Canaan Inc. secured a contract to supply 8 MW of hydro-cooled Avalon A1566HA Bitcoin mining units to a Nordic district heating network, providing hot water to about 2,800 homes. The project replaces fossil fuel heating by integrating mining waste heat directly into the existing system, with an initial 2 MW phase already operational and a 6 MW follow-up order placed. This innovative approach highlights Canaan's technology that produces high-temperature heat suitable for district heating, promoting sustainable energy use and efficient heat reuse. The project exemplifies how Bitcoin mining infrastructure can serve dual purposes, combining computing power with residential heating solutions in regions supportive of green energy initiatives.
Arthur Hayes reversed his crypto strategy by purchasing over $3.7 million worth of Ethereum after selling 6,000 ETH at a loss of about $606,000 just weeks prior. This move follows his pattern of bold crypto trades and quick exits, which have drawn cr...
A bitcoin wallet that had been inactive since 2017 moved its entire holding of 5,908 BTC, now worth about $383 million, to a new, unidentified address. The coins were originally bought near bitcoin's 2017 peak at around $16,000 each and have gained r...
Zcash (ZEC) is approaching the $600 mark after breaking out of a multi-week consolidation, showing strong bullish momentum. The price has surpassed key moving averages and resistance levels, supported by healthy trading volume and positive technical ...
The US will impose a 25% tariff on most imports from Brazil starting July 22, following a yearlong investigation into alleged unfair trade practices by Brazil. The tariffs target issues such as Brazil's demands on US tech firms to remove political co...
Ethereum is gaining strength, trading near $1,920 after surpassing its 26-day and 50-day EMAs, signaling renewed buying interest. The next key resistance is the 100-day EMA at around $1,944; a daily close above this could lead Ethereum toward the 200...
