FTX, a failed cryptocurrency exchange, has recovered around US$7.3 billion in assets and is considering the option of restarting its business, according to one of the firm's bankruptcy attorneys at a court hearing.

Bitmain, one of the world's leading crypto mining hardware manufacturers, has reportedly been fined by Chinese authorities for tax-related violations. According to reports, the Beijing tax bureau has fined Bitmain nearly 25 million yuan (over $3.6 million) for failing to withhold and pay individual income tax on benefits provided to its employees. The amount due under the Tax Collection and Administration Law of the People's Republic exceeds 16.6 million yuan (over $2.4 million). The Chinese government has reportedly stepped up tax inspections on the cryptocurrency industry since last year, with bitcoin miners and large cryptocurrency traders being specifically targeted. Bitmain had previously announced in October 2021 that it was terminating deliveries of mining equipment to customers in mainland China, following the government's crackdown on crypto-related activities like mining. (Bitcoin.com)

In the face of the trend towards Web3.0, Hong Kong must be brave enough to become leaders in this wave of innovation.

Chinese cryptocurrency mining firm Bitmain has been fined approximately $3.7 million by the Beijing Municipal Office of the State Administration of Taxation for violating tax regulations. The company allegedly failed to pay personal income taxes for its employees in accordance with China's laws on administration of tax collection. The tax authority had already delivered a notice on certain tax violations to Bitmain in August 2022. Bitmain is one of the world's largest cryptocurrency mining companies, but it was reportedly forced to stop its business in China in response to a blanket ban on crypto imposed by the Chinese government in September 2021.

Compass Mining, a bitcoin mining firm, published a blog post stating that Bitmain, the company behind the application-specific integrated circuit (ASIC) mining rig, has made changes to its design. The post advised miners to be aware of the changes as Compass Mining identified “three issues” with two different Antminer S19 series mining devices.

BitFuFu’s coupon trading function promotes the circulation of ANTMINER coupons, further improving their mining production and operation efficiency.

Bitcoin miner CleanSpark is growing its mining capacity in the United States with the purchase of 20,000 new Antminer S19j Pro+ units for $43.6 million. The acquisition is expected to boost the company’s computing power by 37% and brings the total number of miners purchased during the bear market to 46,500 units.

Debtors for crypto lender Celsius Network have the authority to sell coupons for mining firm Bitmain coupons worth roughly $7.4 million following a ruling from a bankruptcy judge.

CleanSpark (CLSK) again took advantage of the distressed state of the crypto mining industry to buy 20,000 new rigs at below-market rates, according to a Thursday press release.

A New York judge on Thursday authorized Celsius to sell coupons for mining company Bitmain, makers of the Antminer range, as the bankrupt crypto lender seeks to maximize value for creditors.