Canaan still losing money but slower
Canaan Creative has reported a Q2 2020 net loss of $2.38 million, an improvement over the prior Q1's reported loss of $5.64 million loss.
Latest Canaan News
Another shakeup inside Canaan Creative leads to 4 execs ouster
U.S.-listed ASIC hardware manufacturer Canaan Creative reportedly removed four executives from its listing.
Ebang seeks to join US-listed Chinese Bitcoin miner manufacturers
Like Canaan, which raised $90 million in its 2019 public listing, Ebang feels the U.S. market offers them the best chance for expansion.
Embattled Canaan rolls out 2 new ASIC rigs
NASDAQ-listed Canaan Creative has released two new ASIC mining rigs, which offer lower hash power compared to its competitors.
Struggling Canaan offloads shares to employees
Canaan has filed an S-8, a form the U.S. SEC requires companies to file if they are looking to issue equity to their employees.
Nasdaq crackdown spells trouble for Chinese blockchain firms
Nasdaq will be making it more difficult for foreign companies, including blockchain firms, to list on its exchange.
Canaan Q1 earnings show rough road ahead for BTC block reward miner
The bad news continues to mount for Hangzhou-based ASIC hardware maker Canaan Inc.
China blockchain firms may lose access to US capital markets
The U.S. Senate took steps toward forcing Chinese companies to adhere to transparency rules or risk losing access to U.S. stock exchanges.
Bitcoin Halving 2020: Publicly traded mining operations very vulnerable
Ed Drake takes a look at what will happen to the publicly traded digital transaction processing companies post BTC halving.
Lawsuit against Canaan over its IPO continues to move forward
The digital currency mining equipment company has until May 4 to state who will represent it in court.
Bitmain rival Canaan amps up crypto miners with 5nm chip
Canaan Creative is equipping its crypto mining products with TSMC’s 5nm chip in the first quarter of 2020.
Weekly update: Important developments in cryptocurrency space Nov 30, 2019
Across the globe, there have been a lot of positive gains, as well as a few slips, as the Bitcoin space continues to develop.