How the Bitcoin Industry Is Responding to Wall Street’s ESG Concerns
“They are doing it out of the sense of survival,” said John Reed Stark, former chief of the U.S. Securities and Exchange Commission’s Office of Internet Enforcement.
Canaan has begun deploying its latest Avalon Miner units. The firm will also be attempting to expand its business scope and customer base.
The mining firm has a power plant in remote Kennerdell, Pa., using an alternative energy source grouped with hydropower in environmental impact.
Delaying further sales could be seen as a way for Bitmain to shield both itself and its clients from falling prices of mining rigs.
CME's bitcoin futures goes into "backwardation" and BTC inflows to exchanges rise as China "FUD" continues.
"Compared to the amount of miners that get shipped regularly, it's just a small batch," a mining source told CoinDesk.