Canaan gets left behind in latest crypto bull run
The maker of crypto currency mining machines reported its revenue dropped in the first quarter despite a big bitcoin rally Key Takeaways: Canaan’s revenue fell 36% year-on-year in the first…
CHINA BULLETIN: Moody’s Downgrades China Outlook
In this week’s issue a Moody’s downgrade, a China-EU summit, and Evergrande dodges a meltdown. On a scale of 1 to 100, we give the week a 40 for offshore-listed…
Bitdeer, Canaan mint hedges against crypto volatility in AI
Each company is seeking to develop businesses related to the hot emerging technology as their core crypto operations lose money Key Takeaways: Bitdeer said it was picked as a preferred…
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…
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