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World’s Top Crypto Miners Race to Roll Out Top-of-Line Machines Ahead of Bitcoin Halving

Two of the largest bitcoin mining equipment manufacturers are in a neck-and-neck race to roll out top-of-the-line machines ahead of bitcoin’s (BTC) halving event in less than three months, the Coindesk reported. On Thursday, Beijing-based mining giant Bitmain launched its latest AntMiner S19 and S19 Pro models, boasting computing power as high as 110 terahashes […]

GMO Internet Exits Bitcoin Miner Production After Recording ‘Extraordinary Loss’ in Q4

Japanese internet giant GMO Internet Group is quitting the Bitcoin mining hardware sector, Cointelegraph Japan reported Dec. 25 referencing a public document. Citing “extraordinary loss” in Q4 this year, GMO, which began its foray into Bitcoin mining in 2017, said that it will “no longer develop, manufacture and sell” miners. “After taking into consideration changes in the current business environment, the […]