ChainCatcher news, according to PR Newswire, Nasdaq-listed company BTC Digital Ltd. announced that it has signed an agreement with Asian digital asset management consulting firm Recte Technologies Company Limited and Asian cryptocurrency mining fund ASIA INVESTMENT FUND SP2 to provide a total of 1,100 Bitcoin mining machines for hosting services, including ANTMINER T21 and ANTMINER L7 models. BTC Digital will be responsible for the deployment of these devices in the United States, providing hosting, management, and other services.

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, according to DePINscan data, the number of physical mining machines for the DePIN & AI project Network3 has now surpassed 5,000 units, marking a further expansion of Network3's layout in the Edge AI field. The latest data shows that the daily earnings of the N3 Edge V1 device remain at the top of the DePIN project rankings.Currently, the global coverage and decentralization level of the Network3 network have reached new heights, with active deployments of nodes worldwide reaching 380,000, covering 185 countries and regions. The physical mining machine N3 Edge V1 has also received significant market attention, selling out quickly during its previous pre-sale, and is now launching a direct sales program from the manufacturer. Several manufacturers have already joined, and announcements will be made on the official website soon.In addition, the project has successfully secured $5.5 million in seed round financing, and a new round of financing has been initiated, attracting participation from several leading institutions. The official announcement revealed that the process has already started, with plans to complete the TGE by the end of the year.

ChainCatcher news, Bitcoin mining company Bitfarms has signed a second hosting agreement for mining machines with Stronghold Digital Mining Hosting. Bitfarms will deploy 10,000 mining machines at Stronghold's Scrubgrass mine (located in Pennsylvania). These mining machines were originally planned for Bitfarms' facility in Iguazu, Paraguay, and are expected to be operational in December.

ChainCatcher news, according to The Paper, the Jingde Court in Zhejiang recently concluded a contract dispute case regarding the sale of virtual currency mining machines. In April 2021, the plaintiff, Mr. Hang, purchased a "mining machine" platform and 64 hard drives from the defendant, Mr. Chen, for a total value of 429,000 yuan. After paying the full amount, Mr. Chen failed to deliver the equipment as agreed and only refunded 180,000 yuan.The court cited the National Development and Reform Commission's "Notice on Rectifying Virtual Currency 'Mining' Activities" issued in September 2021, as well as the central bank and other departments' "Notice on Further Preventing and Handling Risks of Virtual Currency Trading Speculation," determining that activities related to virtual currency are illegal financial activities. The court ruled that the contract for the sale of the mining machines was invalid due to violation of public order and good customs, and ordered the defendant to return the remaining 249,000 yuan.The second-instance court upheld the original ruling, stating that the relevant contract not only violated public order and good customs but also did not conform to the basic principles of resource conservation and environmental protection.

ChainCatcher news, Bitmain issued a statement stating that Bitmain focuses on the cryptocurrency mining machine business and has no connection with the recent media reports regarding the supply investigation. Any news claiming that Bitmain is involved in the aforementioned incident is false. Bitmain reserves the right to pursue legal responsibility against media outlets that publish and disseminate false information.Previous news, the U.S. Department of Commerce launched an investigation into TSMC earlier this month to confirm whether it provided chips to Huawei. Subsequently, TSMC stopped supplying chips to the AI company Sophgo, which is affiliated with Bitmain.

ChainCatcher news, according to DePINscan data, the DePIN & AI project Network3 mining machine N3 Edge V1 is experiencing explosive sales, with the number of on-chain mining machines reaching new highs, currently surpassing 3,500 units. To meet the growing demand, the Network3 system will undergo a capacity upgrade on November 1st. Starting in November, the output value of each mining machine N3E will increase from 50 to 170, and the dual mining output of $IOTX will change from a fixed model of 182 coins per machine to a model of 138,000 coins distributed across the entire network.According to Depinscan, the first batch of miners has already recouped half of their investment, and with the subsequent rise in coin prices, the payback period will be further shortened. The benefits of early mining are evident.Previously reported, Network3 will launch an LLM model for multi-terminal use on the N3 Dapp in October, allowing users to run it offline. The project has currently secured $5.5 million in seed round financing, with several leading institutions participating in the next round of financing, and the project has also initiated the listing process.

ChainCatcher news, according to official information, the second batch of mining machines for the AI & DePIN project Network3 will add 5,000 devices. It is reported that to meet market demand, improve equipment quality, and service efficiency, Network3 has launched a supplier recruitment program, seeking long-term partners for mining equipment, and has already reached strategic cooperation with several suppliers.Previously, it was reported that the first batch of mining machines from Network3 sold out immediately, with a strong market response. According to DePINscan data, all 3,000 units of the first batch of N3 Edge V1 devices have been fully on-chain.Additionally, according to RootData, Network3 has achieved $5.5 million in pre-seed and seed round financing, and the next round of financing has already begun, with several leading institutions confirming their participation. The official claims that Network3 has now initiated the on-chain process.

