btcmaining
92 views
4 Discussing
Hot
Latest
The equipment manufacturer for Bitcoin mining #Canaan announced strategic investment from three leading institutional companies — Brevan Howard, Galaxy Digital, and Weiss Asset Management.
According to the press release, the total amount of the deal is $72 million, and it involves the acquisition of 63.66 million American Depositary Shares (ADS) of Canaan at a price of $1.13 per share.
As stated in the announcement, the funds will be directed towards the development of high-performance computing (HPC) infrastructure and Bitcoin mining $BTC , which will help improve asset efficiency and ensure the company's long-term profitability.
#BTCmaining
According to the press release, the total amount of the deal is $72 million, and it involves the acquisition of 63.66 million American Depositary Shares (ADS) of Canaan at a price of $1.13 per share.
As stated in the announcement, the funds will be directed towards the development of high-performance computing (HPC) infrastructure and Bitcoin mining $BTC , which will help improve asset efficiency and ensure the company's long-term profitability.
#BTCmaining
The mining company #Bitfarms announced that over the next two years it plans to completely cease its bitcoin mining operations and redirect its focus towards creating infrastructure for high-performance computing (#HPC ) and artificial intelligence applications (#Aİ ).
Among the reasons are the decrease in mining profitability due to falling Bitcoin prices $BTC and rising energy costs. In particular, the debt of bitcoin miners has risen to $12.7 billion.
In turn, Bitfarms reported a net loss of $46 million for Q3 on revenues of $68 million, reflecting the market's complexity after the profitability of mining decreased.
Bitfarms announced that its facility in Washington (USA) will become the first site to be fully repurposed for HPC/AI workloads. The capacity of the facility will be 18 MW, and the completion of work is scheduled for December 2026. The new data center will support liquid cooling and graphics processors #NVIDIA GB300, which are designed for AI tasks and scientific computations.
#BTCmaining
Among the reasons are the decrease in mining profitability due to falling Bitcoin prices $BTC and rising energy costs. In particular, the debt of bitcoin miners has risen to $12.7 billion.
In turn, Bitfarms reported a net loss of $46 million for Q3 on revenues of $68 million, reflecting the market's complexity after the profitability of mining decreased.
Bitfarms announced that its facility in Washington (USA) will become the first site to be fully repurposed for HPC/AI workloads. The capacity of the facility will be 18 MW, and the completion of work is scheduled for December 2026. The new data center will support liquid cooling and graphics processors #NVIDIA GB300, which are designed for AI tasks and scientific computations.
#BTCmaining
Login to explore more contents