Cryptocurrency Analysis and News Portal
Chinese Bitcoin (BTC) mining giant Canaan Creative’s depositary shares have seen a 40 percent drop in value since November initial public offering (IPO).Canaan was the first Bitcoin mining giant to go public on a major United States stock exchange, and successfully navigate an IPO. However, the mining giant’s stock
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Cryptocurrency mining firm Riot Blockchain announced the purchase of an additional 1,000 next-generation Bitmain S17-Pro Antminers on Dec.12. This completes the upgrade of its Oklahoma City mining facility, following an initial purchase of 3,000 units announced on Dec. 4.The latest generation of Application-Specific Integrated Circuit miners from mining hardware
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For example, for users who purchase 1,000 units of AntMiner S17 Pro, worth about $1.5 million, the firm will give away 62 put options, worth in total one percent of the miner order amount. Each put option would allow customers to sell bitcoin at a price of 35,000 yuan ($5,000)
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At a hearing over Nvidia's motion to dismiss in Oakland, California, the firm said Friday that shareholders had "cherry-picked" some company statements in an attempt to show that it had not been transparent over how much of its sales were due to miners, while ignoring others. Source
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Great North Data, a firm that ran bitcoin mining and AI processing data centers in Canada, has filed for bankruptcy. According to bankruptcy filings late in November, the firm has just 4.6 million Canadian dollars (US$3.5 million) in assets, but owes creditors CA$13.2 million (US$10 million), CBC News reported Wednesday.
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The drop in bitcoin mining difficulty may be a sign of a strong selloff. Price should tumble as weak miners panic sell their BTC holdings. The drop would be an opportune time to buy the number one cryptocurrency. In the last few days, bitcoin has been hounded by fear, uncertainty and doubt (FUD)
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The millionaire game developer, Marc Merril, was a victim of the Singaporean man who stole identities to utilize Amazon Web Services’ and Google cloud computing power for crypto mining.A case of stolen identityIn a recently unsealed court filing on Nov. 7, Forbes discovered that Marc Merrill, the co-founder of
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United Kingdom-based mining firm Argo Blockchain has doubled its order of new cryptocurrency miners as it eyes “significant expansion” of its capacities.An Oct. 30 report from Proactive Investors revealed that the firm — which is listed on the main market of the London Stock Exchange — is poised to
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Chinese Bitcoin Miner Canaan, Inc. has filed for a $400-million initial public offering (IPO) in the United States. The company is yet to disclose the number of shares and the price tag of the offering.In its filing with the U.S. Securities and Exchange Commission (SEC), the world’s second-largest Bitcoin mining
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An unknown Bitcoin Cash (BCH) miner was apparently in control of more than 50% of the token’s hash rate for 24 hours.The miner seemed to mine 73 blocks from 10 am Oct. 24 to 10 am Oct. 25, to which Twitter user Notgrubles responded that this is the reason
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