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10-24-2024
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Canaan

BTC miner Canaan posts $110M net loss in Q2 despite improved revenues
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1 September, 2023

BTC miner Canaan posts $110M net loss in Q2 despite improved revenues

Canaan recorded $110 million in losses despite hitting an uptick in revenue at $74 million, with inventory write-down and equipment...
ASIC firm Canaan’s Q3 income plummets 90%
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18 November, 2022

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...
Chinese block reward mining chip designer files for Nasdaq IPO with SEC
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19 June, 2022

Chinese block reward mining chip designer files for Nasdaq IPO with SEC

Nano Labs was founded by Jianping and Sun Qifeng, former executives of Canaan, which currently produces HTC chips used in...
ASIC maker Canaan sues chip developer Highsharp over patent infringement
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11 November, 2021

ASIC maker Canaan sues chip developer Highsharp over patent infringement

Canaan wants $14 million from China’s Highsharp, a chip developer which has partnered with AGM Holdings, the newest entrant in...
Canaan Q2 earnings surge amid volatile digital currency market
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19 September, 2021

Canaan Q2 earnings surge amid volatile digital currency market

In its quarterly earnings report, Canaan said it sold 5.9 million terahashes per second (TH/s) of hashing power during the...
Canaan inks new deals injecting capital into firm
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9 May, 2021

Canaan inks new deals injecting capital into firm

The NASDAQ-listed blockchain mining hardware maker announced this week that it entered a purchase order agreement with Genesis Digital Assets...
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