Canaan Expands to US, Abandons AI to Refocus on Bitcoin Mining
Bitcoin ASIC manufacturer Canaan has completed a successful pilot production run in the United States, marking a major shift in its manufacturing strategy. Alongside this move, the company has officially exited its artificial intelligence (AI) chip business, citing a strategic pivot back to its core strengths: Bitcoin mining and crypto
Russian Lawmakers Approve Crypto Tax Bill: Miners to Pay up to 15%
Russian lawmakers have passed a landmark crypto tax bill requiring industrial Bitcoin miners to pay taxes on their revenues. The legislation, which has advanced through the State Duma and awaits approval by the Senate and President Vladimir Putin, marks a pivotal step in regulating cryptocurrency mining in the country. Tax
