Canaan builds up bitcoin mining in quest to emerge from crypto no man’s land
The cryptocurrency mining machine maker missed a market boom last year, and is ramping up its own bitcoin production just as the sector shows signs of stumbling Key Takeaways: Canaan…
NEWS WRAP: Investor approaches Cango for control of the company
The car trader that recently shifted to bitcoin mining said a group wants to buy a controlling stake from Cango’s co-founders By Doug Young Cango Inc. (CANG.US) said on…
Cango gets crypto jolt back to revenue growth, profitability
The company, whose main business was previously auto trading, said its revenue skyrocketed in the fourth quarter after its move into bitcoin mining Key Takeaways: Cango’s revenue rose more than…
BRIEF: Chifeng Gold opens flat in Hong Kong trading debut
Shares of gold miner Chifeng Jilong Gold Mining Co. Ltd. (6693.HK). opened flat in their Monday trading debut in Hong Kong, as the company raised HK$2.68 billion ($345 million) in…
BRIEF: Chifeng Jilong Gold to raise $419 million in Hong Kong IPO
Chifeng Jilong Gold Mining Co. Ltd. (6693.HK) announced terms for its Hong Kong IPO on Friday, saying it would sell 205.7 million shares in lots of 200 for between HK$13.72…
Jiaxin mines Hong Kong, Kazakhstan for IPO funds
The tungsten miner expects to launch commercial operations at its Boguty open-pit project in Kazakhstan in the first quarter of 2025 Key Takeaways: Jiaxin International has applied to make dual…
BRIEF: Cango mines 363.9 bitcoins in its first month of cryptocurrency mining
Cango Inc. (CANG.US) said on Thursday it mined 363.9 bitcoins in November, the first full month for such activity after its decision to diversify beyond its core car-trading business into…
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