Latest news with #Bitmain
Time Business News
4 days ago
- Business
- Time Business News
DL Mining aims to help millions of users profit from cloud mining
In 2025, the cryptocurrency market is expected to usher in a new round of changes. At the same time, the cloud mining platform DL Mining is becoming a new channel for ordinary people to make money with its disruptive model of 'zero equipment and zero threshold'. The platform was even called 'a mining dark horse that earns $6,666 a day' by the French media. This article will analyze the logic and opportunities behind this phenomenon. Why DL Mining is the first choice for cloud mining Founded in 2014 and headquartered in Stirling, DL Mining has quickly emerged as a leader in the cloud mining industry. With over 6 million users worldwide, the company operates over 100 large-scale mining farms, contributing over 5% of the world's computing power. Platform Highlights Environmentally friendly mining: powered by clean energy and AI optimization. Industry-leading hardware: using cutting-edge mining machines from Bitmain and Microbit for optimal performance. Legally registered: operating in accordance with UK regulations and with global credibility. 24/7 support: real-time help for any questions. Multiple cryptocurrency support: accepts payment networks such as LTC, BTC, ETC, DOGE, USDT, USDC, SOL, XRP, etc. Suitable for beginners: easy-to-use interface, anyone can get started. Daily rewards: income is paid every 24 hours; automatically sent to the user's account and can be withdrawn at any time. Referral bonus: recommend friends to register for investment to get a permanent 5% investment reward, or earn up to $15,000 through the affiliate program. Start mining with DL Create an account: Users receive a $15 registration investment and receive $0.6 per day through free computing power contracts. Choose a mining plan: Flexible contracts are suitable for investors of all levels. Start earning money every day: The platform mines on behalf of users, while users enjoy the rewards of passive income. Start making money daily: the platform mines on behalf of users, while users enjoy the rewards of passive income. Popular Mining Plans Starter Plan: Invest $100, earn a total of $107.5 Pro Plan: Invest $500, earn $533 Advanced Plan: Invest $3,000, earn $3,675 Premium Plan: Invest $5,000, earn $7,400 Super Plan: Invest $10,000, earn $16,475 Here is an example For someone who invests $10,000 in BTC (Classic Cloud), a 37-day contract worth $10,000 provides a daily return of 1.7%. Daily passive income: $10,000 × 1.75% = $175. After 37 days: $10,000 + ($175 × 37) = $16,475. The platform provides a variety of stable contracts, please refer to the DL Mining official website for details. Global regulatory endorsement: With the UK FCA license and US MSB compliance certification, the funds are managed by HSBC, and user assets are protected by multiple laws. Asset security: 95% of the funds are stored in offline cold wallets, using Fireblocks institutional-level encryption technology, with no security incident records for two consecutive years. Multi-currency hedging strategy: Supports dispersing income to stablecoins such as USDT, or locking in long-term income through XRP Staking to reduce the risk of single currency fluctuations. DL Mining has reshaped the rules of cryptocurrency mining with 'zero cost, high flexibility, and strong compliance', opening up a path to wealth for ordinary people. In 2025, will investors continue to stick to traditional wallets or embrace the cloud mining revolution? The answer may lie in how each user allocates computing power reasonably. For more details, please visit or download app get $5. TIME BUSINESS NEWS
Yahoo
30-07-2025
- Business
- Yahoo
Bitmain Plans Its First U.S. Crypto Mining Facility: Bloomberg
Bitmain, one of the largest producers of crypto mining hardware, is set to open its first facility in the U.S. over the next few months, Bloomberg reported, citing the company's global business chief, Irene Gao The maker of Antminer rigs, which currently manufacturers across southeast Asia, plans to set up a U.S. base and assembly line in Texas or Florida. Production is expected to begin in early 2026, with hiring already underway for 250 local workers. The move comes roughly a year after President Donald Trump called for all remaining bitcoin to be 'made in the U.S.' Bitmain has long dominated the market for specialized cryptocurrency mining hardware. That dominance has been threatened by growing U.S. scrutiny of Chinese tech firms and supply disruptions triggered by escalating trade tensions and tariff threats. Opening a U.S. plant could speed up deliveries and repairs for customers in the country, Gao said, adding that while labor costs are higher, the move still makes commercial sense. Heightened scrutiny from U.S. Customs and Border Protection has delayed mining equipment shipments, and the U.S. Commerce Department has blacklisted Sophgo, an artificial intelligence firm linked to Bitmain, accusing it of 'acting at the behest of Beijing to further the PRC's goals of indigenous advanced chip production,' referring to the People's Republic of China. Bitcoin mining was historically dominant in China given the low energy costs miners could leverage in the country. After the practice was banned there in 2021, the U.S. became a prominent crypto mining hub, with American crypto miners like MARA Holdings (MARA) and CleanSpark (CLSK) now being publicly traded. Still, Bitmain's U.S. move faces obstacles, including regulatory scrutiny and uncertainty over whether crypto hardware like ASIC miners will be subject to the same export rules as AI chips. The company started a bitcoin mining farm in rural Texas back in 2019, taking advantage of low energy costs in the region. It's not clear if it still owns the site. Sign in to access your portfolio
