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Bitcoin Miner Canaan’s Shares Valued at $8.04 After Surging 80%
13.2.2020
The first major bitcoin miner to go public on the US stock market rebounded slightly after a drop in the fourth quarter
How the Long Tail of the Coronavirus Might Slow Bitcoin’s Hash Power Growth
5.2.2020
The shortage of new mining machines caused by the coronavirus outbreak could curb computing power growth from Chinese miners who contribute over 65% of Bitcoin’s hash power
Developer Proposes Decentralized Bitcoin Hashrate Derivatives
20.1.2020
There’s a new concept called Powswap that lets people speculate on hashrate in order to hedge against price volatility. Powswap was developed by the software engineer Jeremy Rubin who believes hashrate derivatives products allow people to leverage new trading strategies. Also read: Regulatory...
Mining Report Highlights China’s ASIC Manufacturing Improvements and Dominance
11.1.2020
During the first month of the new year, the research firm Tokeninsight published its “Mining Industry Annual Research Report,” which covers the competitive bitcoin mining sector. Tokeninsight’s study highlights the fact that BTC’s hashrate increased by 80% in 2019, even...
Mining Giant Canaan Faces Stiff Competition After IPO Shares Slump
10.1.2020
On November 21, the Chinese mining rig manufacturer Canaan Inc. launched its initial public offering (IPO) sale of $90 million worth of U.S. shares. Canaan shares initially sold for $8.99, but plummeted over 48% on December 16 to $4.65 per share. Since then, Canaan has launched a series of five...
Chipmaking Giant Samsung Reveals 3nm Semiconductor Prototype
6.1.2020
In mid-December, Intel revealed that the company expects to design 2nm and 1.4 nm semiconductors by 2029. During the same timeframe, regional sources reported Canaan and Bitmain will reveal new mining rigs this year equipped with TSMC-based 5nm chips. Now, competition is growing stronger as Samsung...
Bitmain and Canaan to Reveal 5nm Bitcoin Mining Chips in 2020
27.12.2019
Two of the largest bitcoin mining chip manufacturers have plans to equip their products with 5nm chips in the near future. Just recently, China-based manufacturer Bitmain purportedly produced the world’s first 5nm test-grade bitcoin mining chip and more efficient mining rigs will see mass...
Canaan's New 5-Nanometer Chips to Escalate ASIC Arms Race With Bitmain
26.12.2019
Chinese mining ASIC producer Canaan plans to roll out machines based on 5-nanometer chips in Q1 2020
GSR and Interhash to Create Hedging Solutions for Bitcoin Miners
20.12.2019
Hedging products for Canaan mining network becoming available in Jan, 2020
GSR Partners With Canaan-Backed Startup to Offer Crypto Miners Derivatives
20.12.2019
GSR and Interhash want to help crypto miners hedge their costs with a new series of derivatives products
Canaan’s Post-IPO Stock Plunge Reveals Sales Slump, Price War With Bitmain
17.12.2019
Cryptocurrency mining computer-maker Canaan Inc. may have picked the worst time for its initial public stock offering
2019’s Bitcoin Miners Are 5x Faster Than Predecessors
13.12.2019
High-powered bitcoin miners and next-generation semiconductors go hand in hand and as process node technology grows, SHA256 hashrate follows. Coinshares’ recent bi-annual mining report highlights that newly introduced mining rigs have “as much as 5x the hashrate per unit as their...
Bitcoin Miner Canaan’s Shares Plunge 40% Since IPO in November
13.12.2019
Bitcoin mining giant Canaan Creative’s shares have seen a 40 percent drop in value since its IPO
Mining Report Shows 65% of Bitcoin’s Hashpower Stems From China
12.12.2019
As the end of 2019 approaches, Coinshares Research has published its bi-annual mining report that contains informative research and observations about the bitcoin mining industry. Since Coinshare’s last report published in June, BTC’s hashrate grew by 50 exahash per second (EH/s)...
Canaan Crashed Almost 40% Amid Falling Bitcoin Price and Market Doubts
12.12.2019
Things are still not looking good for the second largest producer of Bitcoin (BTC) mining equipment, China-based Canaan (CAN), as it shares are searching for news lows after the debut on Nasdaq exchange on November 21, which made this the first mining company that went public on a major stock...
Study: China’s BTC Miners Control 66% of Global Hash Rate
11.12.2019
Chinese share of global hash rate hits a new record of 66% since 2017, a new study says
Mining Chip Maker Ebang Next in Line to File for US IPO
6.12.2019
Ebang, the ASIC chip and mining rig manufacturer based in Hangzhou, China is allegedly filing for an initial public offering (IPO) in the U.S. following Canaan’s recent Nasdaq listing and Bitmain’s secret IPO filing. The world’s third-largest bitcoin mining hardware manufacturer...
Following Canaan, OneConnect Cuts its IPO Ambitions in Half
4.12.2019
OneConnect Financial Technology, a unit of China’s major insurer Ping An, aims to raise up to USD 504 million in an initial public offering (IPO), compared to USD 1 billion, reportedly considered in June this year.
The IPO was launched yesterday after the company reduced both its target offering...
Canaan Ends 1st Week on Nasdaq in Red, Bitmain Promotes Rigs Ahead IPO
29.11.2019
The second largest producer of Bitcoin mining equipment, China-based Canaan, ended its first week on the Nasdaq exchange in red, while its main rival, another Chinese giant that is reportedly working on its own initial public offering (IPO), Bitmain, confirmed its plans to introduce two new types...
Bitcoin Miner Canaan’s IPO Nets Just $90M After Losing Banking Partner
21.11.2019
Canaan completes $90M IPO without major backer Credit Suisse