Canaan shares recently crashed by as much as 40% on Nasdaq, which was likely caused by the continuous pressure on Bitcoin price. Bitcoin miners are in a tight spot once again, as Bitcoin’s price continues to experience pressure. Miners were known to withdraw from the mining industry when the price dropped in 2018, simply because it was not profitable enough for them. These days, the mining difficulty is growing, while the price barely manages toRead MoreThe post Bitcoin Miner Manufacturer Canaan’s Shares Crash 40% appeared first on Bitcoinist.com.