Associated Press
30-07-2025
- Business
- Associated Press
Metavesco Continues Bitcoin Mining Expansion With High-Efficiency Bitmain S21+ Miners, Boosting Hashrate by 11.5%
CUMMING, GA - July 30, 2025 ( NEWMEDIAWIRE ) - Metavesco, Inc. (OTC: MVCO), a publicly traded diversified holding company, today announced a significant expansion of its Bitcoin mining fleet with the acquisition of new Bitmain Antminer S21+ 235TH units. The new hardware will increase the Company's total hashrate by approximately 3,000 TH/s, an 11.5% jump in fleet-wide capacity. The S21+ 235 models are currently producing new bitcoin at a cost of $55,000 per coin. Installation of the new units will being this week. 'Every new miner is a brick in the fortress we're building,' said Ryan Schadel, President and CEO of Metavesco. 'With spot Bitcoin still near all-time highs, these new S21+ units allow us to produce fresh Bitcoin at a massive discount to market, compounding value to the balance sheet with every block. Once these new units are online, we will be firmly in the institutional miner category and will have access to larger, more profitable mining pools.' Fleet Expansion Highlights Stacking Smarter: A Dual-Asset Treasury Strategy The mining expansion builds on Metavesco's recently announced Ethereum position, forming a dual-asset digital treasury strategy that prioritizes long-term shareholder value, capital efficiency, and non-dilutive growth. 'We view Bitcoin as our digital gold and Ethereum as the infrastructure layer of global finance,' said Schadel. 'Our strategy is simple: acquire high-conviction digital assets, either by mining or opportunistic buys and do it in a way that builds balance-sheet strength with minimum dilution to shareholders.' About Metavesco, Inc. Metavesco is a diversified holding company focused on acquiring and managing assets across multiple sectors, including consumer packaged goods and staffing services. The company is dedicated to long-term growth through organic expansion, strategic acquisitions and innovative market solutions. Safe Harbor Statement This press release contains statements that constitute forward-looking statements. These statements appear in a number of places in this press release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; and (iii) growth strategy and operating strategy. The words 'may', 'would', 'will', 'expect', 'estimate', 'can', 'believe', 'potential', and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is included in the Company's filings on CONTACT: Ryan Schadel 678-341-5898 [email protected] View the original release on
Yahoo
29-07-2025
- Business
- Yahoo
Chinese Crypto Giant Bitmain Plans US Factory in Trump-Era Push
(Bloomberg) -- Bitmain Technologies Ltd., the world's largest manufacturer of crypto mining hardware, plans to open its first US facility in the coming months, a strategic pivot riding the 'Made in America' boom in digital assets. Budapest's Most Historic Site Gets a Controversial Rebuild San Francisco in Talks With Vanderbilt for Downtown Campus Can This Bridge Ease the Troubled US-Canadian Relationship? Trump Administration Sues NYC Over Sanctuary City Policy An Abandoned Art-Deco Landmark in Buffalo Awaits Revival The company intends to officially open a new headquarters and assembly line in either Texas or Florida by the end of the third quarter. Initial output is expected in early 2026, with full-scale production ramping up later in the year, according to Irene Gao, Bitmain's global business chief. The move reflects the renewed wave of American industrial policy favoring domestic production, and operational necessity. As Washington reshapes supply chains around national industrial policies, crypto mining — once a fringe pursuit — is joining the ranks of strategic industries, like semiconductors and energy. Bitmain expects local production to speed up deliveries and repairs for US customers, Gao said. Labor costs are higher, she added, but the move still makes commercial sense — especially in light of uncertainty around tariffs. The US push for Bitcoin supremacy represents 'a unique opportunity,' said Gao, Bitmain's president of mining and chief global business officer, in an interview. Bitmain holds a commanding share of the market for computers used to mine crypto, but US President Donald Trump's trade war has disrupted its American business. Shipments from the Beijing-based company have been held up amid heightened Customs and Border Protection scrutiny, while in January the US Commerce Department blacklisted its artificial-intelligence affiliate, accusing it of 'acting at the behest of Beijing to further the PRC's goals of indigenous advanced chip production.' Further complicating matters is Trump's campaign-trail pledge to concentrate Bitcoin mining activity in the US. Bitmain announced the launch of a US facility about a month after his November 2024 election victory, without divulging its location. Gao said Bitmain intends to hire 250 local employees in the first phase, trained for both manufacturing and site-level maintenance. Bitcoin miners use specialized computers to solve mathematical problems in order to verify blockchain transactions and earn rewards. It's a market Bitmain has dominated since 2013 despite significant changes in the makeup of the energy-intensive industry. Now though with Chinese supply chains under fire and US crypto firms gaining political clout, Bitmain is pushing to secure access to US markets. The US is considered the mining sector's global fulcrum, rising to the fore after a ban in China. Publicly listed American miners — such as Mara