Boyaa continues buying bitcoin, accumulates over 4,000 coins
Online game operator Boyaa Interactive International Ltd. (0434.HK) said on Monday it has continued to acquire bitcoin, including its acquisition of 152 units of the virtual currency over the past…
Its business stabilized, Cango signs first customer for its new AI business
The company’s bitcoin mining business held steady in the second quarter, as its first high-performance computing center was ready to receive customers in July Key Takeaways: Cango completed its overhaul…
Cango cleans up its house. Now comes the hard part
The company paid off most of its long-term debt by selling down its bitcoin treasury, as it moves ahead with its new focus on modular high-performance computing for AI clients…
Boyaa Interactive’s ‘bitcoinization’ strategy faces Web3 reality check
Once known for its Texas Hold’em games, the company is repositioning itself as a Hong Kong-listed bitcoin play through its push into Web3 gaming Key Takeaways: Boyaa Interactive said its…
Cango eyes high-performance computing scale-up after turning a tight corner
The bitcoin miner took a series of major write-offs last year, many in the fourth quarter, and received some major new investment to shore up its finances heading into a…
Cango secures big cash infusion in accelerated pivot to AI distributed computing
The company said that two of its directors will purchase an additional $65 million worth of its stock, a week after it sold more than half of its bitcoin holdings…
BRIEF: Canaan’s revenue leaps on strong gains for mining machine business
Bitcoin miner and mining machine maker Canaan Inc. (CAN.US) reported on Tuesday its revenue more than doubled in last year’s fourth quarter, as it continued to lose money due to…
