ASIC
ASIC is an acronym for “Application Specific Integrated Circuit”. ASICs are silicon chips specifically designed to do a single task. In the case of bitcoin, they are designed to process SHA-256 hashing problems to mine new bitcoins.
Canaan Inc. (CAN) Highlights Domestic Mining at Bitcoin 2026
Canaan Inc. joins Bitcoin 2026 roundtable to discuss the resurgence of home mining, showcasing its Avalon product line and strategy for decentralization.
Canaan (CAN) Highlights Home Mining Revival at Bitcoin 2026
Canaan Inc. (CAN) joins Bitcoin 2026 roundtable on home mining, showcasing Avalon series' evolution amid growing retail interest in decentralized mining.
Canaan Secures Tether Order for Immersion Bitcoin Mining Hardware
Canaan extends collaboration with Tether on custom Bitcoin mining hardware as the sector shifts toward modular, AI-ready infrastructure.
ABTC Powers Up 11,298 Bitcoin Mining Rigs Amid Bear Market
ABTC energizes 11,298 ASICs, boosting total capacity to 28.1 EH/s. Shares surge 11.7% despite Q4 losses and challenging market conditions.
NY Lawmaker Proposes AI Dividend Tax to Fund Direct Payments to Americans
New York Assemblyman Alex Bores unveils plan to tax AI companies and distribute dividends to US citizens facing job displacement from automation.
Bitdeer BTDR Unveils SEALMINER DL1 Air for Litecoin and Dogecoin Mining
Bitdeer launches SEALMINER DL1 Air Scrypt miner with 25 GH/s hashrate and 149 J/GH efficiency, targeting LTC and DOGE miners seeking operational flexibility.
Australia Bars Blockchain Global's Ryan Xu Amid Crypto Exchange Probe
Ryan Xu, director of Blockchain Global, is barred from leaving Australia as ASIC investigates the collapse of ACX Exchange. The case highlights increased regulatory scrutiny on crypto firms.
US Mint Miner Revolutionizes Crypto Mining with Low-Cost ASIC Hosting
US Mint Miner offers ASIC hosting with $0.01 electricity and no service fees, emphasizing renewable energy and 24/7 support, according to CoinMarketCap.
Canaan Inc. Submits 2024 Annual Report to SEC
Canaan Inc. has filed its 2024 annual report on Form 20-F with the SEC, showcasing its continued innovation in crypto mining and ASIC technology.
ASIC Arms Race Continues Unabated with No End in Sight
The ongoing depreciation challenge faced by ASIC owners as technological advancements in mining equipment persist, according to CoinShares.