The new venture is expected to increase revenue and “optimize” its product offering structure.
Canaan Opens Above $15 After 20% Premarket Surge, New Bitcoin Price Record
Canaan shares have gained 230% so far in February.
Canaan CFO Resigns Citing ‘Personal Reasons’
The company’s director of finance will serve as acting CFO.
Gaming Company The9 Agrees to Buy 26,000 Bitcoin Mining Machines
The company says a “majority” of the ASICs are already deployed.
Hive Blockchain Buys 6,400 Mining Machines From Canaan to Reach 1,200 PH/s
Delivery of the new machines is set to start in May.
Riot, Marathon, Canaan See Record Monthly Share Gains as Bitcoin Clears All-Time High
Mining companies are soaring as bitcoin hits record highs.
Canaan Reports $12M Q3 Loss, Says There’s ‘Rebounding Demand’ for Mining Machines
Mining hardware manufacturer Canaan Creative reported a Q3 net loss of $12.7 million, or 54 cents per share, more than quadruple the size of Q2’s $2.38 million loss, or 10 cents per share.
Canaan Shares Dipped Only 2% in Q3 in Fourth-Straight Quarterly Drop
The Nasdaq-listed mining manufacturer dropped 2% in Q3.
Canaan’s Q2 Loss Narrows to $2.4M From Q1 on 160% Revenue Increase
Canaan shares are down 23% in August.
Bitcoin Miner Maker Canaan’s Stock Hits Record Low 1 Month After Halving
Shares of Canaan Creative, one of the few publicly traded crypto miner manufacturers, fell below $2 Monday, their lowest after going public last year.
Bitcoin Miner Maker Canaan Lost $148 Million in 2019
The Chinese bitcoin miner manufacturer has disclosed it made a net loss of $148.6 million for 2019 on a revenue of $204.3 million.
Bitcoin’s Plunge Was Foreshadowed by Miner Inventory Data
Bitcoin’s recent price drop has caught many investors off guard. However, a key metric showing worry among the miners gave a warning several weeks ago.
Bitcoin Miner Maker Canaan Sets $100 Million Target for US IPO
Canaan, the world’s second-largest bitcoin miner maker, is aiming to raise $100 million with its initial public offering.
Avalon Bitcoin Miner Maker Canaan Posts $13 Million Q3 Profit in New Filing
Canaan, the world’s second-largest bitcoin miner maker, has recorded $13 million in net profit for Q3 2019, following bitcoin price’s bull run since April this year.
Avalon Miner Maker Canaan Raises ‘Hundreds of Millions’ in New Funding
Canaan Creative, the maker of Avalon miners, has closed a significant funding round, valuing the firm at over $1 billion, according to a report.
Co-Founder Quits Avalon Mining Chip Maker Canaan Over ‘Differences’
Xiangfu Liu has left the board and management team of Canaan Creative, maker of the Avalon crypto miner.
Bitcoin Mining Giant Holds Flash Sale to Celebrate Price ‘Bottom’
Bitcoin miner maker Canaan Creative has revealed it is temporarily cutting prices to “celebrate” bitcoin’s recent price rise.
Bitcoin Miner Canaan’s IPO Looms as Filing Status Now ‘Lapsed’
Canaan Creative’s IPO application looms as the bitcoin mining firm’s filing status at the Hong Kong Stock Exchange is now “lapsed.”
A New Line of Powerful ASIC Miners Is Coming to Ethereum
Chen Min, formerly Canaan’s chief chip maker, is releasing a line of ethereum ASICs through her new venture, Linzhi.