- Bitmain is reported to have made $300 million in revenue in the first four months of 2020. Meanwhile, the legal battle between Bitmain’s ousted co-founder Micree Zhan is progessing in local Chinese courts.
- ASIC manufacturer Ebang is filing for an IPO in the US for $100 million on either Nasdaq or NYSE under the ticker EBON.
- We are less than two weeks away from the projected Bitcoin halvening date.
This week’s mining news appears to be bullish for ASIC manufacturers: