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Canaan Mined 89 BTC in July Amid Strategic Global Shift
8.8.2025
Key Highlights Canaan mined 89 BTC in July 2025. The company exited Kazakhstan and ended a Texas hosting…
Canaan Exits Kazakhstan and South Texas Sites Amid Bitcoin Mining Fleet Reshuffle
8.8.2025
Canaan has withdrawn from two of its bitcoin mining locations—Kazakhstan and an underperforming hosting site in South Texas—as part of a shift to optimize its operations. This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on the latest news...
FG Nexus Debuts with $200M Raise and Ether Treasury Strategy on Ethereum's 10th Birthday
30.7.2025
The company plans to use the proceeds of the raise to accumulate ether as its primary reserve asset
Canaan to Exit AI Chip Business, Double Down on Bitcoin Mining Amid Realignment
23.6.2025
Prior to the decision, the company said it had actively explored options for selling the AI chip business
Bitcoin ASIC producer Canaan pilots US production, exits AI business
23.6.2025
Bitcoin ASIC maker Canaan has launched pilot production in the US and dropped its AI chip business, signaling a strategic pivot to core crypto operations
Bitcoin ASIC producer Canaan pilots US production, exits AI business
23.6.2025
Bitcoin ASIC maker Canaan has launched pilot production in the US and dropped its AI chip business, signaling a strategic pivot to core crypto operations
Bitcoin ASIC producer Canaan pilots US production, exits AI business
23.6.2025
Bitcoin ASIC maker Canaan has launched pilot production in the US and dropped its AI chip business, signaling a strategic pivot to core crypto operations
Bitcoin ASIC producer Canaan pilots US production, exits AI business
23.6.2025
Bitcoin ASIC maker Canaan has launched pilot production in the US and dropped its AI chip business, signaling a strategic pivot to core crypto operations
Bitcoin ASIC producer Canaan pilots US production, exits AI business
23.6.2025
Bitcoin ASIC maker Canaan has launched pilot production in the US and dropped its AI chip business, signaling a strategic pivot to core crypto operations
Bitcoin ASIC producer Canaan pilots US production, exits AI business
23.6.2025
Bitcoin ASIC maker Canaan has launched pilot production in the US and dropped its AI chip business, signaling a strategic pivot to core crypto operations
Bitcoin ASIC producer Canaan pilots US production, exits AI business
23.6.2025
Bitcoin ASIC maker Canaan has launched pilot production in the US and dropped its AI chip business, signaling a strategic pivot to core crypto operations
Bitcoin Mining Rig Maker Canaan Could Have 5X Upside, Says Wall Street Analyst
6.5.2025
Benchmark's Mark Palmer initiated coverage on the firm's roughed-up shares with a buy rating and $3 price target
Canaan Advances North American Mining Strategy via New Agreements
27.3.2025
Canaan Inc. announced Wednesday that subsidiaries have signed agreements to expand self-mining operations at facilities in Pennsylvania and Texas, adding approximately 4.7 exahash per second (EH/s) to its computing power. Canaan Eyes U.S. Growth with Pennsylvania, Texas Mining Sites Canaan (Nasdaq:...
Canaan’s Mining Revenue Surges 312% As BTC Holdings Reach 1,292 BTC
26.3.2025
Canaan Inc. reported $269.3 million in revenue for 2024, with bitcoin mining revenue surging 312% year-over-year to $44 million. The company also expanded its North American mining footprint, securing new agreements in Pennsylvania and Texas to add 4.7 EH/s of computing power. Canaan Reports $269M...
Canaan Introduces Bitcoin Mining Home Heaters at CES 2025
9.1.2025
Canaan, a bitcoin application-specific integrated circuit (ASIC) mining rig manufacturer, unveiled the Avalon Mini 3 and Avalon Nano 3S, bitcoin mining devices that also function as home heaters, at CES 2025 in Las Vegas. Canaan’s Avalon Mini 3 and Nano 3S Blend Mining and Heating Blockchain...
Canaan Expands North American Bitcoin Mining Operations, Secures Order From Hive
20.11.2024
Canaan Inc., a publicly listed manufacturer of bitcoin (BTC) mining hardware and blockchain infrastructure provider, has shared plans to broaden its self-mining footprint in North America. Publicly Listed Bitcoin Miner Canaan Bolsters U.S. Presence The announcement published on Wednesday says...
Hive Digital buys 6,500 ASICs, starts Paraguay construction
11.11.2024
Hive Digital converted some of its capacity to AI after the Ethereum Merger, and now it is upgrading its Bitcoin mining capacity
Inside Cleanspark’s Move to Boost Efficiency With 3,800 Immersion-Cooled Canaan Bitcoin Miners
1.11.2024
Canaan Inc. announced a new agreement to deliver 3,800 Avalon A1566I miners to Cleanspark Inc., a publicly listed bitcoin mining and energy technology firm. A New Deal Between Canaan and Cleanspark According to the announcement, the bitcoin miners, set to run at 249 terahash per second (TH/s)...
How Canaan Researches and Develops Green Bitcoin Mining Technology – Tony Li, VP of Canaan
27.6.2024
Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Mr. Zhibing (Tony) Li is the Vice President of Canaan Inc. He recently joined...
Mining Rig Producer Canaan’s Q1 Unrealized Gains Narrow Net Loss to $39.4 Million
18.5.2024
In the first quarter of 2024, Canaan Inc. generated $35.1 in revenues versus the $72.4 million in costs incurred in the same period which resulted in the company recording a gross loss of $37.3 million. Nangeng Zhang claimed that Canaan’s revenues in the last quarter exceeded expectations due...