Canaan Inc. has partnered with Luxor Technology Corporation to provide financing for bitcoin mining machines, beginning with a deal that enabled an unnamed U.S. institutional miner to acquire more than 5,000 Avalon A15 Pro rigs in August. Canaan Taps Luxor for Non-Dilutive Financing as Institutional Miner Buys 5,000+ Rigs Canaan disclosed on Monday that the […]
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Bitcoin’s Mining Cycle Enters Reset Phase After Record Difficulty Surge
Over the past two weeks, Bitcoin’s hashrate has fallen by nearly 100 exahashes per second (EH/s) — signaling a slowdown...