Chinese crypto mining rig manufacturer Canaan Inc. on October 24 launched the Avalon Made A13 series, a new generation of bitcoin mining machines.
This week: Bitcoin mining giant Canaan doubles profits despite China's crypto ban, Animoca Brands bets big during crypto winter, metaverse jobs disappear as hiring slows across global tech companies, and more.
This week: US game developer Unity to spin off China unit to tap the country's metaverse market, Chinese bitcoin mining rig maker Canaan mulls US expansion despite crypto winter, and more.
Jihan Wu, the co-founder of Bitmain, announced he will resign as CEO to resolve a year-long dispute with Micree Zhan, the other co-founder, according to an internal letter he issued.
It is reported that Canaan has set the issuing price at the lower end of the price range, raising a total of $90 million.
Canaan, a Hangzhou-based company that produces Bitcoin mining machines, has filed for an IPO on the NASDAQ under the ticker symbol “CAN” and is seeking to raise up to $400 million in capital.