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Publicly Traded Firms Launch New Mining Rigs, Less Hashrate Than Competitors

Two of the top mining manufacturers from China that recently had initial public offerings (IPO) released two new mining rigs. Canaan Inc. and Ebang Communications both have shares listed on the Nasdaq stock exchange, and the two firms just launched two ASIC mining devices with hashrates up to 63 terahash per second (TH/s). The two Chinese ASIC mining rig manufacturers Ebang and Canaan have recently released some new bitcoin mining devices. Canaan has launched the Avalonminer 1146 Pro (63TH/s), while Ebang has released the E12+ (50TH/s). Interestingly, both firms are listed on the American stock exchange Nasdaq, while the other…

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