Bit Mining in Race to Roll Out New Mining Machines Before Cash Evaporates
The cryptocurrency miner announced a 10-for-1 reverse share split to avoid delisting, but faces a far larger threat from its dwindling cash reservesKey Takeaways:Bit Mining’s cash stood at $12.5 million…
Crypto Chip Maker Nano Labs Pops, Then Plunges, in New York IPO
The crypto mining chip maker’s stock got off to rocky start after it slashed the size of its initial public offering amid a cryptocurrency meltdown Key takeaways: Nano Labs shares…
Latest Bitcoin Meltdown Pressures Chinese Crypto Companies
The recent massive selloffs in bitcoin and other crypto currencies have left Ebang, Canaan and BIT Mining coping with tanking share prices and dire business outlooks Key Takeaways: Ebang, a…
Covid Bites Canaan in First Quarter, But Advance Orders Bode Well for Second
Leading crypto mining machine maker aims to ride the recent bitcoin slump by allocating more resources to its own mining Key Takeaways Canaan’s first-quarter sales more than tripled, but Covid-related…
Ebang’s Australia Progress Excites – or Not – or Maybe, as Bitcoin Gyrates
Company’s shares jumped 14% after it disclosed receiving regulatory approval for a digital currency exchange in Australia, but then fell, only to jump again in next two trading days Key…
FAST NEWS: BIT Mining’s New Ohio Mine Achieves Power Milestone
The latest: Cryptocurrency mining company BIT Mining Ltd. (BCTM.US) announced on Tuesday that its mining site under construction in the U.S. state of Ohio has achieved approximately 50 megawatts (MW) of…
Canaan Turns to Bitcoin Mining Even as Crypto Hunters Face Mounting Challenges
The crypto mining machine manufacturer added mining to its portfolio after revenue from its main business dropped for two consecutive years Key takeaways: • Canaan has entered the bitcoin mining…
