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  • 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.”

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