Bitmain was reportedly one of TSMC’s main customers two years ago, but then cut its orders significantly when the crypto bear market started. Now, TSMC is met with high demand for silicon to be used in cryptocurrency mining operations again, due to the ongoing crypto asset bull market. Still, the silicon manufacturer is said to be prioritizing stable demand from smartphone makers over crypto mining hardware manufacturers.
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U.S. firm buys 70,000 Bitcoin miners for $170 million
The order by crypto miner Marathon Patent Group is reportedly the largest order in dollar terms ever received by leading mining ASIC producer Bitmain
Following the delivery of the order of the application-specific integrated circuit (ASIC) mining rigs, Marathon Patent Group will reportedly control over 103,000 miners capable of producing 10.36 exahertz (EH/s).
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Washington state's Grand Coulee Dam—the largest hydroelectric producer in the U.S.—could soon be powering DMG's Bitcoin mining (Photo: U.S. Bureau of Reclamation)U.S. grants energy export license to crypto mining firm DMG
The license from the Department of Energy will allow the Canadian firm to mine crypto more profitably, cut into China’s mining dominance
According to an announcement, DMG Blockchain Solutions will leverage the license to acquire the cheapest electrical energy from within the U.S. and Canada to power its mining and computing efforts.
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Chain is capturing more blockchain and cryptocurrency investment at the expense of the U.S (Photo: CDC Group).Go East: Crypto funding shifting from US to China, report says
In 2015, just 2% of cryptocurrency and blockchain deals were for Chinese companies. Fast forward four years to 2019, and the figure soared to 22%
In it Blockchain Report 2020, CBInsights said 51% of deals in the industry were for US-based companies four years ago, while only 2% was earmarked for Chinese businesses. According to the latest figures, China’s share of deals is 22% in 2019, while America’s share dwindled to just 31%.
