Bitcoin News / Bitcoin.com - 1 hour ago
Canaan Inc. has launched the Avalon A15 series, with the new product being the A1566 model. This upgraded bitcoin mining machine incorporates Canaan’s most advanced technology. The A1566 model sets a new performance benchmark with an industry-leading...
Bitcoin News / Bitcoin.com - 3 months ago
In a recent disclosure to the U.S. Securities and Exchange Commission (SEC), Canaan, a publicly traded manufacturer of bitcoin mining rigs, announced it has secured $50 million through the sale of preferred shares. This follows a successful acquisiti...
Bitcoin News / Bitcoin.com - 4 months ago
The Nasdaq-traded mining company Cipher Mining unveiled plans to expand its Bear LLC and Chief Mountain LLC projects, revealing the acquisition of 2.5 exahash per second (EH/s) of Canaan-crafted application-specific integrated circuit (ASIC) bitcoin...
Cryptocoins News / The Cointelegraph - 5 months ago
The United Arab Emirates increasingly attracts Web3 companies to its jurisdictions, becoming the center of global crypto innovation....
Bitcoin News / Bitcoin.com - 5 months ago
Canaan Inc, the crypto miner and mining rig producer, said the company’s overall revenue in Q3 stood at $33.3 million or some $40 million lower than the Q2 revenue. According to the company’s CEO, stagnant bitcoin prices and rate hikes by...
Cryptocoins News / The Cointelegraph - 5 months ago
Despite a downturn in its bottom line, the company has secured a deal with an institutional investor to potentially raise $125 million in capital. Bitcoin (BTC) miner...
Bitcoin News / Bitcoin.com - 6 months ago
Recently, the top three bitcoin mining rig manufacturers unveiled a group of next-generation products with efficiency ratings of less than 20 joules per terahash (J/T) and powerful hashrates. In total, Bitmain, Canaan, and Microbt released seven new...
Bitcoin News / Bitcoin.com - 7 months ago
At the “Avalon Bitcoin & Crypto Day” conference in Singapore, the bitcoin mining application-specific integrated circuit (ASIC) manufacturer Canaan showcased its new Avalon-made 14 series mining rigs. One of the mining machines, the A...
Cryptocoins News / The Cointelegraph - 7 months ago
Canaan vice president Davis Hui believes a supply deficit following the next Bitcoin halving will drive its price past $100,000. Executives from prominent mining and...
Bitcoin News / Bitcoin.com - 8 months ago
In mid-August, Bitmain revealed its intention to launch a new Antminer featuring an efficiency rating of 1X joules per terahash (J/TH). Three days after this disclosure, Canaan also announced plans to unveil a novel product but with little details. C...
Bitcoin News / Google News Bitcoin - 8 months ago
Bitcoin Miner Canaan’s Q2 Mining Revenue Surges by 43%, Net Loss Increases by 31%: Report& & CryptoPotato
Cryptocoins News / Blockchain - 8 months ago
Canaan, a high-performance computing solution provider, reported a 44.2% sequential growth in Q2 2023, but faces regulatory shifts and US legal disputes, potentially impacting future operations. (Read More)
Cryptocoins News / The Cointelegraph - 8 months ago
Bitcoin mining firm Canaan posts second quarter financials, with BTC mining revenue up 43% from Q1 2023, though net losses also rose 31% to $110 million. Bitcoin mini...
Cryptocoins News / CoinJournal - 8 months ago
Canaan Inc. (NASDAQ: CAN) has released its Q2 financial report showing an increase in mining revenue.
The Bitcoin miner’s total revenue rose to $73.9 million, increasing by 33.7% compared to Q1, 2023.
Canaan reportedly held 1125 bitcoins as of...
Cryptocoins News / Finance Magnates - 8 months ago
Another
publicly traded cryptocurrency miner has published a financial report for Q2
2022, reflecting complex market conditions and mixed results in the face of low
Bitcoin (BTC) prices and increasing mining difficulty. On one hand, Canaan Inc.
(NASD...