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…
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Canaan
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UK Researchers Claim New Tech Supercharges Bitcoin Mining With 260% Faster Hash Detection, Slashes Energy Use
Quantum Blockchain Technologies (QBT), a research firm hailing from the U.K., purports to have spearheaded a revolutionary leap…
Canaan to Debut ‘Groundbreaking’ Bitcoin Mining Product at 10th-Anniversary Singapore Event
Shortly after Bitmain announced its intention to launch a new bitcoin mining rig at the 2023 World Digital…
Stronghold Expands Operation With $3M Acquisition of 2,000 Canaan Bitcoin Miners
Stronghold Digital Mining announced Thursday it has acquired 2,000 application-specific integrated circuit (ASIC) bitcoin mining rigs from Canaan.…
Auradine Unveils Teraflux, New Line of US-Crafted Bitcoin Mining Rigs Providing Up to 270 TH/s
According to a press release published July 25, 2023, Auradine, a new competitor in the blockchain infrastructure sector,…
Cleanspark Bolsters Hashrate With $40.5M Purchase of 12,500 Bitcoin Miners
On June 1, 2023, Cleanspark, a publicly-traded bitcoin mining company, declared the acquisition of 12,500 Antminer S19 XP…
Bitcoin Miner Canaan’s Net Loss Shows Slow Improvement in Q1
1 Canaan has faintly improved in Q1 by lessening the losses. 2 A slight rise raises the hope…
Bitcoin miner Canaan’s net loss slightly improved in Q1 amid market turbulence
Diluted net loss per American depositary share in Q1 2023 stood at $0.51 from $0.55 in the previous…
Canaan’s mining revenue rises 3.3% in Q1 while overall revenue declines
Bitcoin (BTC) miner Canaan reported a 3.3% increase in its mining revenue for the first quarter, according to…
Bitcoin Mining in 2023: 18 Profitable ASIC Devices and the Dominance of Three Major Manufacturers Revealed
According to statistics from mid-May 2023, 18 different application-specific integrated circuit (ASIC) bitcoin mining devices are profitable using…