Blockchain News
Canaan Bitcoin Mining Expands Aggressively with West Texas Acquisition, Targets Gigawatt-Scale Growth
West Texas, March 2025: Canaan Inc., a leading manufacturer of Bitcoin mining hardware, has significantly expanded its operational footprint in the United States through a strategic acquisition in West Texas. The company purchased Cipher Mining’s 49% stake in a joint venture operating three established mining sites, marking a pivotal shift from pure hardware manufacturing to […]
