ChainCatcher news, according to Jinshi reports, the blockchain sector of the US stock market has plummeted, with MicroStrategy (MSTR.O) down over 23%, Canaan Technology (CAN.O) down over 21%, Coinbase (COIN.O) down over 18%, and Riot Platforms (RIOT.O) down over 11%.

ChainCatcher news, Bitcoin mining equipment manufacturer Canaan Creative issued a statement saying that the company's chairman and CEO Zhang Nengeng and the company's CFO James Jin Cheng plan to purchase at least $2 million worth of company stock, claiming that the company is "severely undervalued," and expects "more opportunities" to arise after the most significant cryptocurrency block reward halving.

ChainCatcher news, according to the financial report for the second quarter of 2023 released by Canaan Creative, the total revenue for Q2 was $73.9 million, a 33.7% increase compared to $55.2 million in the first quarter of 2023; the company's total computing power sold in the second quarter of 2023 was 6.1 million TH/s, a 44.2% increase compared to the first quarter of 2023.Among them, the revenue from mining machine sales was $57.8 million, and the revenue from mining was $15.9 million; the company holds 1,125 bitcoins and has cash and cash equivalents of $66.1 million. The company expects total revenue for the third quarter of 2023 to be approximately $30 million.

ChainCatcher news, Bitcoin mining company [Cipher Mining](https://www.rootdata.com/zh/Projects/detail/Cipher Mining?k=MzU0NA==) announced its first quarter update for 2023. Cipher Mining also announced an agreement with Canaan Creative Global Pte. to purchase 11,000 new A1346 model mining machines, which will be delivered in the third quarter of 2023 for use at Cipher Mining's facility in Odessa, Texas.Additionally, Cipher Mining reported a GAAP diluted net loss of $0.03 per share for the first quarter of 2023, and a non-GAAP diluted net income of $0.03 per share. (Source link)

ChainCatcher news, mining company Stronghold Digital (SDIG) will host 4,000 mining machines provided by Cantaloupe Digital, a subsidiary of Canaan Creative (CAN), with 2,000 A1246 and 2,000 A1346 miners offering a total capacity of 400 petahash (PH/S). The A1246 miners will be installed by May 15, and the A1346 miners will be installed a month later.Stronghold CEO Greg Beard stated that since August, Stronghold has procured approximately 22,000 mining machines at a cost of $15 million, with a capacity of 2.2 exahash (EH/s). (Source link)