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Canaan Asks Chinese Authorities to Reconsider Clean Energy Bitcoin Mining Operations

China’s biggest mining rig manufacturer Canaan has appealed to Chinese authorities to reconsider its indiscriminate ban on crypto mining activities in the country. Last month, China’s State Council announced a ban on Bitcoin and crypto mining operations leading to a major downfall in the crypto market. China has been one of the biggest destinations controlling

China’s biggest mining rig manufacturer Canaan has appealed to Chinese authorities to reconsider its indiscriminate ban on crypto mining activities in the country. Last month, China’s State Council announced a ban on Bitcoin and crypto mining operations leading to a major downfall in the crypto market. China has been one of the biggest destinations controlling

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Bitcoin FOMO: Canaan Inc. Announces additional $45 Million Investment For Crypto Mining Rigs

Canaan, one of the top crypto mining machine makers released an unaudited financial report for the third quarter of 2020 in which the company incurred a net loss of $12.7 million. The report revealed that the firm made $24 million in net revenues in Q3, seeing a decline of almost 76% from the same quarter

Canaan, one of the top crypto mining machine makers released an unaudited financial report for the third quarter of 2020 in which the company incurred a net loss of $12.7 million. The report revealed that the firm made $24 million in net revenues in Q3, seeing a decline of almost 76% from the same quarter