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by pthreads 1948 days ago
I have been watching some BTC related companies recently and one caught my attention - Canaan. A few days ago they announced purchase orders of 100,000 mining machines for 2021. Supposedly many were pre-paid.

Also of note was their claim that in late 2020 they shifted their client base from individual miners to mostly publicly traded companies.

I am not sure what to make of it. Maybe HN can chip in?

1 comments

I know that mining is creating more revenue than ever and that will attract new miners.

https://cointelegraph.com/news/btc-miners-pocket-4m-in-60-mi...