Avalon – DIGIT INFO

Bitcoin Mining in 2023: 18 Profitable ASIC Devices and the Dominance of Three Major Manufacturers Revealed

DIGIT — Tue, 16 May 2023 07:35:00 +0000

According to statistics from mid-May 2023, 18 different application-specific integrated circuit (ASIC) bitcoin mining devices are profitable using today’s bitcoin exchange rates. Additionally, the top bitcoin mining machines today are made by three prominent ASIC manufacturers, as fabrication competition these days is limited.
18 ASICs Profit With Electricity Costs at $0.12 per kWh and Today’s […]

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Mining Rig Manufacturer Canaan Launches 2 New ASIC Bitcoin Miners With up to 130 Terahash

DIGIT — Mon, 24 Oct 2022 13:30:51 +0000

On Monday, bitcoin mining rig manufacturer Canaan Inc., announced the launch of the company’s latest high-performance bitcoin miners called the A13 series. Canaan has revealed two models in the A13 series, which feature “improved power efficiency over its predecessors,” and the new models produce an estimated 110 to 130 terahash per second (TH/s). Canaan Launches […]

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Canaan exec says opportunity outweighs crisis as Bitcoin miners struggle with shrinking profits

DIGIT — Mon, 22 Aug 2022 19:40:00 +0000

This bear market is proving to be especially tough for Bitcoin miners, but Canaan senior vice president Edward Lu says the industry is “evolving toward a positive long term.”

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Canaan Cuts Losses for Second Successive Quarter, Down To $2.4M in Q2; Demand Remains Weak

DIGIT — Thu, 03 Sep 2020 05:00:36 +0000

Canaan Creative, the Chinese maker of bitcoin mining hardware, reported a net loss of $2.4 million during the second quarter of 2020, down from $5.6 million in the previous quarter. It is the second consecutive quarter of narrowing losses for the firm, hit hard by falling demand amid the Covid-19-induced global recession. For the three […]

The post Canaan Cuts Losses for Second Successive Quarter, Down To $2.4M in Q2; Demand Remains Weak appeared first on Bitcoin News.

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Avalon Mining Rig Maker Canaan Files for $400M IPO on Nasdaq

DIGIT — Wed, 30 Oct 2019 01:30:30 +0000

Mining rig manufacturer Canaan has filed for an IPO with the U.S. Securities and Exchange Commission to raise $400 million on the Nasdaq Global Market. Prior to this filing, the company had also attempted to go public in Hong Kong and China. Credit Suisse and Citigroup are among its underwriters. Also read: 4 New High-Powered […]

The post Avalon Mining Rig Maker Canaan Files for $400M IPO on Nasdaq appeared first on Bitcoin News.

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Report: Chinese Publicly Listed Construction Company Turned Mining Firm Lost Over $23 Million

DIGIT — Sat, 20 Apr 2019 10:09:00 +0000

Over 90% percent of the value of a Chinese publicly listed construction company turned to cryptocurrency mining, Huatie, has been lost before the company has been sold

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New Malware Attacks Hold ASIC Miners to Ransom

DIGIT — Thu, 24 Jan 2019 18:37:37 +0000

According to reports from cybersecurity researchers, there’s a new ransomware virus on the loose that’s targeting bitcoin miners. A file locking program called H-Ant has allegedly infected certain Antminer models in China and if the ransom is not paid the software aims to destroy the infected machine. Also Read: Money Transmitter License Not Required for Crypto […]

The post New Malware Attacks Hold ASIC Miners to Ransom appeared first on Bitcoin News.

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Canaan Creative Announces New Avalonminer A911 Mining Rig

DIGIT — Tue, 16 Oct 2018 02:30:17 +0000

Canaan Creative, the world’s second largest manufacturer of cryptocurrency mining hardware, has announced a new mining rig, the Avalonminer A911, alongside plans to develop a mining heater and portable miner. The company has also purportedly expressed its intention of developing a 5nm mining chip. Also Read: Research: 1 of 5 New Hedge Funds in 2018 Is […]

The post Canaan Creative Announces New Avalonminer A911 Mining Rig appeared first on Bitcoin News.

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Canaan Unveils 7nm Chip Equipped Miner at Press Conference

DIGIT — Thu, 09 Aug 2018 09:25:22 +0000

At a recent press conference, the world’s second largest manufacturer of bitcoin mining rigs, Canaan Creative, revealed four new products. In addition to the recently reported bitcoin mining television set, the company will launch a 7nm chip-equipped 30T Avalonminer A9, a Litecoin Avalonminer, and a household heater miner. Also Read: Bitmain Offers Wi-Fi Routers Mining Cryptocurrencies […]

The post Canaan Unveils 7nm Chip Equipped Miner at Press Conference appeared first on Bitcoin News.

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Canaan Creative Announces World’s First Mining TV Set

DIGIT — Sat, 04 Aug 2018 04:55:39 +0000

The world’s second largest manufacturer of bitcoin miners, Canaan Creative, has unveiled what the company describes as the world’s first bitcoin mining TV set. Also Read: High Times Becomes the First IPO to Accept Cryptocurrencies Canaan Creative to Launch Avalon Mining Television Canaan Creative has announced that it plans to sell a 43” television set that […]

The post Canaan Creative Announces World’s First Mining TV Set appeared first on Bitcoin News.

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