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Bitcoin mining rig manufacturer Canaan posted net loss, CEO cites Covid-19 and BTC halving 

Canaan Inc, a leading Chinese Bitcoin mining hardware manufacturer published its unaudited second quarter (2020) financial results. As per the report, the company’s gross profit increased year over year and quarter over quarter, but Canaan still suffered a net loss.  However, the firm’s gross margin expanded significantly last year as well as in the first […]

The post Bitcoin mining rig manufacturer Canaan posted net loss, CEO cites Covid-19 and BTC halving  appeared first on AMBCrypto.

$0.006 per kilowatt-hour, ASIC Mining, Bitcoin, Bitcoin mining, BTC, Chinese mining farms, Hashrate, Hassan Rouhani, iran, Liu Feng, Liu Ping, Lubian, Lubian.com, Middle East, mining, mining operation, mining pool, mosques

Chinese Bitcoin Miners Develop Strong Relationships and Crypto Mining Facilities in Iran

Chinese Bitcoin Miners Develop Strong Relationships and Crypto Mining Facilities in IranDuring the last few months, crypto proponents have focused their attention on Iran. The Iranian President Hassan Rouhani initiated a new mining strategy last May, and the government-licensed 14 bitcoin mining farms in July. According to the Chinese mining operation Lubian, it claims to operate one of these regulated bitcoin mining farms in the oil-rich […]

The post Chinese Bitcoin Miners Develop Strong Relationships and Crypto Mining Facilities in Iran appeared first on Bitcoin News.