Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Crypto Mining Behemoth Canaan Collaborates With Blockchain Enterprise Northern Data

Crypto Mining Behemoth Canaan Collaborates With Blockchain Enterprise Northern Data

Kelly Cromley by Kelly Cromley
Feb 19, 2020
in Bitcoin News, Market News, News
Reading Time: 2 mins read
0

Canaan Creative, which stands second in the list of largest Bitcoin (BTC) mining hardware manufacturers, and blockchain framework provider Northern Data AG have entered into a strategic collaboration to bring together their operational and technological capabilities. Both parties intend to jointly offer their services in various business sectors.

Specifically, both firms will join hands on artificial intelligence and blockchain advancement, in addition to improve data center operations.

Northern Data concentrates on developing framework for highly efficient data processing, whose usages can stretch outside blockchain technology.

The company was established through a merger between Germany’s blockchain framework firm Northern Bitcoin AG and Whinstone US Inc., which runs a data center.

Canaan Creative’s CEO, NG Zhang, explained that the latest collaboration will permit for both technological development and geographic spread:

“Our R&D team is collaborating with Northern Data. Both sides have achieved positive results. In addition, Northern Data will provide computational resources support for our overseas R&D in the U.S. Canaan looks forward to further cooperation in product development, AI, and high-performance computing.”

Canaan is renowned for competency in the creation of AI chip and exclusive mining hardware such as ASICs Application-Specific Integrated Circuit (ASIC), which are customized to competently mine crypto based on a particular hashing algo.

Canaan, which was recently listed in Nasdaq, revealed that it manufactured 150 million ASICs from 2017 through September 2019.

The company also leads the production of 7nm chip customized for Bitcoin mining.

This is noteworthy in the sense that it is supposedly the first China-based AI chip manufacturer with sovereign intellectual property to effectively complete an initial public offering in the US.

Northern Data AG has disclosed its intention to enter into collaboration with several blockchain and AI developers in the months ahead.

Notably, Canaan’s share recorded a high of $8.04 earlier this week, reflecting an increase of more than 80% from its opening price of $4.42.

During 4Q 2019, when the company rolled out its Nasdaq IPO, shares were undervalued by more than 75%, with further decline of 40% in share price by mid-December.

Of late, Northern Data has launched collaboration with SBI Crypto, a crypto centered subsidiary of Japanese financial services giant SBI Holdings.

During the final quarter of 2019, Northern Data, which was known by the name Northern Bitcoin, inked a merger deal with Whinstone to build together the world’s largest mining center in Texas.

The planned mining center will start operating with a capacity of 300 megawatts and raise it to 1 gigawatt by the end of 2020.

Previous Post

MicroBT Seen as Major Contender for Bitcoin Mining Equipment Manufacturer Bitmain

Next Post

Proof-of-Business (PoB) payment transactions Successfully Completed Using Cross-Carrier Payment System

Related Posts

Ripple and SEC Press Judge Torres to Approve Settlement Ending XRP Case

Ripple and SEC Press Judge Torres to Approve Settlement Ending XRP Case

by Mostafijur Rahman
Jun 19, 2025
0

After nearly four years of legal battles, Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have jointly submitted...

hedera-partners-with-binary-holdings

Hedera Teams Up with The Binary Holdings for Southeast Asia Push

by Kelly Cromley
Jun 19, 2025
0

The Hedera Foundation has announced a significant partnership with The Binary Holdings, a leading Web3 distribution infrastructure firm, to bring...

zerohash-supports-polkadot-assets

Zerohash Expands Support for Polkadot-Based Assets

by Kelly Cromley
Jun 19, 2025
0

Zerohash, a prominent infrastructure provider in the digital asset space, has officially announced the extension of its platform capabilities to...

fc-barcelona-unveils-web3-wallet-barca-pass

FC Barcelona Unveils Web3 Wallet Barça Pass to Elevate Global Fan Engagement

by Kelly Cromley
Jun 19, 2025
0

FC Barcelona has launched its first official Web3 wallet, known as Barça Pass, marking a significant step in integrating blockchain...

antix-partners-with-gain-ventures-to-accelerate-web3-growth

Antix and Gain Ventures Join Forces to Accelerate Web3 Growth

by Kelly Cromley
Jun 19, 2025
0

Aiming to shape the next wave of innovation in decentralized technology, Antix has unveiled a new strategic partnership with Gain...

trusty-blockchain-platform-for-agri-food-supply-chain-tracking

Blockchain Boosts Cocoa Traceability Amid EU Sustainability Push

by Kelly Cromley
Jun 19, 2025
0

In response to the mounting regulatory pressures within the European Union, particularly around sustainability and deforestation, a Bologna-based startup named...

Next Post
Proof-of-Business (PoB) payment transactions Successfully Completed Using Cross-Carrier Payment System

Proof-of-Business (PoB) payment transactions Successfully Completed Using Cross-Carrier Payment System

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

Ripple and SEC Press Judge Torres to Approve Settlement Ending XRP Case
Market News

Ripple and SEC Press Judge Torres to Approve Settlement Ending XRP Case

by Mostafijur Rahman
Jun 19, 2025
hedera-partners-with-binary-holdings
Market News

Hedera Teams Up with The Binary Holdings for Southeast Asia Push

by Kelly Cromley
Jun 19, 2025
zerohash-supports-polkadot-assets
Market News

Zerohash Expands Support for Polkadot-Based Assets

by Kelly Cromley
Jun 19, 2025
fc-barcelona-unveils-web3-wallet-barca-pass
Market News

FC Barcelona Unveils Web3 Wallet Barça Pass to Elevate Global Fan Engagement

by Kelly Cromley
Jun 19, 2025
antix-partners-with-gain-ventures-to-accelerate-web3-growth
Market News

Antix and Gain Ventures Join Forces to Accelerate Web3 Growth

by Kelly Cromley
Jun 19, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
  • XRP
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree