Bitcoin Mining Firm Genesis Makes $93 Million Purchase Of Canaan ASICs

2021-4-29 17:45

Bitcoin mining firm Genesis Digital Assets announced a $93 million partnership with Canaan to increase its capacity by 117 megawatts.

According to a press release sent to Bitcoin Magazine, bitcoin miner manufacturer Canaan “announced a long-term strategic partnership with Genesis Digital Assets, an industrial-scale bitcoin mining firm.”

Through the partnership, Genesis is set to receive $93.63 million worth of Canaan’s next-generation A1246 AvalonMiner rigs, which it says can produce a hash rate of 90 terahashes per second with a power efficiency of 38 joules per terahash. Genesis is set to receive the rigs in the first half of this year, and they could add up to 117 megawatts of computing capacity to its mining operation.

The partnership joins two of the longest-running companies in the bitcoin mining business. Canaan invented the world’s first ASIC-powered bitcoin mining machine in 2013 and is the second-largest designer and manufacturer of bitcoin mining machines globally. Meanwhile, Genesis Digital Assets is a bitcoin mining company that has also been active since 2013, having mined over $1 billion in bitcoin, per the release.

“This has been a very exciting year for mining businesses as we see sustained interest in crypto assets,” said Abdumalik Mirakhmedov, Founder of Genesis Digital Assets, according to the release. “With its combination of power and cost efficiency, leveraging Canaan’s A1246 miners will give us a strategic advantage in meeting current demand.”

The year 2021 has been exciting for mining companies as they attempt to increase capacity as bitcoin’s value rises and mining becomes more competitive. This month alone, Riot Blockchain purchased over $138 million in mining rigs, Canada’s DMG Blockchain acquired 3,600 bitcoin mining ASICs and Argo Blockchain announced the purchase of a 320-acre plot in Texas to build a mining facility with renewable energy sources.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Speed Mining Service (SMS) на Currencies.ru

$ 1.9622 (+0.00%)

Объем 24H $0

Изменеия 24h: 0.00 %, 7d: 0.00 %

Cегодня L: $1.9622 - H: $1.9622

Капитализация $205.406k Rank 99999

Доступно / Всего 104.68k SMS

million canaan bitcoin genesis mining firm increase

215 +

Источник: bitcoinmagazine.com

million canaan → Результатов: 41

Online Game Operator The9 Plans to Purchase 2,000 Bitcoin Miners for Over $6 Million

The Shanghai-based online game operator, The9 Limited, has revealed the company is planning to acquire 2,000 Canaan Avalonminers for over $6 million in a stock deal. The9’s binding memorandum of understanding (MOU) explains that the new units will give the company 0.

2021-4-10 04:30
the9 online company million game operator memorandum

160 +

Canaan Reports a Q3 Net Loss $12.3 Million Despite the Crypto Market Comeback

Canaan Creative, a Nasdaq listed Bitcoin miner manufacturer, has reported another loss in Q3 according to the latest unaudited financials released on Nov 30. This time the number jumped to $12. 3 million, which is around four times the $2.

2020-12-2 21:15	bitcoin mining
canaan million loss nov latest released unaudited

192 +

Chinese mining giant Canaan announces $10 million share buyback

Canaan will try to drive up its Nasdaq-listed stock from the $2 price mark.

2020-9-9 16:51	United States
canaan drive try nasdaq-listed price mark stock

171 +

Canaan Cuts Losses for Second Successive Quarter, Down To $2.4M in Q2; Demand Remains Weak

Canaan Creative, the Chinese maker of bitcoin mining hardware, reported a net loss of $2. 4 million during the second quarter of 2020, down from $5. 6 million in the previous quarter. It is the second consecutive quarter of narrowing losses for the firm, hit hard by falling demand amid the Covid-19-induced global recession.

2020-9-3 08:00
quarter second canaan losses down million demand

251 +

Canaan's loss might be Bitmain, Whatsminer's gain

Since its IPO, Canaan has faced a host of problems. In fact, its Q4 filings with the SEC revealed that the company had reported a net loss of $5.6 million in Q1 2020, a figure that was 41% lower when The post Canaan's loss might be Bitmain, Whatsminer's gain appeared first on AMBCrypto.

2020-5-30 11:00	BTC Trading View
canaan loss might whatsminer gain bitmain figure

398 +

Canaan Narrows Q1 Loss to $5.6 Million Amid Weakening Demand for Mining Hardware

Bitcoin mining rig manufacturer Canaan Creative reported a net loss of $5. 6 million for the first quarter of 2020, down from $9. 5 million a year earlier. The Chinese company cut prices of its ASIC-based machines by over 50% in an effort to improve sales, but that wasn’t enough to prevent the heavy loss.

