Canaan News

Crypto mining rig manufacturer Canaan has obtained over $50m from preferred share financing to boost research and development and expand its production scale. In a recent filing, The Nasdaq-listed firm announced that it generated the capital by issuing and selling…

Canaan reports significant mining loss in Q3 2023 but reflects a resilient year-on-year performance.

The manufacturer of Bitcoin mining machines, Canaan, released financial results for the quarter ending on June 30.

Chinese bitcoin mining hardware manufacturing giant Canaan, saw an over 80% plunge in its revenue in the fourth quarter of 2022.

In a recent tweet, crypto firm Canaan unveiled their new generation of mining equipment. The firm believes the new machines will play a huge part in achieving the firms goals in the blockchain world.

The Canaan Inc corporation has today unveiled their new bitcoin mining prototypes. The CEO believes that the action is a major milestone to deal with the difficulties found in the Bitcoin ecosystem.

Earlier today, Canaan, a network focusing on ASIC high-performance computing chip designs, released their detailed unaudited report for the second quarter. Several projects, including Unlockd, Primitive, Tessera, Matchbox DAO, and dWallet Labs, announced successful funding rounds. Canaan’s Second Quarter Unaudited…

There has been an extra amount of negative sentiment directed towards cryptocurrencies in the last few weeks as Bitcoin slowly winded down from $8500 to $6800 over the course of a month. Many wealth managers believe it is better to…

Bitcoin mining giant Bitmain is once again reportedly undergoing an upheaval within its upper hierarchy. Bitmain’s ex-figurehead Jihan Wu seems to be calling the shots, dismissing co-founder Micree Zhan. The news of the organizational restructuring at Bitmain comes as mining…

Canaan Creative, the world’s second-largest Bitcoin mining machine manufacturer after Bitmain, has filed for a $400 million initial public offering (IPO) with the United States Securities and Exchange Commission (SEC). If all goes as planned, Canaan’s shares will be listed…

Canaan, the second-biggest maker of Bitcoin mining hardware in China, is considering listing in the U.S. after shelving plans for a Hong Kong initial public offering, Bloomberg reported on January 8, 2019. Listing in the U.S. after Abandoning Hong Kong…

One of the world’s largest crypto mining firms, Canaan Inc, has announced its application for an initial product offering (IPO) to the Stock Exchange of Hong Kong (HKEX) lapse. The move has also cast a shadow of doubt on what…

The world’s second largest maker of bitcoin mining equipment, Canaan Creative, has launched the first ever bitcoin mining television set. As reported in the South China Morning Post on August 2, 2018, the launch comes as part of a push…

Hangzhou based Canaan Creative, the second largest Bitcoin mining hardware manufacturer in China is reportedly considering to bring its IPO to the Stock Exchange of Hong Kong instead of the New York Stock exchange in the US. The South China…