Canaan

Mining Giant Bitmain Confidentially Files for U.S.-Based IPO

<header class=”article__header”> </header> <strong>According to reports, bitcoin mining manufacturer Bitmain Technologies confidentially filed for a U.S.-based initial public offering (IPO) with the Securities and Exchange Commission. The news follows the alleged removal of cofounder and executive director Micree Zhan and the recent announcement of a facility in Texas with the capacity to house 300MW of …

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Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

Canaan Creative, the Avalon bitcoin miner maker and one of the world’s largest mining equipment manufacturers, has just formally filed another attempt to go public – this time in the U.S. Canaan’s initial public offering prospectus filed with the U.S. Securities and Exchange Commission (SEC) on Oct. 28 indicates it intends to list on NASDAQ under …

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4 New High-Powered Bitcoin Miners Revealed

<header class=”article__header”> </header> <strong>Bitmain Technologies and Canaan Creative have announced new mining rigs that process roughly 58-73 terahash per second (TH/s). Sources also reveal that Canaan’s initial public offering (IPO) could be listed in the U.S. next month.</strong> Also Read: Mining Firm Canaan Creative Secures Hundreds of Millions of Dollars in Funding Bitmain and Canaan …

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Despite Lower Prices, Bitcoin’s Hashrate Remains Strong

<header class=”article__header”> </header> <strong>People watching cryptocurrency markets have been patiently waiting for prices to rise and the overall sentiment to change. However, one thing that’s been extremely bullish these days is how <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a>’s hashrate has doubled in the last three months. Even with today’s sluggish crypto prices, the SHA-256 hashrate …

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Bitcoin Miner Maker Canaan Confidentially Files for IPO in US: Report

Canaan Creative, the major bitcoin miner manufacturer, is said to have confidentially filed for an IPO in the U.S. According to a report from IFRAsia on Wednesday citing “people with knowledge of the matter,” the Hangzhou, China, based firm is seeking to raise $200 million via the public listing. A report from Bloomberg in January, also suggested Canaan’s …

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Crypto Spring Brings Strong Profits to Next-Generation and Older Mining Rigs

<header class=”article__header”> </header> <strong>Over the last few weeks, cryptocurrency markets have been on a tear accumulating considerable gains following the notorious ‘crypto winter.’ Since the recent price hike this spring, mining digital assets with next-generation miners has allowed participants to secure significant gains and even older mining devices are turning a profit.</strong> Also read: Bitcoin …

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Bitmain Aims to Leapfrog Competition With Its Next-Gen Bitcoin Miner

<header class=”article__header”> </header> <strong>On April 28, the China-based mining rig manufacturer Bitmain Technologies announced the launch of its latest Antminer T17 model which processes roughly 40 terahashes per second (TH/s). The machine delivers better power efficiency with 55 joules per terahash (J/TH) and the T17 is also equipped with second-generation TSMC 7nm semiconductors.</strong> Also read: …

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These Next-Generation Mining Rigs Pack a Ton of Hashpower

<strong>Last week, mining manufacturer Bitmain launched its latest Antminer 17 series. Now Canaan Creative has published its own device specifications and pricing for the new Avalonminer 10 series that process between 31-33 trillion hashes per second (TH/s). In addition to Canaan’s latest miners, two more China-based companies are releasing next-generation miners this summer that mine …

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Mining Firm Canaan Creative Secures Hundreds of Millions of Dollars in Funding

<strong>The sustained bear market has hit cryptocurrency miners hard and stalled the incredible growth experienced by hardware manufacturers that service the industry. It seems that investors are still willing to pour significant money into the business, however, judging by Canaan Creative’s latest raise.</strong> Also Read: In the Daily: Amun Funding, Coinsource ATM, Etoro Wallet Canaan …

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Chinese Miners Flock to Sichuan for Cheap Electricity During the Wet Season

<header class=”article__header”> </header> <strong>Over the last two months, the hashrate between the Bitcoin Cash (BCH) and Bitcoin Core (BTC) networks has increased significantly since hitting a low on December 15, 2018. Numerous reports detail that many Chinese miners who control a large portion of SHA-256 hashrate have been recently setting up shop in Sichuan. During …

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