Tag : Canaan

Canaan Inc. Provides Updates on Its Bitcoin Mining Operations
Cryptocurrency News

Canaan Inc. Provides Updates on Its Bitcoin Mining Operations

PR Newswire
by PR Newswire0
Canaan Inc., a leading high-performance computing solutions provider, announced that the challenges set forth below may adversely impact the Company’s bitcoin generation and revenue from its mining activities, primarily due to reduced uptime, beginning in the third quarter of 2023. Kazakhstan Regulatory Changes To ensure legal compliance, the Company decided......
Canaan Announces Customer Order of 4,000 Bitcoin Mining Machines
Blockchain Cryptocurrency Digital News

Canaan Announces Customer Order of 4,000 Bitcoin Mining Machines

Fintech News Desk
by Fintech News Desk0
Canaan Inc., a leading high-performance computing solutions provider, announced that it has received from HIVE Blockchain Technologies Ltd. (“HIVE”) a purchase order (the “Order”) for 4,000 bitcoin mining machines with an aggregate operating hash power of 272 Petahash per second (“PH/s”). According to the terms of the Order, the Company......
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