In Bitmain has appointed a new CEO. Farm in Texas is delayed
Source:
A Protracted bear market in 2018 has crippled mining companies, since mining on certain types of equipment ceased to be profitable. Falling prices and Hasrat reduced the complexity of mining. However, it was not enough to dissuade the founders of one of the world's largest mining companies to leave their posts.
More recently, the company Bitmain has been in the headlines due to a sudden and leadership at the highest level. As reported by the Chinese news publishing SCMP, the mining giant has appointed a new CEO after the resignation of Jihan Wu and Zhang Katrina. According to the information received, the new leader was van Haichao, who previously held the position of product engineer at the Beijing office Bitmain. It is also known that he took on managerial functions at the very beginning of castling. Before Wang worked as a programmer and product Manager in the company on the design of semiconductors.
It is Worth noting that Wu and Zhang did not disappear from the context of the company as it continues to co-chair Bitmain. According to the IPO prospectus, they own 21 and 37 per cent in the company, despite the downgrade.
theSo will data center in Texas or not?
image Source — Bitcoinist
Apparently, the company until it is forced to postpone plans for the construction of the data center cost $ 500 million in Texas Rochdale. Earlier it was reported that the new location will create 400 new jobs, however given the recent mass layoffs can hardly expect this event in the near future. There is a version that will be built farm to a smaller size, as the region continues to be attractive owing to the low cost of electricity.
The More data you look at . On the market the numbers tell our cool . Be sure to check.
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