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· SHANGHAI: China''s crackdown on cryptocurrency "mining" has extended to the southwest province of Sichuan, where authorities ordered cryptocurrency mining projects closed in the major mining …
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· Clause #9 – Liquidated Damages Clause. Another huge difference between a Western-style NDA and a NNN is that in most NDAs, injunctive relief is normally the preferred legal remedy. However, if your NNN''s jurisdiction and/or governing law was not based in China, you would be wasting valuable time trying to get your judgement enforced in ...
· According to reports, more than 90% of China''s bitcoin mining capacity is estimated to be shut down. Though it may not be good news for bitcoin miners in China, others could stand to benefit ...
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· China has long been home to more than half the world''s bitcoin miners, but now, Beijing wants them out ASAP. In May, the government called for a severe crackdown on bitcoin mining …
· By John Kumi 22. June 2021. BIT Mining ships its first batch of mining equipment to Kazakhstan as China intensifies crackdown. The equipment includes 320 bitcoin mining machines that have a total computing power of 18.2 Petahashes per second. China has heightened its effort in cracking down on Bitcoin mining after citing carbon footprint concerns.
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· Major Chinese crypto mining companies are moving their operations to North America in anticipation of a renewed crackdown on the industry in China, two industry insiders told TechNode. One source within a Chinese mining firm told TechNode the company has made arrangements to ship thousands of mining rigs to facilities in Texas in the US and Alberta in Canada.
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· Cryptocurrency exchange Huobi has suspended bitcoin mining services and sales of mining equipment in mainland China, becoming one of the first Chinese-founded platforms to …
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Xuzhou Mine Equipment Manufacturing Co., Ltd. comes from XCMG Mining Equipment Factory. Founded in 1956, which belongs to National Machinery Department. Since 2001, it reformed as a private owned enterprise, with registered capital of US$ 3.5 million dollars and more than US$ 26 million permanent assets, we successfully achieved US$ 21 million sales turnover in 2009.