Canaan Creative ASIC Producer to Hold an IPO

According to the data released in January, Canaan Creative's annual profit was 410 million yuan ($ 64 million), which is 600% more than the profit for 2016
10 May 2018   1138

The second largest Chinese producer of bitcoin mining equipment Canaan Creative intends to hold an initial public offering (IPO) on the Hong Kong Stock Exchange. The company is going to raise $ 1 billion, South China Morning Post reports.

According to the publication, the final decision regarding the listing on the Hong Kong stock exchange has not yet been made.

In 2016 and 2017, Canaan Creative, based in Hangzhou, planned to conduct an IPO on the Chinese market, but could not do so because of regulatory barriers. It is also known that previously, as an alternative, Canaan considered American sites. Now, it can become the first blockchain company that went to the Hong Kong stock market.

According to the data released in January, Canaan Creative's annual profit was 410 million yuan ($ 64 million), which is 600% more than the profit for 2016.

Sapphire to Unveil Radeon RX 570 Nitro+

New GPU with 16 GDDR5 is specially designed for Grin mining
17 January 2019   108

Sapphire Technology has announced plans to release a new Radeon RX 570 Nitro + video card, equipped with 16 GB of GDDR5 memory. As reported by TechPowerApp, it is designed for Grin cryptocurrency mining.

Grin is based on the MimbleWimble protocol and the Cuckoo Cycle PoW hashing algorithm, which can load up to 11 GB of video memory, which explains the non-standard characteristics of the new graphics card.

The video card is made in the traditional Nitro + design with a dual-fan cooler and uses sixteen GDDR5 memory chips.

The cost of the Radeon RX 570 Nitro + has not yet been named, but Sapphire promises that it will be sold at the price of "one third of the cost of competing cards at 16 GB."

Aday after the launch of the main cryptocurrency network, Grin is mined by at least 88,000 graphics processors. Grin hash rate is 285.6K graphs / s.

Radeon RX 570 Nitro+
Radeon RX 570 Nitro+

In June 2017, Sapphire introduced a line of Mining Edition boards of five models, made on the basis of Sapphire Radeon RX 470 and Sapphire Radeon RX 560. The memory capacity of video cards ranged from 4 to 8 GB.