FAST NEWS: BitFuFu posts strong user growth as mining capacity doubles
The Latest: Digital asset mining services provider BitFuFu Inc. (FUFU.US) said on Thursday its revenue rose 43.3% last year to $284.1 million, while its net income more than quadrupled to…
Bitdeer, Canaan mint hedges against crypto volatility in AI
Each company is seeking to develop businesses related to the hot emerging technology as their core crypto operations lose money Key Takeaways: Bitdeer said it was picked as a preferred…
Bit Mining in Race to Roll Out New Mining Machines Before Cash Evaporates
The cryptocurrency miner announced a 10-for-1 reverse share split to avoid delisting, but faces a far larger threat from its dwindling cash reservesKey Takeaways:Bit Mining’s cash stood at $12.5 million…
Crypto Chip Maker Nano Labs Pops, Then Plunges, in New York IPO
The crypto mining chip maker’s stock got off to rocky start after it slashed the size of its initial public offering amid a cryptocurrency meltdown Key takeaways: Nano Labs shares…
Latest Bitcoin Meltdown Pressures Chinese Crypto Companies
The recent massive selloffs in bitcoin and other crypto currencies have left Ebang, Canaan and BIT Mining coping with tanking share prices and dire business outlooks Key Takeaways: Ebang, a…
Covid Bites Canaan in First Quarter, But Advance Orders Bode Well for Second
Leading crypto mining machine maker aims to ride the recent bitcoin slump by allocating more resources to its own mining Key Takeaways Canaan’s first-quarter sales more than tripled, but Covid-related…
Ebang’s Australia Progress Excites – or Not – or Maybe, as Bitcoin Gyrates
Company’s shares jumped 14% after it disclosed receiving regulatory approval for a digital currency exchange in Australia, but then fell, only to jump again in next two trading days Key…
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