Mining 22/05/20 20:00 by Priyeshu Garg

Bitcoin Mining Giant Canaan Reports 417% Increase in Gross Profit

Bitcoin mining hardware manufacturer Canaan has recorded a net loss of $5.6 million in Q1 2020, despite seeing a huge increase in profits. According to the company’s newly released financial report,...
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Mining 13/12/19 12:35 by bitcoinist.com

Bitcoin Miner Manufacturer Canaan’s Shares Crash 40%

Canaan shares recently crashed by as much as 40% on Nasdaq, which was likely caused by the continuous pressure on Bitcoin price. Bitcoin miners are in a tight spot once again, as Bitcoin’s pric...
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Mining 06/12/19 09:00 by Jamie Redman

Mining Chip Maker Ebang Next in Line to File for US IPO

Ebang, the ASIC chip and mining rig manufacturer based in Hangzhou, China is allegedly filing for an initial public offering (IPO) in the U.S. following Canaan’s recent Nasdaq listing and Bitmai...
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Mining 22/11/19 08:35 by Martin Young

Chinese Mining Giant Trades First Day Flat as Crypto Markets Dump 5%

Things are not looking rosy for Chinese bitcoin mining giant Canaan after day one of trading and they could get far worse today. BTC has dumped almost 4.5% in 24 hours and crypto markets have shed $10...
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Mining 22/11/19 05:00 by Martin Young

Bitcoin Mining Giant Canaan Ends Trading Day One Flat

The long awaited IPO from Chinese Bitcoin mining hardware manufacturer Canaan Inc kicked off yesterday. The $90 million public offering was a little underwhelming considering previous valuations and t...
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