Valued At $1 Billion, Canaan Creative Is Encroaching on Bitmains Dominance

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    n nn nn ASIC chip manufacturer Canaan Creative is closing the gap between itself and industry leader Bitmain after a massive infusion of capital.In its latest funding round, the Chinese mining company has raised several hundred millions of dollars, Chinese publication Securities Times reports. Dubbing Canaan Creative as the second-largest mining firm in the world, the publication notes that the funding has raised the companys overall valuation to $1 billion.This i

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