Bitcoin Mining Output Slips in June for CleanSpark, BitFuFu, Canaan
Lower network difficulty did not soften the hit: CleanSpark and BitFuFu logged month-on-month production declines, while Canaan used the window to push its BTC treasury to a record.
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Lower network difficulty did not soften the hit: CleanSpark and BitFuFu logged month-on-month production declines, while Canaan used the window to push its BTC treasury to a record.
Canaan's pivot to holding its mined BTC and ETH is becoming the story — the treasury is now worth roughly the same as the company's Q1 revenue run-rate, and the gap is closing fast.
Canaan, one of the largest Bitcoin mining hardware manufacturers, posted an $88.7 million net loss for the first…