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Tag Archives: Bitmain

Canaan in Q2 Gains as Bitmain Extends 30% Reward for Miners 

Aug 19, 2022

Olusegun Ogundeji

The unaudited financial results of Canaan show its three months ending June 30 saw the China-based chip producer generate revenue of RMB1,652.7 million (US$246.7 million). The record represents an increase of 21.9% from RMB1,356.1 million in Q1 2022 and an increase of 52.8% from RMB...

Canaan, Bitmain Record More Miner Deployments to Lead Supply

Jan 6, 2022

Olusegun Ogundeji

Regardless of China's ban on crypto-related mining activities within its borders, top miner makers in the country continue their drive to meet market demands and sustain their operations. Canaan this week announced the deployment of another 8,000 Avalon Miner units for its joint mining opera...

Chinese Mining Companies Continue Shift to North America

Nov 15, 2021

Olusegun Ogundeji

Despite a ban on related activities on their home turf, Chinese companies remain attracted to the crypto mining trade hence their quest to continue pursuing the interest even outside the shores of China. Beijing has driven out most of China’s cryptocurrency mining activities this year ...

Bitmain Hires TSMC to Produce ASICs Using Its N5 Technology

May 10, 2021

The huge price increase most cryptocurrencies have experienced since the beginning of the year has made cryptocurrency mining one of the most profitable industries today. As the prices of Bitcoin and Ethereum reached their all time highs, miners began turning insane profits that haven’t been se...