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Tag Archives: Canaan

ASIC Miner Maker Canaan Diversifies Into Crypto Mining

Jun 24, 2021

Olusegun Ogundeji

Renowned for having invented the world’s first application-specific integrated circuit (ASIC)-powered Bitcoin mining machine, Canaan has announced its business' first diversification attempt into crypto mining in Kazakhstan with their latest Avalon Miner units already in operation. The m...

China’s Code Chain Takes HQ, Crypto Mining to Dubai

Apr 23, 2021

Olusegun Ogundeji

The move by China’s Code Chain to meet the demands of its mission of cryptocurrency expansion is taking the company to the United Arab Emirates (UAE), its recently-appointed Chief Strategy Officer, Ryan Xu, has confirmed. He said they have decided to move their head office to Duba...

Chinese Firms Pursue Interests in Canada’s Crypto Space

Jan 21, 2021

Olusegun Ogundeji

Despite COVID-19 pandemic continues to impact logistics and the supply of miners from China, Toronto Stock Exchange-listed HIVE Blockchain says it is making delivery of 6,400 next-generation A1246 Bitcoin miners from Canaan to meet its 2021 ASIC capacity goal of 1,000 Petahash...