Tag: Canaan
Canaan secures new financing as revenue falls 55% in Q3
Bitcoin (BTC) miner Canaan is seeking new capital amid a slump in its revenue and bottom line.According to its Q3 2023 earnings report released on Nov [...]
Bitcoin to hit $100K in 2024? Canaan VP weighs up 2024 halving opportunities
Executives from prominent mining and manufacturing firms believe market forces resulting from the fourth Bitcoin halving scheduled in 2024 could force [...]
Cipher Mining Buys 11,000 Crypto Mining Rigs From Canaan, Reaches 6 EH/s Hashrate
Cipher has an eye on hashrate of 8.2 EH/s by the end of the year.
www.coindesk.com [...]
Stronghold Digital to Add 400 PH/s Capacity Via 4K Bitcoin Miners From Canaan Subsidiary
The 2,000 A1246 and 2,000 A1346 miners will provide a total capacity of 400 petahash per second (PH/S), according to an emailed announcement on Thursd [...]
Bitcoin ASIC manufacturer Canaan saw 82% revenue drop in Q4
According to a new filing with the U.S. Securities and Exchange Commission on Mar. 7, Canaan, a Chinese Bitcoin (BTC) miner and manufacturer of applic [...]
Canaan expects minor revenue drop in 2022 despite crypto mining crisis
Cryptocurrency mining giant Canaan continues to generate significant revenues from crypto operations despite the ongoing crypto mining crisis.Canaan’s [...]
Bitcoin miner Canaan scales operations despite low earnings, CEO says
Chinese cryptocurrency mining firm Canaan will continue to expand operations despite the ongoing bear market and an associated drop in earnings, accor [...]
Canaan Q3 Net Income Drops 88% as Bitcoin Mining Declines
"The bitcoin mining market deteriorated during the third quarter, as the bitcoin price fluctuated and further dipped to around sixteen thousand dollar [...]
Canaan exec says opportunity outweighs crisis as Bitcoin miners struggle with shrinking profits
2022 has been an exceptionally rough year for the crypto market, and the last few months of Bitcoin’s (BTC) price action could be a sign that bears ar [...]
Chinese mining giant Canaan doubles profits despite the blanket crypto ban
Major Chinese cryptocurrency miner manufacturer Canaan appears to have no issues with the local ban on crypto, as the company’s overall performance ha [...]
Bitcoin Mining Hardware Firm Canaan Sees ‘Prolonged Headwinds’ After Challenging Quarter
"Looking forward to the coming quarters, we see a tougher market environment from the lower bitcoin price level, overall increased energy price, and v [...]
Benchmark Sees Canaan as Indirect Investment in Bitcoin; Shares Gain
The broker initiated coverage of the mining-equipment business with a buy rating and $9 price target.
www.coindesk.com [...]
Mining-Rig Maker Canaan Q1 Revenue More Than Triples
Bitcoin mining company Canaan said revenue surged 237% from the year-earlier quarter to $213.9 million.
www.coindesk.com [...]
Crypto Mining Rig Maker Canaan Added to SEC List of Scrutinized China Companies
The firm has until May 25 to dispute its inclusion on the list, which could eventually see it delist from the Nasdaq.
www.coindesk.com [...]
Canaan Unveils New Bitcoin Mining Machine as It Sees Speedier ASIC Market Growth
Another aspect of players like Intel coming into the industry, said Lu, is that this will make the ASIC manufacturing market more competitive, and wil [...]