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JUST IN: Canaan Accumulated Bitcoin, Defying Rival Miners' Rush to Sell.
Bitcoin mining company Canaan increased its cryptocurrency holdings to record levels in February, signaling a long-term accumulation strategy despite challenging market conditions for miners.
In its unaudited February mining update, published Tuesday, Canaan stated that it produced 86 Bitcoin (BTC) during the month, bringing its total holdings to 1,793 BTC, a new record for the company.