Bitmain Announces Next Gen 7nm ASIC Chip Amidst IPO Controversy
New 7nm semiconductor chip will significantly improve power efficiency in what the company hopes will boost ASIC sales following prolonged rig sales market slump. The release comes as company is accused of concealing poor sales and using false information to boost its valuation ahead of its planned IPO.
Bitmain Unveils Next-Generation ASIC Chip to Be Integrated into New Antminer Machines
Bitmain, the world’s leading manufacturer of ASIC chips and mining equipment, has announced its plans to launch an upgraded version of its chip. The new chip, as claimed, will deliver enhanced performance at a lower power consumption. Bitmain Dominant The world’s largest manufacturer of ASIC (Application Specific Integrated Chip) chips and cryptocurrency mining equipment, China-based...
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As Bitmain’s IPO date approaches, negative news involving the company could add up. The CEO of Bitmain, Jihan Wu, countered the pessimism by launching a brand new “algorithm acceleration chip.” Bitmain’s Anonymous Detractors After the news that Bitmain’s earnings over the course of Q2 didn’t turn out according to plan, someone who claims to be an insider and leaks collector created an anonymous Twitter account to disparage the company freely. The anonymous user’s frequent tweets have captured the
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