CASHING IN
HOW BITCOIN MINING IS REUSING HEAT ENERGY TO SUPPORT COMMUNITIES
The evolution of Bitcoin miners has given rise to opportunities for both individual miners and institutional investors and regulatory clarity could help legitimise this sector and attract investment . Nangeng Zhang at Canaan explains ongoing efforts to improve this sector ’ s sustainability footprint .
The Bitcoin mining has witnessed remarkable growth and transformation , characterised by a relentless pursuit of computing efficiency and sustainable energy practices . Established in 2013 , Canaan revolutionised the Bitcoin mining industry by creating the first ASIC Bitcoin miner .
Over the past 11 years , Canaan has launched the innovative Avalon A1 to Avalon A14 series of Bitcoin mining rigs and is gearing up for the upcoming release of the new generation Avalon A15 Bitcoin miner . Canaan has set a new standard in the industry by consistently enhancing miner performance and promoting a greener approach to Bitcoin mining .
The evolution of Bitcoin miners has given rise to a range of opportunities for both individual miners and institutional investors . Regulatory clarity and adoption could also help legitimise the sector and attract institutional investors . The approval of US Securities and Exchange Commission of Spot BTC ETFs as well as Hong Kong SFC ’ s approval of Spot BTC ETF suggest a positive market outlook for cryptocurrencies in 2024 .
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