2020-5-24 06:01
million loss mining canaan prices asic-based machines

354 +

After Bitmain and Canaan, Bitcoin miner Ebang is latest to plan $100 million IPO

China-based Ebang Holdings has filed a $100 million IPO prospectus with the U. S. Securities and Exchange Commission (SEC), becoming the third Bitcoin mining equipment maker after Bitmain and Canaan to attempt a public offering.

2020-4-27 08:06	Mining
100 million ipo bitcoin ebang bitmain canaan

282 +

Blockchain Bites: Canaan and Galaxy Digital Report Losses, Fold Joins Visa and Indian Exchange Volume Skyrockets

Today, Canaan and Galaxy Digital reported quarterly losses, Huobi announced a legally compliant way to reenter the U.S. market, and Binance denies stealing $1 million from one of its users.

2020-4-11 21:01	Blockchain Bites
galaxy losses digital canaan market binance way

248 +

Mining Giant Canaan Faces Stiff Competition After IPO Shares Slump

On November 21, the Chinese mining rig manufacturer Canaan Inc. launched its initial public offering (IPO) sale of $90 million worth of U. S. shares. Canaan shares initially sold for $8. 99, but plummeted over 48% on December 16 to $4.

2020-1-11 22:00
shares canaan mining ipo million worth initially

193 +

Bitcoin Miner Maker Canaan Down by 0.11% on First Trading Day, But the Whole Industry Shows Great Confidence

China-based bitcoin mining machine manufacturer Canaan Creative has finally concluded its initial public offering (IPO) with $90 million raised. Shares of Canaan – CAN – shot up 40 percent shortly.

2019-11-22 19:53	Crypto
canaan bitcoin whole great confidence industry shows

194 +

Chinese Mining Giant Trades First Day Flat as Crypto Markets Dump 5%

Things are not looking rosy for Chinese bitcoin mining giant Canaan after day one of trading and they could get far worse today. BTC has dumped almost 4. 5% in 24 hours and crypto markets have shed $10 billion in total so a red Friday is about to begin.

2019-11-22 10:35
mining chinese day crypto markets flat giant

253 +

Bitcoin Mining Giant Canaan Ends Trading Day One Flat

The long awaited IPO from Chinese Bitcoin mining hardware manufacturer Canaan Inc kicked off yesterday. The $90 million public offering was a little underwhelming considering previous valuations and the firm ended its first day trading flat.

2019-11-22 07:00	Nasdaq
mining canaan bitcoin flat day giant trading

188 +

China’s Second-Biggest Bitcoin Mining Equipment Manufacturer Raises $90M in U.S. IPO

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.

2019-11-23 00:00
ipo creative canaan million bitcoin mining raises

205 +

Mining Tech Giant Canaan Inc. Fails to Raise 25% of Initial IPO

The much-anticipated IPO for the mining manufacturer raises only $90 million. A month ago, Canaan planned to raise as much as $400M.

2019-11-21 18:46
raise ipo mining canaan ago month million

160 +

China’s Bitcoin Mining Firm Canaan Manages to Raise Only $90 Million through IPO

Coinspeaker China’s Bitcoin Mining Firm Canaan Manages to Raise Only $90 Million through IPOAs per its previous plans, Canaan was looking to raise anywhere around $400 million but fell short by 75% of its target.

2019-11-21 16:44	Securities and Exchange Commission
canaan raise million only china through manages

174 +

Canaan Creative Raises $90 Million in IPO, Bringing ASICs To NASDAQ

Canaan Creative, a major mining equipment manufacturer, has launched an Initial Public Offering. The company is best known for its AvalonMiner line of ASIC devices, which are designed for use in Bitcoin mining.

2019-11-22 15:31	News
ipo million creative canaan company mining bringing

224 +

Майнинговый гигант Canaan привлек $90 млн на IPO и стал первопроходцем

Китайская майнинговая компания Canaan Creative привлекла $90 млн в ходе первичного размещения акций в США. Фирма стала первопроходцем среди производителей майнеров. Canaan, a maker of Bitcoin mining machines, raised $90 million after pricing its U.

2019-11-21 13:29	сша
canaan млн первопроходцем компания ipo markets marketed

262 +

Canaan Inc. raises $90 million in U.S IPO

Canaan Inc. , a major Bitcoin mining machine manufacturer, recently turned heads in the crypto-industry after it was revealed that the organization was planning to go public with its Initial Public OffThe post Canaan Inc.

2019-11-21 09:41	Trading View
canaan inc public ipo raises million ambcrypto

183 +

Canaan’s American IPO Is a $100 Million Bet on a Bitcoin Bull Market

Mining giant Canaan Creative is set to launch its IPO later this month. The Avalon miner maker proceeds with its IPO despite massive devaluations. The company appears to be betting on a strong bull market, which would dramatically increase demand for mining equipment.

