Canaan in Best Single Quarter, Kickstarts Joint Mining Operations in Kazakhstan

Following its reported revenue increase in Q3, Canaan says it has completed the successful delivery of over 2,000 Avalon miner units in Kazakhstan to kickstart its joint mining operations with its top three customers authorized by the Central Asia country’s Ministry of Energy. The supercomputing solutions provider company says it is expecting more mining machines … Read moreCanaan in Best Single Quarter, Kickstarts Joint Mining Operations in Kazakhstan

As ASIC Miners Are Set to Be More Expensive, Bitmain Unveils Newest Mining Rig

Bitmain has unveiled its newest machine, the Antminer S19XP. The manufacturer of the most popular brand for application-specific integrated circuit (ASIC) Bitcoin miners introduced the machine at its just-concluded World Digital Mining Summit 2021 which ended on Nov 10 in Dubai.  The series, whose rig’s hashrate will be 27% more efficient than Bitmain’s current top … Read moreAs ASIC Miners Are Set to Be More Expensive, Bitmain Unveils Newest Mining Rig