Bitcoin mining rig maker Canaan delivered a dramatic fourth-quarter turnaround, with revenue more than doubling as bitcoin miners rushed back into the market for new hardware, signaling renewed confidence after a sluggish stretch earlier in the year. Mining Hardware Demand Powers Canaan’s Fourth-Quarter Comeback Canaan Inc. reported fourth-quarter revenue of $196.3 million, a 121.1% increase […]
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Bitcoin’s 15% difficulty spike allows one on-chain metric to flip miners from sellers to hoarders in days
Bitcoin difficulty just reset about 15% higher to roughly 144.40T.While this is neither the first nor the last, it is...
