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…
CAN.US
BTDR.US
FAST NEWS: Meitu’s profit soars on higher VIP subscriptions
The latest: Chinese beauty app Meitu Inc. (1357.HK) announced on Monday it recorded a net profit of 228 million yuan ($31.3 million) in the first half of 2023, reversing a net loss of 266…
1357.HK
Caught in the headlights, desperate Bitdeer inches closer to listing
The operator of a cryptocurrency mining platform is in the final stages of a U.S. backdoor listing using a special purpose acquisition company (SPAC) Key Takeaways: The U.S. securities regulator…
BTDR.US
BIT Mining in Cash Conservation Mode as Harsh Crypto Winter Rages On
The crypto currency miner’s net loss ballooned in last year’s fourth quarter, as it appears to have sharply slowed its main mining pool business to keep down costsKey Takeaways:BIT Mining’s…
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…
Canaan Shivers as Crypto Winter Chills Demand for Mining Machines
The company’s third-quarter profit dropped nearly 90% as plunging cryptocurrency prices squashed demand for its productsKey Takeaways:Canaan’s third-quarter revenue and profit dropped 26% and 90%, respectively, as a downturn in…
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…
