Microbt Debuts M60 Series in Dubai; Bitcoin Mining Rigs Boast 18.5 J/T Efficiency
During the Blockchain Life 2023 event in Dubai, Microbt rolled out its latest Whatsminer M60 series, which boasts…
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Canaan
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Microbt Plans to Launch Next-Gen Bitcoin Mining Machine With 1X Efficiency Rating
On September 19, 2023, Microbt, the manufacturer of bitcoin (BTC) application-specific integrated circuit (ASIC) mining rigs, revealed its…
Canaan Unveils Cutting-Edge Avalon 14 Series Bitcoin Miners
At the “Avalon Bitcoin & Crypto Day” conference in Singapore, the bitcoin mining application-specific integrated circuit (ASIC) manufacturer…
Bitcoin to hit $100K in 2024? Canaan VP weighs up 2024 halving opportunities
Canaan vice president Davis Hui believes a supply deficit following the next Bitcoin halving will drive its price…
Canaan to Launch Avalon 14 Series Bitcoin Miner With Advanced 1X J/TH Efficiency
In mid-August, Bitmain revealed its intention to launch a new Antminer featuring an efficiency rating of 1X joules…
Report: Huawei’s Kirin Chip May Have Been Accelerated by Bitcoin Mining Orders
A recent report by The Miner Mag suggests bitcoin mining orders might have sped up Huawei’s development of…
BTC miner Canaan posts $110M net loss in Q2 despite improved revenues
Canaan recorded $110 million in losses despite hitting an uptick in revenue at $74 million, with inventory write-down…
Canaan’s Q2 mining revenue jumps 43% on Q1, but net loss climbs 31%
Bitcoin mining firm Canaan posts second quarter financials, with BTC mining revenue up 43% from Q1 2023, though…
Historic Bitcoin mining revenue fails to offset Canaan Q2 financial loss
Bitcoin (BTC) miner Canaan‘s second-quarter financial report showed that the firm operated at a loss during the reporting…
Canaan Cuts Bitcoin Mining Power by 2 EH/s Amid US, Kazakhstan Challenges
Canaan, a leading high-performance computing firm and mining rig producer, recently disclosed hurdles set to dent its bitcoin…