08/11/19 05:35 UTC-5

The manufacturer of mining equipment received $13 million in revenue

MiningThe manufacturer of mining equipment received $13 million
The manufacturer of mining equipment received $13 million

Canaan Creative miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
equipment manufacturer has filed a public offering (IPO) request. The amount of revenue for the third quarter was $13 million, which the company announced in a bid.  


Canaan Creative's profit is up 40%

Canaan Creative is called the world's second largest producer of cryptocurrency mining plants. The income of the organization grew by 40%, if we compare the results of last year.

To increase the company's profit helped the growth of the Bitcoin exchange rate. Miners got motivated, and the demand for producer products increased. The organization is actively marketing the Avalon 8 Series. A total of 265,756 mining devices have been sold. The manufacturer does not plan to be limited by the number of sales: by 2020, the company is going to sell $1 million of cryptocurrency mining devices.  

Canaan Creative is applying for an IPO for the third time: the last two applications have been rejected.

Interesting in the section: What will happen when 21 million Bitcoins are mined?

See also: "Canadian gas companies mine Bitcoin with gas"

#mining #cryptocurrency #Bitcoin #CanaanCreative #IPO

Editor: Daria Mukhina


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