Canada-based Hive Blockchain Technologies Ltd. announced it exceeded its ASIC capacity goal of 1,000 PH/s through the purchase of 6,400 Canaan AvalonMiner 1246 next-generation miners.
The hardware manufacturer designed the Avalon Immersion Cooling Miner A1066I to be noiseless and eco-friendly.
To enable the transition to block reward mining, the NASDAQ listed company signed a binding investment term sheet with several former board directors of ASIC hardware manufacturer Canaan.
The NASDAQ listed hardware manufacturer reported a net loss of $12.7 million in Q3 despite a BTC price jump during the same period.
Canaan Creative has reported a Q2 2020 net loss of $2.38 million, an improvement over the prior Q1's reported loss of $5.64 million loss.
U.S.-listed ASIC hardware manufacturer Canaan Creative reportedly removed four executives from its listing.
Like Canaan, which raised $90 million in its 2019 public listing, Ebang feels the U.S. market offers them the best chance for expansion.
NASDAQ-listed Canaan Creative has released two new ASIC mining rigs, which offer lower hash power compared to its competitors.
Canaan has filed an S-8, a form the U.S. SEC requires companies to file if they are looking to issue equity to their employees.
Nasdaq will be making it more difficult for foreign companies, including blockchain firms, to list on its exchange.