ChainCatcher news, according to DePINscan data, the AI Layer2 project Network3 has seen its first batch of mining machines, N3 Edge V1, reduce the payback period to 94 days (as of the time of publication), ranking second in payback period and first in daily earnings!As previously reported, Network3 will launch an LLM model for multi-end use in the N3 Dapp in October, allowing users to run it offline. The project has completed a $5.5 million seed round of financing, and the next round of financing is now open, with several well-known institutions confirming their participation, and the listing process has already begun.

ChainCatcher news, according to Cointelegraph, Bitcoin mining company Bitfarms announced a hosting agreement with Stronghold Digital Mining to add 10,000 Bitmain T21 mining machines to its Panther Creek mining facility in Pennsylvania, with operations set to begin on October 1, 2024, which will increase Bitfarms' hash rate by 2.2 EH/s.It is reported that Bitfarms will pay Stronghold a fee equivalent to 50% of the profits generated by the miners, which will be renewed annually according to the terms of the hosting agreement until either party decides not to renew the contract.

ChainCatcher news, mining company Compass Mining has activated 3,000 Bitcoin mining machines at its newly partnered facility in Iowa, and the company plans to install an additional 1,000 machines in September. This expansion will increase the facility's capacity by 12.5 megawatts (MW).According to Compass Mining, this initiative is part of its strategy to expand operations. By the end of 2024, the company plans to manage approximately 30 megawatts of power across multiple locations in the United States, including Indiana, Ohio, Nebraska, and Texas.

ChainCatcher news, according to the metrics released by DePINscan on September 5th, California time, the DePIN & AI project Network3's first batch of mining machines "N3 Edge V1" is expected to break even in 120 days, ranking in the top 3 among numerous DePIN projects, with the highest daily return.Previously, it was reported that the physical mining machine "N3 Edge V1" released by Network3 sold out lightning-fast on the day of its presale. The dual mining of tokens was launched on August 29th, allowing users who purchased the first batch of mining machines to receive double profits.According to the Web3 asset data platform RootData, Network3 has built an AI Layer2 aimed at helping global AI developers efficiently, conveniently, and economically perform large-scale inference, training, or validation of models. The project has achieved $5.5 million in pre-seed and seed round financing, and the next round of financing has already begun, with several leading institutions confirming their participation. The official claims that Network3 has already initiated the process. As of the date of publication, the number of project nodes has exceeded 300,000, widely distributed across 185 countries and regions globally.

ChainCatcher news, according to Decrypt, Malaysian officials crushed 985 Bitcoin mining devices on Monday as part of a nationwide crackdown on electricity theft related to cryptocurrency miners.Videos circulating show a heavy roller slowly rolling over the mining equipment in an attempt to crush it. This operation destroyed equipment worth approximately $450,000.Malaysian officials are working to combat electricity theft, which is why the seized mining devices were destroyed.

ChainCatcher news, the first batch of mining machines N3 Edge V1 for the DePIN & AI project Network3 sold out lightning-fast after going on sale, with a limited first batch of 3,000 units. The second batch of mining machines is in preparation, and users can log in to the official website to apply for the reservation list for the second batch of mining machines.It is reported that this is the first time Network3 has launched a physical mining machine sales business. Purchasing this physical mining machine can improve the mining efficiency of Network3 tokens. Additionally, the mining machine integrates IoTeX's on-chain identity module ioID and data verification module, and can also participate in mining the native IOTEX token $IOTX.Furthermore, Network3 has achieved $5.5 million in pre-seed and seed round financing, and the next round of financing has already begun, with several leading institutions confirming their participation. Network3 has currently initiated the process for going public.

ChainCatcher news, the presale of the DePIN & AI project Network3 mining machine N3 Edge V1 will start at 10 AM California time on August 20. Users can log in to the official website to purchase. It is reported that in addition to receiving Network3 rewards, N3 Edge V1 can also participate in mining the native token $IOTX of the well-known public chain IOTEX.It is said that Network3 is building a decentralized AI infrastructure, where users can provide inference, fine-tuning, and training services for edge AI models by sharing bandwidth, computing power, datasets, etc., thereby earning token rewards.According to data from the crypto platform RootData, Network3 has achieved $5.5 million in pre-seed and seed round financing, and the next round of financing has already begun, with several leading institutions confirming their participation. Network3 has currently initiated the listing process.

ChainCatcher news, during the industry conference DePINsubmit hosted by EV3, the head of the DePIN & Edge AI project Network3 ecosystem revealed in a panel with the IoTeX Founder: Network3 will launch the first batch of physical mining machine pre-sales on August 20, 2024, at 10 AM California time. This physical mining machine can participate in dual mining of both IOTEX tokens and Network3 tokens.It is reported that Network3 has achieved $5.5 million in pre-seed and seed round financing, and the next round of financing has already begun, with several leading institutions confirming their participation. The official claims that the Network3 project token $N3 has now initiated the listing process.