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Chinese mining giant Canaan doubles profits despite the blanket crypto ban
18.8.2022
The Chinese crypto miner maker Canaan has been expanding its mining business, accumulating a total of 346.84 BTC by the end of June
Bitcoin Mining Hardware Firm Canaan Sees 'Prolonged Headwinds' After Challenging Quarter
18.8.2022
Supercomputing services provider Canaan (CAN) said Q2 revenue increased by 53% from the year-earlier quarter, but warned of the downward pressure on its performance from the tougher market conditions in the quarters ahead
Bitcoin Miner Genesis Digital Assets Secured 708 MW in Capacity During the First Half of 2022
12.8.2022
This week the bitcoin mining company Genesis Digital Assets announced that the firm has secured 708 megawatts (MW) in capacity and revealed plans to create 130 full-time jobs in the United States. The chief operating officer at Genesis, Andrey Kim, said the firm has been pleased with “the...
Old Bitcoin mining rigs risk 'shutdown' after BTC price slips under $24K
13.6.2022
New generation Bitcoin mining machines would remain profitable even if the BTC price crashes by another 50%
Benchmark Sees Canaan as Indirect Investment in Bitcoin; Shares Gain
8.6.2022
The broker initiated coverage of the mining-equipment business with a buy rating and $9 price target
Terra Honeypot Scam, Blocked Bored Ape NFT Sale, FTX Offers Stocks + More News
19.5.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Terra Honeypot Scam, Blocked Bored Ape NFT Sale, FTX Offers Stocks + More News
Mining-Rig Maker Canaan Q1 Revenue More Than Triples
19.5.2022
Bitcoin mining company Canaan said revenue surged 237% from the year-earlier quarter to $213.9 million
SEC vs. NVIDIA, Sanctioned Bitcoin Mixer, Bluesky Code, VCs Target NFTs + More News
6.5.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
__________...
Read More: SEC vs. NVIDIA, Sanctioned Bitcoin Mixer, Bluesky Code, VCs Target NFTs + More News
Crypto Mining Rig Maker Canaan Added to SEC List of Scrutinized China Companies
5.5.2022
The firm has until May 25 to dispute its inclusion on the list, which could eventually see it delist from the Nasdaq
Canaan Unveils New Bitcoin Mining Machine as It Sees Speedier ASIC Market Growth
8.4.2022
The new model’s mining power and efficiency positions it in a similar area as rival Bitmain’s S19 and S19 Pro machines, but less than MicroBT’s new WhatsMiner M50S
ASIC Mining Rig Manufacturer Canaan Reveals $100 Million Stock Buyback Program
17.3.2022
The application-specific integrated circuit (ASIC) manufacturer Canaan has revealed the firm is offering a stock buyback for up to $100 million. Canaan’s chairman and CEO Nangeng Zhang highlighted in a U.S. Securities and Exchange Commission (SEC) filing that the move was due to issues with...
Blockchain Gaming Consortium, American Express & Crypto Trademarks + More News
16.3.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
__________...
Read More: Blockchain Gaming Consortium, American Express & Crypto Trademarks + More News
Canaan Shares Surge as Company Authorizes Up to $100M Buyback Program
16.3.2022
The mining rig computer maker says its new plan shows its confidence in the company’s long-term prospects
Bitcoin Miner Hive to Purchase Intel Mining Chips, Firm Reveals a 100 MW Deployment Deal in Texas
9.3.2022
On March 7, the publicly-listed mining firm Hive Blockchain Technologies announced the company inked a deal with Intel to purchase new ASIC mining chips. Additionally, Hive has formed an agreement with an original design manufacturer (ODM) and a non-binding letter of intent with Compute North. Hive...
Bitcoin Miner Mawson Inks Hosting Deals With Celsius Mining and Foundry Digital
5.3.2022
The bitcoin mining operation Mawson Infrastructure Group (MIGI) has started to make hosting deals with key players in the mining industry. On March 1, Securities and Exchange Commission (SEC) documents show that Mawson signed a 100-megawatt (MW) co-location agreement with Celsius Mining. Three days...
Bitcoin Miners Catch a Break as Mining Difficulty Drops for the First Time in 3 Months
4.3.2022
Bitcoin miners got a small break on March 3, after the network’s mining difficulty shifted downward for the first time since November 28, 2021. Bitcoin’s hashrate has remained high meandering between 180 to 220 exahash per second (EH/s) over the last week, but the leading crypto...
Bitcoin Mining Rig Maker Canaan Surges After Strong Results and Guidance
3.3.2022
The combination of an expanding customer base and higher average selling price drove the better-than-expected quarter
Global Chip Shortage Looms Over Bitcoin Mining Industry, ASIC Supply Tightens
28.1.2022
While Bitcoin’s hashrate has been coasting along above 175 exahash per second (EH/s) and recently reached an all-time high, a global shortage of semiconductor chips could slow the growing industry. The shortfall of supply worldwide has disrupted major industries, and manufacturers like...
Jack Dorsey’s Payments Company Is ‘Officially Building an Open Bitcoin Mining System’
16.1.2022
In mid-October 2021, Twitter founder Jack Dorsey revealed the payments firm Block Inc. (formally Square) was considering joining the bitcoin mining industry. Three months later, Dorsey tweeted that his firm was “officially building an open bitcoin mining system.” The Block’s...
Bitcoin Mining Firm Luxor Launches ASIC Trading Desk
13.1.2022
On January 11, 2022, the Washington-based bitcoin mining operation Luxor announced the launch of a new application-specific integrated circuit (ASIC) trading desk. According to the company, Luxor’s new trading desk will give miners and investors access to bitcoin ASIC mining rigs “at...