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Crypto mining rig maker Canaan delivered 2,000 Avalon mining rigs to Kazakhstan, according to a press release shared with CryptoX on Monday.The Chinese rig manufacturer announced in June that it would be diversifying its mining business in Kazakhstan, in the wake of China’s crackdown on the industry.Following the delivery, Canaan’s
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Beijing, China, November 12, 2021 – AGM Group is aware of a lawsuit filed by Canaan on November 3, 2021, which names its affiliate HighSharp and Sichuan Yibimei Technology Co. for patent infringement. Canaan has requested both companies halt their infringing practice and compensate for economic losses and expenses to
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On October 29, the publicly listed firm Canaan announced the mining manufacturer has secured a follow-on purchase order from the mining operator Hive Blockchain for 6,500 units of Canaan’s next-generation Avalon mining rigs. Hive expects to increase the operation’s hashrate from 1.2 exahash per second (EH/s) to 3 EH/s by
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Hive Blockchain Technologies ordered another 6,500 Avalon bitcoin mining machines from manufacturer Canaan (NASDAQ: CAN).The order comes after the Canadian company (NASDAQ: HIVE) bought 4,000 units in August and 6,400 in January.The latest purchase will push Hive’s bitcoin mining capacity to 2 exahash per second by December and 3 EH/s
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Despite the price decline for Bitcoin (BTC) in Q2 2021, mining hardware maker Canaan has recorded significant business gains during the period.According to Canaan’s unaudited Q2 financials published on Tuesday, the company recorded over $1 billion Chinese renminbi (about $167.5 million) in total net revenue for Q2. This figure marks
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The China-based bitcoin ASIC mining machine manufacturer Canaan has announced the company has forged a partnership with Genesis Digital Assets, and the two firms have now signed a deal for a large purchase order. Genesis will buy 20,000 bitcoin miners from Canaan and the mining operation also has the option
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Through the partnership, both Cathay and Canaan expect to expand their international coverage as the global economy recovers with the help of technology. Canaan Inc ADR (NASDAQ: CAN), a semiconductor solution provider, has announced a strategic partnership with Cathay Tri-Tech., Inc. (“Cathey”) to introduce its artificial
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Delivery of the new machines is set to start in May. Source
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Former directors of Canaan Inc. are investing in the Shanghai firm and will help launch its new mining subsidiary. Source
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Shareholders of publicly traded bitcoin mining companies enjoyed record monthly gains as the leading cryptocurrency reached a new all-time high Monday morning.Castle Rock, Colo.-based mining firm Riot Blockchain (RIOT) ended November with a 160% gain trading at $8.45 per share. Las Vegas-based Marathon Patent Group (MARA) also soared over 190%
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