2019-11-14 18:13
ipo bitcoin market canaan mining equipment american

188 +

Canaan Mining May Settle for Modest $100M IPO

Canaan Mining’s IPO in New York may raise only $100 million, at least based on recent edits to the prospectus. The company will aim to list on NASDAQ and become the first Chinese mining equipment producer to trade as a public stock.

2019-11-14 15:30
canaan mining may ipo stock modest 100m

230 +

Canaan updates IPO application; now plans to raise $100 million

Cryptocurrency mining equipment manufacturer, Canaan Inc., was recently in the headlines after news of its Initial Public Offering [IPO] application in the United States broke out. The firm filed an aThe post Canaan updates IPO application; now plans to raise $100 million appeared first on AMBCrypto.

2019-11-14 07:20	Trading View
canaan application ipo million raise 100 updates

233 +

Bitcoin Miner Maker Canaan Sets $100 Million Target for US IPO

Canaan, the world's second-largest bitcoin miner maker, is aiming to raise $100 million with its initial public offering.

2019-11-14 03:03
100 bitcoin canaan million miner maker raise

167 +

Is Chinese Bitcoin Mining Firm Canaan’s $400M IPO a Desperate Move?

Chinese bitcoin mining hardware maker, Canaan, plans to raise $400 million through public sale of its stocks. But will the IPO ride be smooth or bumpy? Volatility is usual for bitcoin and crypto market participants.

2019-11-12 11:42	Nasdaq
bitcoin ipo canaan mining firm chinese million

213 +

Avalon Bitcoin Miner Maker Canaan Posts $13 Million Q3 Profit in New Filing

Canaan, the world's second-largest bitcoin miner maker, has recorded $13 million in net profit for Q3 2019, following bitcoin price's bull run since April this year.

2019-11-7 09:00
bitcoin million profit miner maker canaan price

227 +

Avalon Mining Rig Maker Canaan Files for $400M IPO on Nasdaq

Mining rig manufacturer Canaan has filed for an IPO with the U. S. Securities and Exchange Commission to raise $400 million on the Nasdaq Global Market. Prior to this filing, the company had also attempted to go public in Hong Kong and China.

2019-10-30 04:30	Virtual Currency
nasdaq ipo mining canaan rig 400m maker

254 +

Canaan Officially Files for $400 Million IPO on Nasdaq

Coinspeaker Canaan Officially Files for $400 Million IPO on NasdaqCanaan, which is a competitor to Bitmain, is reportedly seeking to list in the U. S. after its Hong Kong plans fell through.

2019-10-30 20:23	Securities and Exchange Commission
million ipo canaan officially nasdaq kong hong

205 +

Bitcoin Mining Behemoth Canaan Creative Moves Ahead with $400M U.S. IPO

Canaan Creative, the world’s second-largest Bitcoin mining machine manufacturer after Bitmain, has filed for a $400 million initial public offering (IPO) with the United States Securities and Exchange Commission (SEC).

2019-10-29 18:00	United States
bitcoin canaan mining exchange creative ipo according

221 +

Chinese Cryptocurrency Mining Giant Files for $400 Million IPO in US

Crypto mining giant Canaan has filed for an initial public offering with the U.S SEC to raise $400 million

2019-10-29 02:57	bitcoin mining
million giant mining offering public sec raise

178 +

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

Avalon bitcoin miner maker Canaan Creative has just formally filed for a $400 million US IPO.

2019-10-29 01:00
avalon million ipo miner maker bitcoin canaan

191 +

China’s Crypto Mining Giant, Canaan, to offer an IPO in November in the US

Unconfirmed reports have reported that Canaan, a Chinese mining giant for crypto, aims to list in the US market as a publicly-traded company in November 2019. According to the source that is aware of the matter, this Avalon miner producer will be issuing 126 million shares, and the firm is said to have a valuation […]

2019-10-12 18:59	Mining
giant november crypto mining canaan miner producer

243 +

Chinese Bitcoin Mining Firm Canaan Is Rumored To Have Filed For IPO In The US: IFRAsia Findings

A major Bitcoin (BTC) miner manufacturer from China called Canaan Creative is rumored to have just filed for an Initial Public Offering (IPO) in the United States. According to IFRAsia, some inside sources have claimed that the Chinese company wants to be listed on the U. S. and has the goal of acquiring $200 million […]

2019-7-31 22:17	bitcoin mining
filed chinese ipo ifrasia rumored bitcoin canaan

229 +

Chinese Bitcoin Mining Giant Files For $200 Million US IPO: Report

The Chinese maker of Bitcoin mining hardware Canaan Creative is allegedly seeking to go public in the U. S. Per a report which appeared on a Chinese social media platform, Canaan has already filed the application documents with the Securities and Exchange Commission.

