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…
Canaan gets doubly squeezed in latest crypto downturn
The cryptocurrency mining machine maker’s revenue plunged and its net loss ballooned in the second quarter as its product sales and mining income both tumbled Key Takeaways: Canaan’s revenue from…
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…
Its losses widening, Bitfire builds up its bets on the stablecoin race
Once built around crypto trading, the company is accelerating its push into the stablecoin and asset management businesses as it chases a place in the next wave of digital finance…
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…
OSL firms its capital with new top-up, as it pitches stability in a volatile crypto world
The provider of stablecoin trading and payment services has raised $200 million through a share sale to Fidelity Key Takeaways: OSL has raised $200 million by selling shares to Fidelity,…
