Circle Raises $110 Million Led by Bitmain, Plans Ethereum-Based Stablecoin USD-C
Circle said it raised $110 million in a Series E round led by Bitmain and plans to launch USD-C, a dollar-backed stablecoin on Ethereum through its Centre initiative.

Circle said it raised $110 million in a Series E round led by Bitmain and plans to launch USD-C, a dollar-backed stablecoin on Ethereum through its Centre initiative.

Circle completed a $110M Series E funding round led by Bitmain, announcing plans to launch a dollar-backed stablecoin called USD-C on Ethereum, aiming to address volatility issues in crypto.

Media granted rare access to Bitmain's massive Bitcoin mining facility in Inner Mongolia. The site houses 25,000 rigs, generating $250,000 daily. CEO Jihan Wu discusses US expansion and predicts Bitcoin will reach $100,000 within five years.

Bitcoin mining hardware is shifting decisively toward hydro-cooled ASICs in 2025, with top models from Bitmain, Auradine, Bitdeer, and Microbt competing on hashrate, efficiency, and thermal performance.

Bitmain unveils the Antminer L9, a next-gen Scrypt ASIC miner with 16 GH/s hashrate and 210 J/G efficiency, replacing the L7 and boosting yields for LTC and DOGE mining.

Bitmain unveils the Antminer L9 ASIC miner for Scrypt-based coins like Litecoin and Dogecoin, offering 16 GH/s hashrate at 210 J/G efficiency, with daily profits exceeding $30, replacing the popular L7 model.

Bitmain unveils the Antminer L9, a next-gen ASIC miner for Scrypt coins (LTC, DOGE) with 16 GH/s hashrate and 210 J/G efficiency. The L9 outperforms its predecessor L7 by 78% in hashrate, promising higher profitability for miners.

Bitmain unveils Antminer L9 ASIC miner for Scrypt coins (LTC, DOGE), delivering 16 GH/s at 210 J/G efficiency. Daily earnings exceed $30, replacing the older L7 model.
