Bitcoin Mining Equipment Maker Canaan Sets $10M Buyback Program
The board of directors of bitcoin mining manufacturer Canaan approved a buyback program Monday for its lagging shares.
Iran is regulating bitcoin mining with an iron fist. But as U.S. sanctions and the pandemic put pressure on the economy, Iranians are seriously considering bitcoin as an alternative to the falling rial.
Bitcoin mining can help big energy companies produce more efficiently, increasing American energy independence in the process.
The new Southeast Asian facility will mean U.S. buyers won't have to pay an additional 25% tax on miner orders.
A new twist in the power struggle at Bitmain: Co-founder Jihan Wu has regained the legal representative status of the bitcoin mining giant.
A court in China has denied an appeal by bitcoin mining giant Bitmain seeking $30 million in damages from the three co-founders of mining pool rival Poolin.