TagCanaan

Bitcoin Mining Giant Canaan Secures New Funding in 'Hundreds of Millions of Dollars'

Canaan, bitcoin

Canaan Creatives, the world's second-largest bitcoin mining chipmaker, has raised 'hundreds of millions of dollars' in a new financing round. STCN reported that the latest funding pushed Canaan's worth to at least a billion dollar. According to a study published by the Hurun Research Institute, Canaan's valuation was close to $2.98 billion by the end of Q2 2018. Nevertheless, the Beijing firm...

Crypto Mining Giant Canaan Eyes New York IPO After Hong Kong Snub

bitcoin mining crypto

The world's second-largest manufacturer of cryptocurrency mining hardware, Canaan Creative, is now considering going public in the United States rather than in Hong Kong, Bloomberg reports. According to sources who spoke to the business publication, the ASIC manufacturer is looking into the possibility of holding its initial public offering (IPO) in New York in the first half of this year...

It’s Rough Times for Miners amid Bitcoin Price Crash

The relentless tornado that’s ravaging the crypto world is leaving no prisoners in its wake. The plummeting price of all major coins means that mining cryptocurrencies is currently no longer profitable for many miners--both individuals and companies. Everyone’s been following the horror show of the past week or so as the bitcoin cash drama unfolded and the selloffs began, as OKEx forced early...

Bitcoin Mining Firm Canaan Slashes IPO Target -- and May Not Go Public Anytime Soon

bitcoin mining

Canaan, one of the world’s largest bitcoin mining firms, may be having second thoughts about its plan to go public in one of the cryptocurrency industry’s highest-grossing initial public offerings (IPO) to date. Chinese Bitcoin Mining Firm Delays IPO The Hangzhou-based Canaan had been one of at least three Chinese bitcoin mining firms planning to go public on the Stock Exchange of Hong Kong...

Bitmain Releases New Crypto Mining Internet Routers for Dash and Siacoin

crypto mining router bitmain

Bitmain has announced the launch of two internet routers that can mine Dash and Siacoin. In a tweet shared online, the company said the new miners, known as the Antrouter R3-DASH and Antrouter R3-SIA, will function as internet routers that can mine cryptocurrencies at the same time using the devices' idle processing power. The routers are models from Bitmain's R3 series of products, which already...

Crypto Mining Giant Canaan Unveils First-Ever Bitcoin Mining Television

Canaan

Canaan Creative has launched what it hopes will be the future of the blockchain and the first of a series of releases that will improve its position as it battles for increased market share in the bitcoin mining device market. Dubbed the AvalonMiner Inside, the smart TV also doubles as a bitcoin mining device, and while some dismiss it as a marketing stunt, Canaan believes that this could be the...

Bitcoin Mining Giant Bitmain Could Go Public in Record-Breaking IPO: Report

bitcoin mining

Bitmain, the dominant force in cryptocurrency mining, is considering going public in what could be a record-setting offering for the industry. Bloomberg reports that the China-based company, led by controversial CEO Jihan Wu, is quietly laying the groundwork to launch an initial public offering (IPO), perhaps at some point in the near future. Toward this end, Bitmain has gradually begun to step...

Chinese Bitcoin Mining Firm Canaan to Open 10 MW Facility at Node Pole, Sweden

China-based Canaan Creative, a bitcoin mining firm commonly known by Avalon, its bitcoin mining chip brand, will open a data center powered by hydroelectric power at the ‘Node Pole’. Owned by power companies, the technology infrastructure hub is situated in the Boden region near the Arctic Circle n in Sweden. Canaan, which manufacturers ASIC microprocessors, claims to be the first Chinese bitcoin...

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