Canaan shares are down 23% in August.
Equinor will use digital flare mitigation tech from Crusoe Energy at its Bakken oilfield operations in the U.S.
Affected mining centers in the area may see a notable increase in electricity costs.
The recent upward trend began in September 2019.
The company expects 1,000 more S19 machines by December.
Company executives say Riot Blockchain is on track to become cash flow positive later this year.
Major Chinese bitcoin mining pools are each seeing daily hashrate drops of between 10% and 20% following continuous rainstorms in Sichuan.
Data center power management firm Lancium filed a lawsuit against Layer1 today, alleging the bitcoin mining firm’s operations had infringed upon its patent.
Bitcoin mining firm Hut 8 reported a sharp drop in revenue. However, the rising value of the firm's BTC holdings helped it finish the quarter in the black.
Riot reported a current mining capacity of 556 petahash per second.
Riot and Marathon have rallied 97% and 128% over the past year while bitcoin has gained 3 percent.
The company has gained 70% so far in Q3.
The escalating internal power struggle at Bitmain is starting to have a more serious impact on its business and customers.
Chinese bitcoin miners are usually happy this time of year because the monsoon season brings excessive rain and thus cheap hydro electricity. But this year has proved to be tougher than ever.
Bitcoin miners earned $300 in revenue during July.