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 Hong Kong’s Securities and Futures Commission warn of nonfungible token risks June 6, 2022 Bitcoin whale deposits $40M USDC into Hyperliquid to boost BTC short position October 13, 2025 Ripple outlines possible regulatory framework for crypto industry in US November 16, 2021