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GSR and Interhash to Create Hedging Solutions for Bitcoin Miners

News Liquidity service provider and digital asset market maker, GSR, announced a partnership with Interhash, the mining services company and strategic partner of mining rig manufacturer, Canaan, in an updated press release, Dec. 20. The partnership aims to provide risk management solutions for Bit..

Former Bitmain Chip Maker in Police Custody for Alleged Embezzlement

Former Bitmain Technologies chip maker and founder of Bitmain rival MicroBT, Yang Zuoxing, has been reportedly arrested by the Shenzhen police. Yang’s arrest comes amid the ongoing battle between MicroBot and Bitmain, along with the latter’s leadership crisis. On the other hand, another major bitco..

Bitcoin Miner Canaan’s Shares Plunge 40% Since IPO in November

News Chinese Bitcoin (BTC) mining giant Canaan Creative’s depositary shares have seen a 40 percent drop in value since November initial public offering (IPO). Canaan was the first Bitcoin mining giant to go public on a major United States stock exchange, and successfully navigate an IPO. However, ..

Study: China’s BTC Miners Control 66% of Global Hash Rate

News Chinese Bitcoin (BTC) miners are now responsible for controlling as much as 66% of global hash rate, a new report claims. China’s Sichuan province is accounting for over half the global hash rate, according to a study by London-based digital asset manager CoinShares, Reuters reports Dec. 11. ..

Bitcoin Miner Maestros Canaan Eye IPO on Nasdaq as Bitmain Reorganizes

Canaan Creative, a major Chinese mining hardware manufacturer and creator of the Avalon series of bitcoin miners, is looking to raise $400 million USD through an initial public offering (IPO) on the Nasdaq stock exchange. Revealed in an IPO prospectus filed with the U.S. Securities and Exchange Com..

Canaan Reportedly Beats Bitmain to First US Bitcoin Mining IPO

Bitcoin mining giant Canaan creative has reportedly beat fellow Chinese crypto mining hardware manufacturer Bitmain Technologies to the punch by filing for an initial public offering (IPO) in the U.S. Canaan will be hoping to follow through on its plans at the second time of asking after allowing a..

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