what's Bitmain?
Bitmain is a prominent manufacturer of application-specific integrated circuit (ASIC) miners, primarily known for its Antminer series optimized for Proof-of-Work cryptocurrencies like Bitcoin using the SHA-256 algorithm. The company provides hardware solutions ranging from consumer-grade to enterprise-scale miners, supporting efficient hashing with models boasting high terahash rates and low joules per terahash efficiency. Bitmain also operates Antpool, one of the largest mining pools, and offers related services like cloud mining.Antminers feature air-cooled, hydro-cooled, or immersion variants, with ongoing innovations in chip technology (e.g., 7nm, 5nm processes) to handle increasing network difficulty. The ecosystem includes firmware updates, monitoring tools, and global distribution, enabling miners worldwide to participate in decentralized network security.
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x.com/bitmaintechSlashed ASIC prices in response to collapsing miner margins.
The probe was triggered by devices operating near a U.S. military base, and a Senate Intelligence Committee report warns of "disturbing vulnerabilities" in the mining equipment.
DHS conducts months-long investigation named "Operation Red Sunset" examining whether mining machines can be remotely accessed or manipulated, with findings remaining undisclosed.
US government probes the company over national security concerns according to Bloomberg report.
$BTDR operates as a direct spinoff and receives bitcoin miners at cost pricing due to this corporate relationship.
Low hardware demand this cycle results in substantial ASIC inventory buildup as the company maintains TSMC allocations, raising questions about undisclosed network hashrate.
Former executives launch $1B crypto treasury targeting BNB investments, backed by YZi Labs.
First US factory groundbreaking planned for Q3 2025 in Texas or Florida, with ASIC production starting early 2026.
Operational capacity reaches 50 EH through publicly traded proxy CANG.
Major financing partner Antalpha completes $49.3M Nasdaq IPO at $329M valuation, revealing lower lending returns compared to competitors in bitcoin-backed loans to customers.
Manufacturing operations established in US to circumvent tariffs, indicating significant operational shift.
Launches new Bitcoin miner achieving 9.5 J/TH efficiency rating.
New partnership formed with American Bitcoin to supply mining hardware for large-scale US operations.