2019-7-31 13:45	China
mining chinese report bitcoin 200 million canaan

721 +

Bitcoin Miner Canaan Creative Files For An IPO In the United States

Coinspeaker Bitcoin Miner Canaan Creative Files For An IPO In the United StatesThrough this Bitcoin mining IPO, Canaan plans to raise $200 million from the public. This is the company's second attempt for public filing.

2019-7-31 12:17	SEC
ipo bitcoin canaan miner united creative states

183 +

Fundamental Labs, (Backed By Coinbase, Binance, Canaan), Puts $44 Million Into Bitcoin Mining Setup

Fundamental Labs Will Invest $44 Million USD In New Bitcoin Miners A blockchain fund manager called Fundamental Labs is set to invest $44 million UD in new Bitcoin miners. This is a huge bet, as the crypto market is starting to recuperate now but nobody knows fast it will be. The company is backed by […]

2019-5-9 21:55	bitcoin mining
bitcoin million fundamental labs miners new invest

282 +

Bitmain’s IPO Filing Has Expired

Bitmain’s long-anticipated initial public offering (IPO) filing with the Hong Kong Stock Exchange is officially a bust. The mining titan’s IPO expired on Tuesday, March 26, 2019.

2019-3-26 00:22	Investing
bitmain ipo mining 2018 bitcoin filing million

445 +

Lock Your ETH And Get Free Crypto? ‘Lockdrop’ is a New Twist On Airdrops by Commonwealth Attracting Investors

Commonwealth, a startup company focused on crypto governance, had a novel idea, to twist how airdrops work in order to attract more investors. Now, the company was able to raise $2 million USD from a group of investors which included Canaan Partners, 1confirmation and Ryan Zurrer, a former partner of Polychain. As reported by the […]

2019-3-21 02:28	News
investors airdrops commonwealth company twist crypto able

253 +

Valued At $1 Billion, Canaan Creative Is Encroaching on Bitmain’s Dominance

ASIC chip manufacturer Canaan Creative is closing the gap between itself and industry leader Bitmain after a massive infusion of capital. In its latest funding round, the Chinese mining company has raised several hundred millions of dollars, Chinese publication Securities Times reports.

2019-3-14 00:05	Mining
company million bitmain canaan creative bitcoin losses

435 +

Ebang Reveals Plans to Produce 400,000 Bitcoin Mining Units in 2019

Ebang, one of China’s top manufacturers of bitcoin miners, is planning to produce 400,000 mining machines in 2019. On February 22, 2019, Ebang reportedly announced this plan to expand dramatically throughout the fiscal year.

2019-2-26 22:09	Mining
ebang bitcoin mining bitmain 2018 company china

243 +

Bitcoin Miner ‘Canaan Creative’ IPO Will Not Happen in 2018

Bitcoin mining equipment maker, Canaan Creative, on Thursday (November 15, 2018) allowed its Initial Public Offering (IPO) filing to elapse. Reports suggest that the company will shelve its IPO plans at least for the remainder of the year.

2018-11-15 23:00
ipo canaan creative 2018 bitcoin allowed company

210 +

New Mining Manufacturer Linzhi Announces Ethereum ASIC Miner

Chen Min, the former chief chip maker at Bitcoin mining chip developer Canaan Creative, is turning her attention to Ethereum. Announcing her venture at the Ethereum Classic Summit in Seoul, South Korea, Chen’s new company, Linzhi, will focus on building cryptocurrency mining devices, and its first official products are a series of application-specific integrated circuit (ASIC) miners designed specifically for Ethereum and Ethereum Classic.

2018-9-15 01:22	Mining
ethereum mining bitmain chen new chip per

508 +

2021-4-29 17:45

million canaan → Результатов: 41

2021-4-10 04:30

2020-12-2 21:15

2020-9-9 16:51

2020-9-3 08:00

2020-5-30 11:00

2020-5-24 06:01

2020-4-27 08:06

2020-4-11 21:01

2020-1-11 22:00

2019-11-22 19:53

2019-11-22 10:35

2019-11-22 07:00

2019-11-23 00:00

2019-11-21 18:46

2019-11-21 16:44

2019-11-22 15:31

2019-11-21 13:29

2019-11-21 09:41

2019-11-14 18:13

2019-11-14 15:30

2019-11-14 07:20

2019-11-14 03:03

2019-11-12 11:42

2019-11-7 09:00

2019-10-30 04:30

2019-10-30 20:23

2019-10-29 18:00

2019-10-29 02:57

2019-10-29 01:00

2019-10-12 18:59

2019-7-31 22:17

2019-7-31 13:45

2019-7-31 12:17

2019-5-9 21:55

2019-3-26 00:22

2019-3-21 02:28

2019-3-14 00:05

2019-2-26 22:09

2018-11-15 23:00

2018-9-15 01:22

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Add news: propose for publication, Submit ICO