application

The application was sent to Hong Kong Stock Exchange (HKEX)
27 September 2018   420

The largest mining company Bitmain has submitted to the Hong Kong Stock Exchange (HKEX) listing application for an initial public offering (IPO), according to CoinDesk.

The application is a draft option, and some of its details, in particular the number of shares offered for sale and the immediate date of the IPO, are still in the process of editing.

Nevertheless, the document indicates that last year Bitmain's revenue was $ 2,517,719,000. This figure is higher than in 2016 ($ 277,612,000). As of June 30, 2018, the company's revenue was $ 2,845,467,000.

The application said that in 2017 the gross profit of the company was $ 1 212.7 million, which is also higher than in 2016 ($ 151,351,000).

Earlier, the head of Bitmain, Jihan Wu, expressed his indignation over the actions of the company's chief financial officer, who disclosed the figures for the first quarter 60 days after his end, and not after 90, as he had expected.

The media suggested that in the run-up to the IPO the publication of such information could have a negative effect on the company's investment attractiveness.

In addition, the document confirmed the media's information that Bitmain owns a 3% stake in Opera's Internet browser thanks to an investment of $ 50 million.

The application also indicates that the underwriters of the IPO are China International Capital Corporation Hong Kong Securities Limited, Commerce and Finance Law Offices, Maples and Calder LLP, KPMG and Frost & Sulliva