Plus, Phoenix Group’s 50 MW bitcoin mine in North Dakota, a 2024 bitcoin mining market review from Nick, and Canaan’s new home mining heater series with the Nano 3S and Avalon Mini 3.

Beyond its mining operations, Canaan maintained an industry-leading all-in power cost of $0.04/kWh and improved its month-end revenue split from 57.3% to 59.0%, further solidifying its competitive ...