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Bitmain releases new Antminer S21 Pro

At the WDMS 2024 conference, Bitmain announced the launch of the Antminer S21 Pro with a hashrate of 234T and an energy efficiency ratio of 15.0J/T.

Bitmain signed an order with mining company Wukong Technology for 10,000 S21 mining machines, worth approximately US$54 million.

Bitmain has signed a contract with Wukong Technology Limited HK, a Bitcoin mining company, for an order of 10,000 S21 mining machines, with a value of approximately 54 million US dollars.

The BitFufu SPAC merger document has been approved by the US SEC and plans to be listed on Nasdaq under the stock code "FUFU"

It was announced that BitFuFu, a Bitcoin mining company belonging to Bitmain, has made progress in its merger with a special purpose acquisition company (SPAC) for listing. It is reported that the company submitted the F-4 form to the US Securities and Exchange Commission (SEC) as a foreign private entity for the SPAC merger transaction on December 31, 2023. On Wednesday of this week, the SEC announced that the document was effective. According to the document, BitFuFu plans to go public on the NASDAQ stock exchange with the stock code "FUFU" after completing its business merger with Arisz Acquisition Corp.

Bitmain and BTC Digital signed a purchase agreement for 2,000 T21 mining machines, with a total amount of US$5.32 million.

Bitmain has signed an agreement with Bitcoin mining company BTC Digital to sell 2,000 T21 mining machines for a total of $5.32 million. The related equipment is expected to be delivered and put into operation in the first half of 2024. It is reported that BTC Digital plans to deploy these high-performance mining machines in the United States. After the deployment is completed, the company will have a total of 4,174 mining machines and a total computing power of 614PH/s.

Bitmain releases new T21 Antminer

Bitmain has released a new T21 Antminer with a hash rate of 190T and an energy efficiency ratio of 19J/T. In addition, the company has also launched an optional Bitcoin price downside protection plan, where customers will receive compensation if the Bitcoin price falls below the exercise price during the protection period.

Bitmain Plans to Launch Aleo Antminer

"Antminer ANTMINER" announced that Bitmain plans to launch Aleo Antminer. Aleo uses ZKP technology and is a full-stack programmable blockchain privacy network.

Bitmain fired three employees who "revealed information about salary arrears"

Bitmain officially released an internal disciplinary notice, deciding to dismiss three employees who violated the rules by posting information about salary distribution on social networking platforms such as Maimai, and they will never be rehired. At the same time, the company has reported its disciplinary opinions to the school where the interns involved are located, and reserves the right to pursue other legal responsibilities of all involved personnel. In the notice, Bitmain once again emphasized its "Regulations on External Information Disclosure Management", and emphasized that employees must not disclose any company information without authorization. Previously, it was reported that Bitmain had already issued the delayed September salaries on October 8th. Earlier news showed that an internal email from Bitmain indicated that the company's operating cash flow for September had not yet turned positive, especially with the serious lag in the progress of some mines. EMT decided to suspend the payment of partial salaries to all employees in September and will consider issuing them after the holiday on October 7th depending on the situation.
Bitmain fired three employees who "revealed information about salary arrears"

Bitmain Pauses Employee Salary Payments and Cuts Bonuses and Incentives

Bitmain, a Bitcoin ASIC manufacturer, has reportedly halted employee salary payments for September and beyond, as well as cutting bonuses and incentives. The company allegedly has not paid remuneration due since last month and employees face a 50% cut to their base salary. Bitmain has cited a lack of net positive cash flow, particularly in new ASIC orders, as the reason for the pause in salary payments. Bitmain is one of the world's largest Bitcoin mining ASIC manufacturers, with an estimated 70% market share during its peak.

Bankrupt Miner Core Scientific To Purchase 27,000 Bitcoin Mining Servers From Bitmain for $77 Million

Bankrupt miner Core Scientific has announced its plans to purchase 27,000 bitcoin mining servers from Bitmain for $23.1 million in cash and $53.9 million in common stock. The deal was previously mentioned in Core Scientific's bankruptcy plan, with Anchorage Digital also potentially taking equity in the company.

Bitmain Launches S21 Mining Machine With Energy Efficiency Ratio of 1XJ/T, Priced at US$14/T

2023 Global Digital Mining Summit (WDMS) was held in Hong Kong today. Bitmain released the world's first water-cooled mining machine, ANTMINER S21, with an energy efficiency ratio of 1XJ/T. There are two configurations available: S21 Hyd, with a computing power of 335T and an energy efficiency ratio of 16J/T, which can be used at a temperature below 40 degrees Celsius and has a maximum temperature of 40°-45°; S21, with a computing power of 200T and an energy efficiency ratio of 17.5J/T, which can withstand a temperature of 45 degrees Celsius. The official website stated that if you make a reservation before October 7th, the price is $14/T, and after October 8th, the price is $19.6/T.