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It’s been approximately 37 days since the notorious Bitcoin reward halving that took place on Monday, May 11, 2020. On June 16, the Bitcoin network saw a large upwards difficulty adjustment making it much harder to mine bitcoins and slowing down the issuance rate because block generation has slowed down. Furthermore, a recent research report … Read more
Cryptocurrency mining ASIC producer Canaan filed with the U.S. SEC to issue around $12.4 million worth of shares to its employees. Go to Source Powered by WPeMatico
Some Chinese companies could be left out of the world’s second-largest stock exchange as a result of proposed changes — and crypto is no exception. Go to Source Powered by WPeMatico
On May 11, the Bitcoin network experienced its third block reward halving, which had chopped the 12.5 BTC reward to 6.25 coins following the event. It’s been close to a week later, and data stemming from mining rig profitability websites show that more than 45 older generation devices are not profitable right now at today’s … Read more
The Nasdaq-listed Canaan is being attacked by angry investors who think that the company has exaggerated its financial health Go to Source Powered by WPeMatico
Bitcoin mining rig manufacturer Canaan Inc. is being sued for allegedly breaking U.S. securities laws before its initial public offering (IPO). Phillippe Lemieux, a Canaan investor, filed a class-action lawsuit that claims the company violated the Securities Act of 1933. Lemieux believes Canaan misled investors and the Securities and Exchange Commission (SEC) in regards to … Read more
Rosen Law Firm has filed a class-action lawsuit on behalf of investors in crypto mining hardware producer Canaan Go to Source Powered by WPeMatico
Canaan’s revenue promises are based on at least one bogus contract, according to analysts Go to Source Powered by WPeMatico
On Thursday, the China-based mining rig manufacturer Bitmain announced the launch of two new Antminer S19 series models that process between 95 to 110 trillion hashes per second (TH/s). The Antminer S19 Pro model with 110TH/s and 29 joules per terahash (J/TH) is 24 trillion hashes per second faster than Microbt’s latest Whatsminer M30S model … Read more
During the first week of February, a few of the top mining rig manufacturers from China revealed they were forced to postpone device shipments due to the ongoing coronavirus outbreak. Regional reports from the country now disclose that shipments will be delayed even longer and Chinese mining rig companies and second-market suppliers are feeling significant … Read more
