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Mining Giant Canaan Faces Stiff Competition After IPO Shares Slump

[Jan 10, 2020 7:00 PM] On November 21, the Chinese mining rig manufacturer Canaan Inc. launched its initial public offering (IPO) sale of $90 million worth of U.S. shares. Canaan shares initially sold for $8.99, but plummeted over 48% on December 16 to $4.65 per share…

Chipmaking Giant Samsung Reveals 3nm Semiconductor Prototype

[Jan 6, 2020 7:00 PM] In mid-December, Intel revealed that the company expects to design 2nm and 1.4 nm semiconductors by 2029. During the same timeframe, regional sources reported Canaan and Bitmain will reveal new mining rigs this year equipped with TSMC-based 5nm…

Bitmain and Canaan to Reveal 5nm Bitcoin Mining Chips in 2020

[Dec 26, 2019 11:20 PM] Two of the largest bitcoin mining chip manufacturers have plans to equip their products with 5nm chips in the near future. Just recently, China-based manufacturer Bitmain purportedly produced the world’s first 5nm test-grade bitcoin mining…

2019’s Bitcoin Miners Are 5x Faster Than Predecessors

[Dec 13, 2019 9:55 PM] High-powered bitcoin miners and next-generation semiconductors go hand in hand and as process node technology grows, SHA256 hashrate follows. Coinshares’ recent bi-annual mining report highlights that newly introduced mining rigs have…

Video Shows $10M Chinese Bitcoin Mining Farm in Flames

[Oct 1, 2019 2:00 PM] During the early morning hours of September 30, a nine-minute video circulated on Twitter showing a large bitcoin mining farm burning down. Sources say the mining farm belonged to the company Innosilicon and roughly $10 million worth of mining rigs…

Despite Lower Prices, Bitcoin’s Hashrate Remains Strong

[Sep 26, 2019 5:11 AM] People watching cryptocurrency markets have been patiently waiting for prices to rise and the overall sentiment to change. However, one thing that’s been extremely bullish these days is how BTC’s hashrate has doubled in the last three…

Bitfarms Expands Bitcoin Mining Operations in Québec

[Sep 9, 2019 4:10 PM] With a cool climate and endless supplies of renewable hydropower left over from a time when forestry, pulp and paper, and traditional mining drove the economy, Québec, Canada, has the potential to be a thriving bitcoin mining hub. Québec’s…

High-Powered Mining Rigs Drive Bitcoin’s Accelerating Hashrate

[Aug 20, 2019 4:40 PM] On August 19, the combined SHA-256 hashrate between the BCH and BTC networks touched a massive high of over 91 exahash per second (EH/s). One notable contribution to today’s network hashrates is the manufacturing of next-generation mining…