CEO Sky Mining May be Gone With $35M

Information about the incident was also transmitted to the local police
31 July 2018   1587

From accounts of the Vietnamese mining company Sky Mining $ 35 million disappeared. According to the Coindesk, the funds could be stolen by the CEO of Le Minh Tam, who disappeared without a trace about a week ago.

Before disappearing Tam wrote on Facebook that the profitability of his business fell along with the prices of cryptocurrency and asked investors to forgive "for everything". He also invited them to the company's office in Ho Chi Minh City to allegedly return the invested funds and officially declare bankruptcy.

However, the arriving investors found that the office was closed, and 600 devices for crypto currency export were exported to an unknown destination.

Vice Chairman of Sky Mining Le Minh Hie suggests that there could escape to the United States. He also said that the company formed a council to help the affected investors and assess the damage caused.

Information about the incident was also transmitted to the local police.

In April, the Vietnamese authorities launched an investigation into the company Modern Tech, which is suspected of fraud and misappropriation of 32 thousand ICO-investors for $ 660 million.

Bitmain's Antminer S19 & S19 Pro to be Available

Antminer S19 with a hash rate of 95 TH/s costs $ 2180, and Antminer S19 Pro with a hashrate of 110 TH/s is $ 2920
23 March 2020   305

Bitmain, the largest manufacturer of mining equipment, has announced the launch of sales of new Antminer S19 and S19 Pro devices.

So far, new equipment will be available only in China, but the Bitmain team has announced the imminent launch of international sales.

The price of Antminer S19 with a hash rate of 95 TH / s is $ 2,180, and the Antminer S19 Pro with a hashrate of 110 TH / s costs $ 2,920.

According to the iHodl portal, the first batch of miners has already been sold out and buyers should receive their devices from May 11 to May 20.