Bitcoin mining hardware maker Canaan to boost its self-mining hash rate to 1.8 EH/s
China-based Bitcoin mining hardware manufacturer Canaan is set to increase its self-mining hash rate to 1.8 exahashes per second, which would account for 1% of the network's current total.The scaling plan positions Canaan to become a major Bitcoin mining company as it seeks to adjust the balance between the sales of its spot and future orders and proprietary mining capacity. Nangeng Zhang, founder and chairman of Canaan, said in the firm's Q3 earnings call on Tuesday that its current operating hash rate has been kept at 0.032 EH/s since the