Category: ASIC miners

Higher Bitcoin Prices Create Resurrection Of Old Mining Rigs, Outdated Miners See New Life

The price of bitcoin has dipped a hair in value this past week, but the crypto asset is still up 14.4% over the course of the last month. Statistics show…

Genesis Digital Assets Purchases 10,000 Bitcoin Miners From Canaan

The Beijing-based ASIC mining rig manufacturer Canaan announced the sale of 10,000 bitcoin mining machines to the firm Genesis Digital Assets Limited. Canaan plans to deliver the 10,000 A1246 and…

Canaan Expects $250M Revenue In Q2 — Yields And Mining Rig Deliveries To ‘Increase Substantially’

The mining rig manufacturer Canaan saw steady profits during the Q1 after reporting its unaudited first quarter 2021 financial results on Tuesday. Canaan noted that it expects to at least…

BTC Mining Devices ‘Out Of Stock’ Worldwide- 6 Chinese Mining Rig Makers Dominate The ASIC Industry In 2021

While bitcoin prices have slid in value and the high network difficulty, the leading crypto asset is still quite profitable to mine according to current data. Despite the profitability, these…

Canaan To Sell $93 Million In Next-Generation Bitcoin Miners To Genesis Digital Assets

The ASIC bitcoin mining rig manufacturer and chipmaker, Canaan has announced the company has signed a $93.63 million purchase order with the mining firm Genesis Digital Assets. Genesis will be…

Canaan To Ship 11,760 Next-Generation Bitcoin Miners To A US-Listed Firm, CAN Shares Jump 11%

On April 21, the bitcoin mining rig manufacturer Canaan announced the firm will be supplying 11,760 next-generation A1246 ASIC Avalonminers to a company called Mawson Infrastructure Group. The announcement notes…