Bitcoin’s network has seen a noticeable shift in its computational capacity, shedding around 44 exahash per second (EH/s) in the past four days. Tough Terrain for Bitcoin Miners The network’s hashrate, which reached a peak of 824 EH/s, has now settled at 780 EH/s, based on the seven-day simple moving average (SMA). This reduction, equivalent […]
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Canaan Posts Sharp Q4 Revenue Rebound as Bitcoin Mining Demand Heats Up
Bitcoin mining rig maker Canaan delivered a dramatic fourth-quarter turnaround, with revenue more than doubling as bitcoin miners rushed back...
