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Canaan Creative, computer hardware manufacturer specialized in crypto mining hardware, priced its Nasdaq initial public offering (IPO) at the lowest of its marketed range, and was able to raise $90 million.On Wednesday, the developer of Bitcoin(BTC)trade mining machines based in Hangzhou, China, crossed the 10 million mark in sales of
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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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As previously reported by CoinSpeaker, China’s Bitcoin mining giant Canaan Creative conducted its IPO with its shares going public on the Nasdaq platform on Wednesday, November 20.Well, things have certainly not gone the way Canaan thought and it looks like the decision to go public was all done in haste.
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Big news from the crypto mining industry: the Germany-based Northern Bitcoin has agreed to a merger with Whinstone US, Inc.Whinstone US is already a leading player in creating crypto mining centers with a number of high-profile projects attributed to its name. After the merger, the two companies are poised to
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German Bitcoin (BTC) mining firm Northern Bitcoin has entered a merger agreement with United States-based competitor Whinstone to jointly build what will supposedly be world’s largest mining farm.According to a Northern Bitcoin press release published on Nov. 18, Whinstone is already building the aforementioned facility which is expected to
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A nascent industry utilizing flared gas to power bitcoin mining units has been developing over the past year or so, in symbiosis
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Iran has introduced a new policy, proposing that anyone who shares information about illegal and unauthorized mining of cryptocurrency in the country will receive a bounty. This was surfaced following the country’s new introduced regulations regarding the calculation of price of electricity that is utilized by crypto miners.Iran’s Energy Ministry’s
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The cryptocurrency mining industry continues to grow daily, supported by a continuous stream of new and more efficient hardware. China is at the forefront of the industry, but as environmental concerns loom, the sustainability of their success is coming into question.Mining chip manufacturers, the most prolific of which are
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A rogue chain has developed following bitcoin cash's planned hard fork and has yet to cease production. Source
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The Lviv branch of Ukrainian Railways has been caught red-handed diverting company electricity to mine bitcoin. Source
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