Holdings Inc., Riot Platforms Inc. and CleanSpark Inc. — are collectively worth tens of billions of dollars. Trump's sons Eric Trump and Donald Trump Jr. have helped to set up a crypto mining venture named American Bitcoin Corp., in partnership with Hut 8 Corp. and a group of investors. Hut 8 in November 2024 announced the purchase of 31,145 Bitmain machines to upgrade its mining fleet, with delivery expected early 2025. Bitmain's current production capacity includes facilities spread across Southeast Asia — a region vulnerable to stiff trade-protection measures from the Trump administration. What obstacles Bitmain may encounter as it seeks a foothold in the US remain to be seen. Chinese Bitcoin miners operating on US soil drew scrutiny over security concerns during former President Joe Biden's administration. US regulators have not clarified whether crypto hardware will be subject to the same export checks as artificial-intelligence chips. Bitmain has maintained its lead through proprietary technology that enables mass production of powerful mining chips at low cost. While a flurry of US-based companies, including Jack Dorsey's Block Inc. and MARA Holdings-backed Auradine, have entered the mining hardware business, they are yet to match the global scale of China's top manufacturers. --With assistance from David Pan. (Expands tout) Burning Man Is Burning Through Cash It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Everyone Loves to Hate Wind Power. Scotland Found a Way to Make It Pay Off Cage-Free Eggs Are Booming in the US, Despite Cost and Trump's Efforts Elon Musk's Empire Is Creaking Under the Strain of Elon Musk ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Times
29-07-2025
- Business
- Business Times
China crypto firm Bitmain plans first US factory in Trump gambit
[KUALA LUMPUR] Bitmain Technologies, the world's largest manufacturer of crypto mining hardware, plans to open its first US facility in the coming months, a strategic pivot riding the 'Made in America' boom in digital assets. The company intends to officially open a new headquarters and assembly line in either Texas or Florida by the end of the third quarter. Initial output is expected in early 2026, with full-scale production ramping up later in the year, according to Irene Gao, Bitmain's global business chief. The move reflects the renewed wave of American industrial policy favouring domestic production, and operational necessity. As Washington reshapes supply chains around national industrial policies, crypto mining, once a fringe pursuit, is joining the ranks of strategic industries, such as semiconductors and energy. Bitmain expects local production to speed up deliveries and repairs for US customers, Gao said. Labour costs are higher, she added, but the move still makes commercial sense, especially in light of uncertainty around tariffs. The US push for Bitcoin supremacy represents 'a unique opportunity', said Gao, Bitmain's president of mining and chief global business officer. Bitmain holds a commanding share of the market for computers used to mine crypto, but US President Donald Trump's trade war has disrupted its American business. Shipments from the Beijing-based company have been held up amid heightened Customs and Border Protection scrutiny, while in January the US Commerce Department blacklisted its artificial-intelligence affiliate, accusing it of 'acting at the behest of Beijing to further the PRC's goals of indigenous advanced chip production'. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Further complicating matters is Trump's campaign-trail pledge to concentrate Bitcoin mining activity in the US. Bitmain announced the launch of a US facility about a month after his November 2024 election victory, without divulging its location. Gao said that Bitmain intends to hire 250 local employees in the first phase, trained for both manufacturing and site-level maintenance. Bitcoin miners use specialised computers to solve mathematical problems in order to verify blockchain transactions and earn rewards. It's a market Bitmain has dominated since 2013 despite significant changes in the makeup of the energy-intensive industry. Now though with Chinese supply chains under fire and US crypto firms gaining political clout, Bitmain is pushing to secure access to US markets. The US is considered the mining sector's global fulcrum, rising to the fore after a ban in China. Publicly listed American miners, such as Mara Holdings, Riot Platforms and CleanSpark, are collectively worth tens of billions of US dollars. Trump's sons Eric Trump and Donald Trump Jr have helped to set up a crypto mining venture named American Bitcoin, in partnership with Hut 8 and a group of investors. Hut 8 in November 2024 announced the purchase of 31,145 Bitmain machines to upgrade its mining fleet, with delivery expected early 2025. Bitmain's current production capacity includes facilities spread across South-east Asia, a region vulnerable to stiff trade-protection measures from the Trump administration. What obstacles Bitmain may encounter as it seeks a foothold in the US remain to be seen. Chinese Bitcoin miners operating on US soil drew scrutiny over security concerns during former president Joe Biden's administration. US regulators have not clarified whether crypto hardware will be subject to the same export checks as artificial-intelligence chips. Bitmain has maintained its lead through proprietary technology that enables mass production of powerful mining chips at low cost. While a flurry of US-based companies, including Jack Dorsey's Block and Mara Holdings-backed Auradine, have entered the mining hardware business, they are yet to match the global scale of China's top manufacturers. BLOOMBERG
