Nangeng Zhang

BTC miners cheer network difficulty decline, jeer token price decline
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11 February, 2026

BTC miners cheer network difficulty decline, jeer token price decline

BTC mining difficulty drops over 11% while Cango sells thousands of BTC to strengthen its balance sheet and pivot towards...
Block reward miners face the worst economics in BTC history
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4 December, 2025

Block reward miners face the worst economics in BTC history

BTC miners face unprecedented challenges with plummeting profits, rising costs, and a shift towards AI, marking a critical moment in...
Some block reward miners ditch AI for BTC; others ditch BTC for ETH
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26 June, 2025

Some block reward miners ditch AI for BTC; others ditch BTC for ETH

Some block reward miners are making strategic moves as they figure out how to turn a profit from this sector;...
BTC miner Canaan records $80 million Q3 loss
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1 December, 2023

BTC miner Canaan records $80 million Q3 loss

Canaan cited a dip in the price of BTC and a slowdown in the ASIC rig sales for its loss...
BTC miner Canaan posts $110M net loss in Q2 despite improved revenues
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1 September, 2023

BTC miner Canaan posts $110M net loss in Q2 despite improved revenues

Canaan recorded $110 million in losses despite hitting an uptick in revenue at $74 million, with inventory write-down and equipment...
Canaan Q4 revenue drops 80% as demand for block reward miners dips
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10 March, 2023

Canaan Q4 revenue drops 80% as demand for block reward miners dips

Canaan saw its total computing power sold dip 75% from Q4 2021, with revenue taking a similar dip, but its...