Express

Canaan Inc. Mines 98 Bitcoins in August, Total Reserves Increase to 1,547

Summary: According to PRNewswire, Canaan Inc. released its August Bitcoin mining report, revealing a production of 98 Bitcoins for the month, a 10% increase from the previous month, with total Bitcoin reserves now at 1,547. By the end of August, global deployed computing power reached 8.6 EH/s, expected to exceed 10 EH/s once all machines are ...

According to PRNewswire, Canaan Inc. released its August Bitcoin mining report, revealing a production of 98 Bitcoins for the month, a 10% increase from the previous month, with total Bitcoin reserves now at 1,547. By the end of August, global deployed computing power reached 8.6 EH/s, expected to exceed 10 EH/s once all machines are operational. The company is expanding mining operations in the US, Southeast Asia, and Ethiopia, partnering with Bitfury and Luxor to drive ASIC miner sales and miner financing.

Last Update:

Tags:
Link: Canaan Inc. Mines 98 Bitcoins in August, Total Reserves Increase to 1,547 [Copy]

Last: White House responds to Epstein's birthday card: Not drawn by Trump

Next: H100 Group Completes Private Placement to Raise Approximately 10 Million Swedish Krona

The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 6 days ago

Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 10 days ago

BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 12 days ago

The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 16 days ago

Google Steps Into Blockchain: A New Front in the “Ledger Wars” 18 days ago