Nasdaq-listed cryptocurrency mining machine maker Canaan Creative (CAN) has rocketed 27% Tuesday morning as bitcoin hit a new all-time high, the CoinDesk reported. Canaan is currently trading at $16.55, up from its Friday close of $13.04, according to TradingView. The company has gained nearly 250% month-to-date outpacing the rise in the cryptocurrency its machines mine. […]
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Tag: crypto mining
Chinese Cryptocurrency Mining Giant Files for $400 Million IPO in US
Chinese cryptocurrency mining giant Canaan Creative has filed to be a publicly-traded company in the United States. On Oct. 28, Canaan Creative filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) to raise $400 million, while planning to be listed on the Nasdaq under the ticker CAN. Canaan reportedly filed a $200 million […]
Soluna bets big on offsetting bitcoin energy consumption
As Bitcoin mining activities increase worldwide the electrical cost of mining is get under the skin of experts and ecological gatherings alike. Be that as it may, Soluna is hoping to offset the carbon impression of mining Bitcoin through its wind power plant in the Sahara Desert. Current evaluations put bitcoin mining power consumption at […]