Bitcoin Mining Equipment Maker Canaan Sets $10M Buyback Program
The board of directors of bitcoin mining manufacturer Canaan approved a buyback program Monday for its lagging shares. Source
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Equipment
Binance Donates $70k of PPE Equipment to Hospitals in the Philippines
Binance Charity (BC) has donated $70k worth of personal protective equipment (PPE) to eighteen hospitals and government institutions in the Philippines.The contribution, which includes sanitizer, goggles, masks, gloves, and overalls, is intended to keep healthcare professionals safe as they tend to victims of the virus.We sent #masks and #PPE to
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The Rise of Specialized Mining Equipment on Bitcoin
Over the past decade, the machines that maintain the Bitcoin network have undergone rapid technological development. Mining equipment is a fundamental feature of the success of the bitcoin network because these machines determine whether or not it is profitable for miners to do what they do – that is, process
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Bitcoin Mining Equipment Maker Ebang Files $100 Million IPO for US Stock Market Listing
Bitcoin mining chip maker Ebang International Holdings Inc. is seeking to raise up to $100 million through an initial public offering (IPO) in the U.S. The Chinese company will sell Class A ordinary shares of nominal value HK$0.001 (US$0.00013) per share if its IPO filing is approved.In a filing with
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Bitcoin’s Mining Difficulty Stagnates as Coronavirus Outbreak Delays New Equipment
After posting solid gains in January, a key measure of competition among bitcoin miners has stagnated in the past two weeks as the coronavirus outbreak disrupts economic activity in China.The slowdown in the growth of so-called mining difficulty signals that miners have had to pause upgrading equipment after the epidemic
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Sources: Virgil Griffith Wanted to Ship Ethereum Mining Equipment to North Korea
Virgil Griffith, a US citizen, a programmer and a cryptocurrency expert, was arrested last week on the grounds of aiding North Korea in violating international sanctions placed on the country.Now, new report indicates that he had previously told his peers about his plans to arrange a shipment of crypto mining
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China’s Second-Biggest Bitcoin Mining Equipment Manufacturer Raises $90M in U.S. IPO
China-based bitcoin mining equipment maker, Canaan Creative raised $90 million in its U.S. Initial Public Offering (IPO), after selling the IPO shares at the bottom of its marketed range, reports Bloomberg on November 21, 2019. Canaan Creative Raises $90 Million at IPO Per the report, Canaan Creative was able to raise $90
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