ChainCatcher news, according to The Block, ASIC miner manufacturer Canaan's Singapore subsidiary has signed a procurement agreement for Avalon A1566 miners with HIVE Digital. Following the announcement, Canaan's stock price surged by 40%.According to the agreement, Canaan will provide HIVE with 6,500 units of the A1566 miners with a computing power of 185 TH/s, of which 500 units have been delivered and are planned for installation, while the remaining 6,000 units will be delivered in four batches from December 2024 to March 2025.In addition, HIVE Digital's 100 MW expansion project in Paraguay has commenced, expected to be operational in the third quarter of 2025, targeting a computing power of 12.5 EH/s, with a mining farm efficiency of 17.6 J/TH. As of now, Canaan (CAN) stock price has risen by 38% to $1.74, with a market capitalization of $499 million; HIVE Digital (HIVE) stock price has increased by 17% to $5.44.

ChainCatcher news, according to The Block, ASIC miner manufacturer Canaan has signed a procurement agreement with HIVE Digital to provide 6,500 Avalon A1566 miners, with an average hash rate of 185 TH/s. Currently, the first batch of 500 miners has been delivered and is scheduled for installation, while the remaining 6,000 will be delivered in batches from December to March 2025. As a result of this news, Canaan's Nasdaq stock (CAN) rose 38% to $1.74.It is reported that HIVE Digital has announced the commencement of a new 100 MW expansion project in Paraguay, which is expected to be fully operational by the third quarter of 2025, with a target hash rate of 12.5 EH/s and equipment efficiency of 17.6 J/TH.

ChainCatcher news, Canaan Inc. today announced its unaudited financial results for the three months ended June 30, 2024. Revenue for the second quarter of 2024 was $71.9 million, exceeding the previous expectation of $70 million, and grew by 104.8% compared to the previous quarter. The total computing power sold was 6.2 million Thash/s, an increase of 83.9% quarter-over-quarter. The operating loss was $46.6 million, narrowing by 60.9% compared to the same period last year, and narrowing by 31.5% compared to the previous quarter.As of June 30, 2024, the company's cryptocurrency assets primarily included 1,133.5 bitcoins, with a total fair value of $69.9 million, which includes 584.2 bitcoins owned by the company, 530 bitcoins staked, and 19.3 bitcoins received as customer deposits. As of June 30, 2024, the company had cash of $66.8 million, compared to $96.2 million as of December 31, 2023.

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)