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…
MMG to raise $1.6 billion through share placement and convertible bonds
Mining company MMG Ltd. (1208.HK) announced on Monday it plans to raise HK$12.62 billion ($1.61 billion) through a share placement and convertible bond sale, with proceeds earmarked for debt refinancing,…
CiDi drives beyond China with new British partnership
The company will supply its autonomous mining trucks and related technology to MMD Group, as it seeks to cultivate the international market Key Takeaways: CiDi announced a new partnership to…
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…
BRIEF: Zhihui Mining soars in Hong Kong trading debut
Shares of mining company Xizang Zhihui Mining Co. Ltd. (2546.HK) opened 139.5% higher in their Hong Kong trading debut on Friday, then pared some of those gains to close at…
BRIEF: Cidi stumbles in Hong Kong trading debut
Shares of autonomous mining truck maker Cidi Inc. (3881.HK) opened flat in their Hong Kong trading debut on Friday, then edged down to close 8.4% below their offer price at HK$260 by…
BRIEF: CMOC to buy four Brazilian gold mines from Equinox for $1 billion
CMOC Group Ltd. (3993.HK) said on Monday it will pay $1 billion for three gold mining assets in Brazil from Canada’s Equinox Gold Corp. (EQX.TO), as it diversifies beyond its…
Recent Articles
RELATED ARTICLES
-
Can crypto power supplier Boco plug into the AI boom?
- Cango cleans up its house. Now comes the hard part
-
CiDi drives beyond China with new British partnership
3881.HK
-
Boyaa Interactive’s ‘bitcoinization’ strategy faces Web3 reality check
0434.HK
- Its losses widening, Bitfire builds up its bets on the stablecoin race
-
Creality’s 3D-printing dream faces first post-IPO test
3388.HK
