Canaan Q4 revenue drops 80% as demand for block reward miners dips
Canaan saw its total computing power sold dip 75% from Q4 2021, with revenue taking a similar dip, but its mining revenue shot up 360% from the previous year.
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ASIC firm Canaan’s Q3 income plummets 90%
Canaan’s Q3 revenue dropped by 41% while gross profit dipped by 75%, but the company says it will continue to scale its R&D projects and mining operations.
Bitmain suspends new miner orders as supply booms
In freezing the sales, Bitmain says it is attempting to prevent customers from incurring losses on new machines, as well as protecting themselves from sustaining more significant losses.
Block reward miner Northern Data weighs up $500M public offering
German miner Northern Data is working with Swiss investment bank Credit Suisse on the plans, which would see the firm become the latest major block reward mining operator to go public worldwide.
Layer1 accused of mischaracterizing people’s involvement in fundraising pitch: report
Layer1 is reported to have exaggerated the role Liu Xiangfu plays within the company during the recent version for its Series A fundraising deck.
Silicon chipmaker TSMC eyes $12B US factory
TSMC, one of the largest semi-conductor manufacturers has announced plans to build a factory in Arizona. TSMC supplies chips to many mining equipment makers.
Ebang follows through with plans for US-based IPO
Ebang is confident that it can attract as much as $100 million through its IPO, according to its SEC F-1 form.
Canaan Creative reports $148.6M net loss for 2019
The Nasdaq-listed firm posted revenues of just $204 million for the year, less than half the corresponding figure for 2018.
Canaan Creative faces class-action lawsuit in US
An investor has launched a lawsuit against Canaan, arguing that it lied to regulators and investors about its operations and financial support.
Canaan misrepresented 2020 potential revenue?
The Nasdaq listed mining firm is accused of using a deal with a company it knows is unable to meet the purchase price to inflate revenue numbers.
MicroBT market share rises as Bitmain’s struggles continues
MicroBT, has managed to increase its market share while industry leader Bitmain struggles with supply chain setbacks and internal strife.
Canaan Creative enters strategic partnership with Northern Data
Canaan will work alongside Northern Data to pool resources and expertise towards developing on a number of technological and operational fronts.