Canaan Inc. (CAN) Launches its Latest Generation Bitcoin Mining Machine, the Avalon A16 Series

Canaan Inc. (NASDAQ:CAN) is a holding company that develops and sells Bitcoin mining machines and related services. It ...
CoinTelegraph

Bit Digital falls 4% as it ditches Bitcoin mining for Ethereum

Shares in Bit Digital fell by nearly 4% on Wednesday after the crypto mining firm announced it would wind down or sell its Bitcoin mining infrastructure and use the proceeds to buy more Ether.
CoinDesk

Bit Digital Exits BTC Mining to Focus Solely on ETH Staking Strategy

The company began building its ether position and Ethereum staking infrastructure in 2022. As of March 31, Bit Digital held 24,434.2 ETH, valued at $44.6 million, and 417.6 BTC worth $34.5 million. It ...
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Bit Digital raising $500M for cloud service pivot as BTC mining profit margins tighten

Bit Digital, a global platform for high-performance computing (HPC) infrastructure and digital asset mining company, has announced plans to raise up to $500 million through an at-the-market (ATM) ...

Bitcoin Mining Not End Goal, But 'Means To An End' To Boost Data Center Business, Says Riot Platforms CEO

Jason Les, CEO of Riot Platforms Inc. (NASDAQ:RIOT), labeled Thursday its Bitcoin (CRYPTO: BTC) mining business as a “means ...