I Will Return to the Bitmain, - Micree Zhan

Co-founder of the company, who was layed off, wrote an open letter, in which he said everything's happened when he was on the business trip
07 November 2019   151

Bitmain co-founder Micree Zhan has promised to use legal tools to return to the company. He is disappointed with the betrayal of the partner, whom he called "brother", and is threatened with war.

Zhan said that he was not notified of the deprivation of authority, and that the seizure of power in the company occurred during one of his business trips. He also called himself the largest shareholder.

In his opinion, Bitmain will occupy 90% of the market for the production of miners. At the same time, the revenue of the unit focused on artificial intelligence can reach $ 14.3 million in 2019 and $ 143 million in the next, Zhan is sure.

Zhan's desire to increase investment in AI business was called one of the reasons for the corporate conflict with Jihan Wu. The latter accused the partner of “endless thirst for power” and “crazy ideas”.

Northern Bitcoin to Built Giant Mining Farm in Texas

Work on the site near Rockdale began this month and involves three phases, the first phase is going to be completed in Q1 2020
20 November 2019   72

The German company Northern Bitcoin has signed a merger agreement with the American company Whinstone US, which is building a 1 GW data center in Texas for the extraction of bitcoin.

Work on the site near Rockdale began this month and involves three phases. It is assumed that the first of them will be completed in the first quarter of 2020 and the capacity of the bitcoin farm will be 300 MW.

According to the plans, the data center will reach its maximum capacity of 1 GW at the end of the last stage at the end of next year. After completion of construction, the facility will occupy an area of ​​more than 40 hectares, which is equivalent to 57 football fields.

The data center will be the largest in North America. In addition to mining Bitcoin, its power is planned to be used for rendering video and artificial intelligence applications.

The companies intend to complete the merger at the beginning of 2020. Part of Whinstone's management will join Northern Bitcoin's management.