Blockcstream May Buy Mining Equipment From Innosilicon

Total capacity of the hypothetical mining center by BlockstreamĀ can reach 80 PH / s.
01 August 2018   428

Blockstream, has imported a large number of mining devices from Innosilicon, China to the United States. Four containers containing 62 trays labeled "TI" were shipped from Hong Kong and arrived on July 26, 2018 at the port of Newark, New Jersey. This is written by Bitcoin.com.

The inscription "TI", most likely, stands for "Terminator from Innosilicon" - ASIC-device for SHA-256 algorithm mining, the latest version of which is sold for 1 118$. If there are 72 mining devices on each of these pallets, it means that Blockstream has in total bought 4,650 "terminators" with a total value of 5.2 million dollars. The company has not yet reported that it plans to open a new mining center, but such a large order hints at a similar development of events. The standard hashrate of terminator is 17.2 TH / s, so the total capacity of the hypothetical mining center can reach 80 PH / s.

Blockstream was founded by Adam Beck, who is still its CEO, Gregory Maxwell, Peter Vulle and others in 2014. It is known mainly for developing practical applications for the Lightning Network.

Innosilicon is, according to the description on the company's website, a manufacturer of low-cost, high-performance and fully customized solutions. The company produces devices like tablets, mobile phones, televisions, cameras, network equipment and so on.

Bitmain to File IPO Application

The application was sentĀ to Hong Kong Stock Exchange (HKEX)
27 September 2018   438

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