Cryptocurrency Analysis and News Portal
The Las Vegas-based, sustainable bitcoin miner said in a statement that the machines will add over 252 petahashes per second (PH/s) of hashrate to CleanSpark’s bitcoin mining capacity, once fully deployed. The bitcoin mining specific computers, called ASICs, will start arriving at CleanSpark's facilities in August, and shipping will continue
Read More
The firm has until May 25 to dispute its inclusion on the list, which could eventually see it delist from the Nasdaq. Original Source
Read More
For its part, Jefferies’ Petersen is looking for updates on how the company plans to relocate its mining machines away from a site in Hardin, Mont. that is powered by coal, to a site with more renewable energy sources. “On the earnings call, we hope to learn more about whether
Read More
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
Read More
The combination of an expanding customer base and higher average selling price drove the better-than-expected quarter. Source
Read More
The cryptocurrency community has been discussing a newly announced bitcoin miner called the Numiner NM440 that claims to produce speeds of up to 440 terahash per second (TH/s). Furthermore, a publicly-listed company called Sphere 3D has detailed that it purchased 60,000 Numiner NM440 mining rigs and aims to deploy 32
Read MoreIn a time of global crisis, a pandemic, and a generally unstable political and social environment, cryptocurrencies have shown remarkable stability. Moreover, the pandemic-induced economic downturn played into the hands of the industry by not only attracting professional cryptocurrency traders but also reviving mining as a way of generating passive
Read More