Bitmain to Develop Ethereum ASIC Miner

Largest mining equipment manufacter is working on the completely new device
16 February 2018   1221

The world's largest producer of mining equipment Bitmain is working on the creation of Antminer F3 - ASIC-miner for the second largest capitalization of crypto currency Ethereum. This is reported by IBTimes referring to local technology publications. This is reported by Ib Times.

As the source notes, Antminer F3 will be equipped with three motherboards in each of which will be installed on six devices for the Ethereum mining. Each board will have 32 DDR3 RAM modules with a capacity of 1 GB. According to a number of sources, the hash of the device will be 200-220 MH / s, but with the specified specifications, this figure can be expected to be higher

It is assumed that the production of new equipment for the production of ETH will begin at the end of this month. In the world market the novelty will appear approximately in II-III quarter of this year. The price of Antminer F3 will be set at $ 2500- $ 3000.

Bitmain to File IPO Application

The application was sent to Hong Kong Stock Exchange (HKEX)
27 September 2018   400

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