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Canaan
BSN to Launch South Korea Portal, Canaan Secures Huge Rig Order
China’s Blockchain-based Service Network to launch portal in South Korea. China’s Canaan secures huge mining rig order from Genesis Digital Assets, and a Korean play-to-earn game explodes in popularity despite a ban in its home country.
Genesis Digital Assets Buys 20K Bitcoin Mining Machines From Canaan
The company has the option to purchase 180,000 more.
Hive Purchases 4,000 Bitcoin Mining Machines From Canaan
The order will be completed in two tranches by the end of September.
Australia's Mawson Infrastructure Increases Count of Bitcoin Mining Machines in US Operation
Gross margins are expected to be more than 80% based on the current bitcoin price and its network difficulty.
ASIC Maker Canaan Diversifies Into Bitcoin Mining in Kazakhstan
Canaan has begun deploying its latest Avalon Miner units. The firm will also be attempting to expand its business scope and customer base.
Genesis Digital Assets Purchases Additional 10,000 Mining Machines From Canaan
The order is to be completed by the end of the month.
India Crypto Feud Continues; Korea Mining Thief Busted
India’s crypto industry takes matters into its own hands. Canaan offers service in Kazakhstan as miners flee China, and a crypto thief in Seoul is busted. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Canaan Forecasts Second-Quarter Revenue as High as $250M
The mining equipment maker said total shipments for the second quarter would either maintain or surpass Q1 2021.
Bitcoin Price, Foreign ASIC Demand Drive Profitable Q1 for Miner Producer Canaan
Canaan's overseas business is growing, a testament to the undercurrent of miners leaving China for other jurisdictions.
Renaissance Technologies Amassed $140M Position in Mining Stocks In Q1
The quantitative hedge fund placed heavy bets on Riot, Marathon and Canaan in early 2021.
