Mining giants’ shares rise as Bitcoin climbs toward $20,000
As Bitcoin price nears the $20,000 mark, mining companies Riot Blockchain, Marathon Patent Group and Canaan posted significant gains.
Mining giants’ shares rise as Bitcoin climbs toward $20,000
As Bitcoin price nears the $20,000 mark, mining companies Riot Blockchain, Marathon Patent Group and Canaan posted significant gains.
Bitcoin miners face equipment shortage as Chinese manufacturers exhaust stock
Leading Chinese ASIC-miner manufacturers MicroBT, Canaan and Ebang sold through their inventories this year, while Bitmain faced supply difficulties due to a founders' dispute. As a result, bitcoin miners faced a shortage of supply of new devices, according to 8btc, citing its own source.
Canaan to spend $10 million on share buyback
From September 22, the Nasdaq-listed Chinese miner Canaan will begin a share repurchase program. The company will allocate $10 million to the program, according to the release.
Canaan Creative narrows Q2 losses to $2.4 million
Canaan Creative's net loss narrowed to $2.38 million, according to the company's Q2 2020 earnings report.
Canaan Founder Denies Ties to Layer1, the Mining Company
The Layer1 startup, which mines Bitcoin in Texas, identified Canaan Creative founder Liu Xiangfu as part of the company's leadership. Xiangfu himself denied any connection with the organization. This was reported by a Twitter industry insider under the handle BTCKING555.
Bitcoin Mining Giant Ebang Comes With New E11 And E11+ Devices, Plans for IPO
Mining equipment manufacturer Ebang International has announced release of new E11 and E11+ miners with rumors circulating that these new devices may outdo all existing alternatives in terms of performance. At least this is what Blockstream CSO Samson Mow says.We use cookies to improve the quality of our service.
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