Avalon are the first company to produce ASIC mining hardware for its customers and have also sold chips to resellers. Delivery issues have seen them lose reputation points and their early-adopter advantage to newer competitors.
China-based Canaan Creative has raised $43m in a Series A round – the largest ever for a bitcoin mining business.
One of the industry's largest mining chip manufacturers is weighing in on new controversy surrounding how miners engage with the network.
New details have emerged about the pending sale of Canaan Creative, the company that sells the Avalon series of bitcoin mining chips.
The China-based company behind the first bitcoin mining ASIC has been acquired.
Every bitcoin miner wants faster hashing at low power, and that's just what Avalon's new 40nm chip should deliver.
Bitcoin exchange Tradehill is open to holding more mining equipment auctions after its success with first-generation Avalon ASIC units.
Bitcoin miner manufacturer TerraHash has told Bitcointalk forum members that it is shuttering its doors. Customers are angry.
Avalon ASIC has retracted its no-refunds policy after announcing delayed delivery of its chips.
Krater is offering a clone of the Avalon ASIC mining rig that contains up to 320 chips.
Terrahash has changed its refund policy. The company's FAQ has been updated to say that all orders are final.