Bitmain to Release Dash Miner WiFi Router

The hashing power of the AntRouter is 300 M / s for Dash and 11.54 G / s for Siacoin
07 August 2018   761

Leading manufacturer of mining equipment Bitmain introduced the AntRouter R3 for the mining of Dash and Siacoin.

Bitmain AntRouter R3

It is noteworthy that the AntRouter R3 is not only a miner, but also an ordinary WiFi router.

The hashing power of the miner is 300 M / s for Dash and 11.54 G / s for Siacoin. The router weighs about 0.6 kg, and the price of one unit is only $ 58.

The company promised delivery within 10 days after full payment.

Bitmain to File IPO Application

The application was sent to Hong Kong Stock Exchange (HKEX)
27 September 2018   436

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