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The company, which was burned during the last major bear market, did not mention crypto mining in its last earnings report; bitcoin loses its gains from the previous day. Original Source
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The application-specific integrated circuit (ASIC) manufacturer Canaan has revealed the firm is offering a stock buyback for up to $100 million. Canaan’s chairman and CEO Nangeng Zhang highlighted in a U.S. Securities and Exchange Commission (SEC) filing that the move was due to issues with “recent international frictions” and “domestic
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Bitfury, the leading non-Chinese bitcoin mining hardware manufacturer, is reportedly planning to go public in the next 12 months. This would constitute one of the largest listings of a European-based cryptocurrency mining hardware company to date. The company had a valuation of $1 billion dollars after its latest funding round,
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Volkswagen posted first half earnings of $13.5 billion and now expects operating return on sales to go as high as 7.5%.German automaker Volkswagen AG (XETRA: VOW) on Thursday, July 29, posted record first half sales of 11.4 billion euros ($13.5 billion) after experiencing a surge in demand for its products.
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The new venture is expected to increase revenue and "optimize" its product offering structure. Source
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The largest manufacturer of slot machines in the world has just received a patent that would allow customers to access crypto payments for gambling.According to records from the United States Patent and Trademark Office, International Game Technology, or IGT, received a patent today for a system that would enable gamblers
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Li Auto, a Chinese electric car manufacturing company, is going to raise up to $950 million in an IPO. The funds will be allocated for the company’s research.Despite the growing U.S.-China economic war fueling tensions between the two countries, some companies are defying the situation to tighten their business grip.
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On Friday, June 26, the China-based Zhejiang Ebang Communication, often referred to as Ebang, will be listed on Nasdaq, according to various reports. Ebang’s initial public offering (IPO) will be the second U.S.-based IPO for an ASIC mining manufacturer joining the company Canaan. The Ebang IPO prospectus was also
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The world’s largest semiconductor manufacturer and third-largest chip manufacturer, Taiwan Semiconductor Manufacturing Co., or TSMC, has announced plans to build a $12 factory in Arizona.The move comes after TSMC suffered significant disruptions across its supply chain amid the coronavirus outbreak in China.With Bitmain relying on TSMC for its next-generation chips
Read MoreElon Musk’s electric car manufacturer Tesla piloted a blockchain solution in late 2019 with leading shipment management technology solutions provider, CargoSmart, Cosco Shipping Lines, and the Shanghai International Port Group has been revealed. Tesla’s speed will not only be reflected in the capability of the auto and in the automobile
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