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Canaan buys 49% stake in three Texas mining sites for $40M

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#mining
Canaan buys 49% stake in three Texas mining sites for $40M
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TL;DR:

Canaan acquires a stake in three operating Texas mining facilities with 120 MW of power and 4. 4 EH/s hashrate as it expands beyond hardware into infrastructure operations.

Key Points:

  • Canaan buys 49% stake in three Texas mining sites for $40M
  • Related to mining in the crypto space

    • Background:

    Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

    Why It Matters:

    This development contributes to the ongoing evolution of the cryptocurrency ecosystem and may influence market trends.