Canaan exec says opportunity outweighs crisis as Bitcoin miners struggle with shrinking profits Post author:MiamiCrypto Post published:August 22, 2022 Post category:ASIC / Avalon / Bitcoin Halving / Bitcoin Industry / Bitcoin Mining / Bitcoin Price / Bitcoin Regulation / Canaan / China / Cryptocurrencies / Energy / Energy Consumption / Hash Rate / Interview / Markets / Mining / Renewable Energy / Stranded Energy This bear market is proving to be especially tough for Bitcoin miners, but Canaan senior vice president Edward Lu says the industry is “evolving toward a positive long term.” You Might Also Like Bitcoin’s Hashrate Hits an All-Time High Nearing 300 Exahash per Second June 11, 2022 Bitcoin Price Watch: BTC Nears Resistance at $119.5K After Explosive Breakout October 2, 2025 Bitcoin Looks Set to Dip After Traders Lose $700M in Liquidations November 11, 2021