Canaan Announces Order for Bitcoin Mining Machines of up to US$93.63 Million via Long-term …

BEIJING, April 28, 2021 from Genesis Digital Assets valued at up to US$93.63 million.

Genesis Digital Assets is a leading Bitcoin mining enterprise with extensive experience in building and operating industrial-scale Bitcoin mining farms. Since 2013, Genesis Digital Assets and its legal predecessors has brought more than 250,000 miners online and mined over US$1 billion in Bitcoin.

Mr. Zhang continued, “We are seeing higher interest from institutional players and the emergence of new mining hotspots around the world in 2021.

As of April 2021, Genesis Digital Assets’ data center capacity was more than 140MW, translating into a total hashrate in excess of 2.0 EH/s, which is more than 1.2% of the total Bitcoin mining hashrate in the world.

provides high-performance computing solutions to efficiently solve complex problems. In 2016, Canaan successfully initiated the production of its first 16nm chip and passed the test to receive China’s national high-tech enterprise certification.

A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition and results of operations; the expected growth of the Bitcoin industry and the price of Bitcoin; the Company’s expectations regarding demand for and market acceptance of its products, especially its Bitcoin mining equipment; the Company’s expectations regarding maintaining and strengthening its relationships with production partners and customers; the Company’s investment plans and strategies, fluctuations in the Company’s quarterly operating results; competition in its industry in China; and relevant government policies and regulations relating to the Company and cryptocurrency.

According to part of a press release Tweeted earlier today, the cost of Nexon’s bitcoin purchase equates to over ¥11 billion.

However, the online search engine dwarfs these other operations and it suffered from a slump in commercial queries for things like flights and hotels.Now, with more than 1 billion Covid-19 vaccine shots given, according to Bloomberg’s vaccine tracker, consumers have started to venture out to restaurants, shops and even vacation destinations — and they often interact with Google services and ads before they do.Ruth Porat, chief financial officer, said the results “reflect elevated consumer activity online and broad based growth in advertiser revenue.”During a conference call with analysts, Porat said it’s unclear how “durable” the recent change in consumer behavior will be, because it will depend on the global pace of the Covid-19 recovery.Barclays analysts said Alphabet’s search and Youtube segments saw a significant share shift from other advertising channels, dampening concerns about Google’s high penetration within the advertising market.The Alphabet board authorized the company to repurchase up to an additional $50 billion of its Class C capital stock.

About two million baby boomers have been retiring every year since the oldest turned 65 in 2011, but between the third quarter of 2019 and the third quarter of 2020, that number increased to 3.2 million, said Richard Fry, a senior researcher at Pew Research Center.

Dogecoin rose as high as 34 cents, and recently rose 21%, after Tesla Chief Executive Elon Musk gave another tweet endorsing the cryptocurrency.

The proposals include a £20m investment at the York factory to modernise and increase production of KitKat, where the brand was first created in 1935, and a £9m investment at Halifax to take on the largest portion of Fawdon’s production.

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