Canaan Launches New Energy-Efficient Miner A1566 at Bitcoin Asia 2024
Canaan Launches New Vitality-Efficient Miner A1566 at Bitcoin Asia 2024
Canaan has launched a recent mining machine on the Bitcoin Asia 2024 convention.
Essentially based completely on a recent document by the South China Morning Put up, the recent A1566 model marked the newest of Canaan’s flagship Avalon A15 series, engineered to abet miners tackle the lowered rewards from Bitcoin’s newest halving occasion.
Decreased Mining Effectivity Put up Halving
Beforehand, the Miner Magazine reported that public mining companies, at the side of Bitfarms, Cipher, CleanSpark, Core Scientific, Stand up, and Terawulf, experienced a lower in Bitcoin manufacturing of 6% to 12% in April, following the recent halving occasion.
The North American Bitcoin mining company Hut 8 reported a principal 36% lower in proprietary Bitcoin manufacturing in their newest monthly replace, mining handiest 148 BTC in April in contrast to March.
“The bitcoin halving is a priority, but additionally an opportunity,” stated Canaan vice chairman David Hui. “That’s why we chose this timing to starting up our recent bitcoin-mining machines to abet our miners get thru this time’s halving.”
Perfect 365 days, Canaan reported a 67.5% drop in whole earnings to $211.5 million and a 71.5% lower in mining equipment gross sales to $175.9 million, attributing these declines to lowered equipment costs and softer market search data from, as stated within the company’s financial opinion.
Hong Kong Introduces Reveal Bitcoin ETFs
“Whereas we acknowledge the persisting challenges of the continuing bearish marketplace for mining machines, we draw inspiration from the recent approval and listing of put apart Bitcoin ETFs,” stated Canaan chairman and CEO Nangeng Zhang.
On April 30, Hong Kong Exchanges and Clearing Puny (HKEX) launched put apart Bitcoin and Ethereum replace-traded funds (ETFs), marking the first of its form within the Asian market.
China Asset Administration Co. (China AMC), Harvest World Investments, and Bosera World and HashKey Capital are the issuers of the put apart ETFs. The Bitcoin ETFs secured $230 million in resources under management (AUM) in their inaugural week.
Essentially based completely on files posted by the Hong Kong Stock Alternate, the $273 million AUM of virtual asset put apart ETFs exceeded the $152 million AUM of virtual asset futures ETFs by nearly 80%.
Source : cryptonews.com
