Canaan Expands into Texas Mining Infrastructure
Canaan acquired a 49% stake in three operational Texas mining facilities for nearly $40 million, deepening its shift from hardware manufacturing to infrastructure ownership.
Canaan acquired a 49% stake in three operational Texas mining facilities for nearly $40 million, deepening its shift from hardware manufacturing to infrastructure ownership.
Bitcoin miner Bitdeer has liquidated its full Bitcoin treasury, selling both newly mined coins and reserve holdings. The move comes as mining firms adjust capital strategies amid tighter industry margins.
Bitdeer announced a $300 million convertible note sale and a direct share offering, sending its stock down 17% amid investor concerns over potential dilution.
Cango secured $75.5 million in fresh equity financing following a $305 million Bitcoin sale, as the miner shifts toward AI and high-performance computing infrastructure.
Bitcoin miner Cango sold $305 million in BTC to repay debt and strengthen its balance sheet as it pivots toward AI and high-performance computing.
Bitcoin mining difficulty fell more than 11% in a single adjustment, marking its steepest decline since China’s 2021 mining crackdown.
Canaan has initiated a 3 MW pilot in Manitoba, Canada, repurposing heat from Bitcoin mining equipment to supplement greenhouse heating and improve energy efficiency.
Bitcoin’s mining difficulty is approaching a record high heading into 2026, tightening margins for miners after a volatile year for the sector.
Tether-backed Northern Data has sold its Bitcoin mining unit to companies linked to senior Tether executives.
Hut 8 shares surged after the Bitcoin miner announced a large-scale AI infrastructure partnership and a long-term data center lease tied to hyperscale demand.
Canaan reported steady November Bitcoin production, expanded hashrate capacity, and growing crypto reserves as the company advances global mining buildout.
Tether, the stablecoin issuer, is reportedly ceasing its Bitcoin mining operations in Uruguay and laying off most of its local team due to uncompetitive energy costs.
Kazakhstan is creating a national crypto-asset fund worth up to $1 billion, using seized digital wallets and targeting investments in ETFs and blockchain-linked companies.