news

bitcoin

1 X bitcoin bitcoin =

Thursday

26 November 2020

Canaan Creative Has Experienced Heavy Drops in Mining Equipment Sales

Canaan Creative Has Experienced Heavy Drops in Mining Equipment Sales


smart summary beta

Canaan Creative – the largest mining facility in China after Bitmain – has announced that sales seriously dropped during quarter one of 2020, and that the company has lost nearly $6 million despite significantly lowering prices on all its mining equipment.

Bitcoin mining is not considered an essential business, which means that many operations have been forced to close their doors, though some say that employees and miners are continuing extraction processes remotely.

Bitmain reports that sales of its Antminer S19 Pro machines are still up despite the present circumstances, while MicroBT has explained that its Whatsminer M30S++ devices have continued to attract purchasers, so perhaps the art of bitcoin extraction isn’t as dead as one might think.

Goto Full Article

bitcoin bitcoin price

$17027.47

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.5)

Article Metadata

author

site

livebitcoinnews.com
Market data feeds provided by cryptocompare.com
bitsmart 2020