In brief Canaan’s revenue dropped 68% quarter-over-quarter to $62.7 million, triggering a widening net loss of $88.7 million. To secure “survivability,” the …
Mining
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Bitcoin miner Canaan reported a net loss of $88.7 million for the first quarter of 2026, as falling Bitcoin (BTC) prices squeezed …
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Mining
American Bitcoin Adds 200 BTC, Now Holds Over 7,500 as Mining Fleet Expands
by shayaanby shayaanAmerican Bitcoin (ABTC) has acquired an additional 200 bitcoin, increasing its total holdings to more than 7,500 $BTC as of May. The …
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Mining
Ionic Digital Mined 20.45 BTC in April, Production Declines 27% Month-Over-Month
by shayaanby shayaanBitcoin mining firm Ionic Digital reported it mined 20.45 $BTC in April, representing a 27.1% decline compared to the previous month. The …
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Mining
Russia Approves Ban on Crypto Mining in Kursk Border Region Amid Energy Crisis
by shayaanby shayaanThe Russian government has taken a decisive step to curb cryptocurrency mining in the Kursk Oblast border region, approving a bill that …
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Mining
Canaan Wins Nordic Heating Bid, Turns Bitcoin Mining Waste Heat Into Residential Hot Water
by shayaanby shayaanKey Takeaways Canaan Inc. won a competitive bid to deploy 8 MW of Avalon A1566HA units to a Nordic district heating network. …
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The strategy comes as Canaan’s newer business lines grow faster than its traditional mining hardware segment, suggesting the company is becoming less …
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Mining
Soluna revenue jumps 58% as hosting business offsets weaker Bitcoin mining
by shayaanby shayaanDigital infrastructure company Soluna Holdings reported strong first-quarter revenue growth as expanding data center operations helped offset weaker returns from cryptocurrency mining. …
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After approaching $40 per petahash per second (PH/s) in hashprice terms, bitcoin’s latest price decline triggered a pullback in hashprice, reducing mining …
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HIVE Digital Technologies (HIVE) shares climbed as much as 40% Monday after the bitcoin mining firm said it spent $58 million buying …