Bitcoin mining was once seen as a single-purpose business. Companies built huge data centers filled with specialized computers, all focused on verifying transactions and creating new bitcoins. Today, that picture is changing. Many bitcoin mining companies are finding new ways to use their powerful computing systems, and this shift could reshape the future of the industry.
For firms like Canaan Inc. (NASDAQ: CAN) that make the equipment used to mine bitcoin, the changing use to which this equipment is put could open new…
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