This Week in Mining: June 15th

Mining news for this week:
  1. Bitcoin experienced an upward difficulty adjustment of 14.95%–the largest increase in 2.5 years. This brings the difficulty almost in line with pre-halving levels. There’s some speculation on what is happening behind the scenes, including a combination of older hardware being plugged in to take advantage of the negative difficulty adjustments as well as next gen hardware coming online.
  2. ASIC manufacturer Ebang disclosed a $2.5m loss for Q1 2020, according to an update to their IPO prospectus. The IPO would make Ebang the second Chinese ASIC manufacturer publicly traded in the US after Canaan.