In July, Canaan Creative produced 89 Bitcoins, increasing its holdings to 1,511 coins.



According to news from HashWorld, Canaan Technology announced that its Bitcoin production in July was 89 coins, and by the end of the month, it held a total of 1,511 Bitcoins. The company has completed its exit from the Kazakhstan mining business and terminated the hosting agreement for the 0.96 EH/s mining machine in South Texas. The related mining machines are being transferred to a new partner, and about 0.50 EH/s is expected to be back online in August. By the end of July, the company's deployed computing power was 7.95 EH/s, with operational computing power at 6.24 EH/s and an average electricity cost of $0.042/kWh. In addition, the company has officially adopted a long-term holding policy for Bitcoin.

$BTC #Cryptocurrency # Blockchain #Bitcoin # CryptoMining #BTC
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