In its quarterly earnings report, Canaan said it sold 5.9 million terahashes per second (TH/s) of hashing power during the quarter representing a 126.9% Y/Y increase from 2.6 million TH/s.
The NASDAQ-listed blockchain mining hardware maker announced this week that it entered a purchase order agreement with Genesis Digital Assets Limited valued at up to $93.63 million.
Canada-based Hive Blockchain Technologies Ltd. announced it exceeded its ASIC capacity goal of 1,000 PH/s through the purchase of 6,400 Canaan AvalonMiner 1246 next-generation miners.
The hardware manufacturer designed the Avalon Immersion Cooling Miner A1066I to be noiseless and eco-friendly.
To enable the transition to block reward mining, the NASDAQ listed company signed a binding investment term sheet with several former board directors of ASIC hardware manufacturer Canaan.
The NASDAQ listed hardware manufacturer reported a net loss of $12.7 million in Q3 despite a BTC price jump during the same period.
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.
U.S.-listed ASIC hardware manufacturer Canaan Creative reportedly removed four executives from its listing.
Like Canaan, which raised $90 million in its 2019 public listing, Ebang feels the U.S. market offers them the best chance for expansion.
NASDAQ-listed Canaan Creative has released two new ASIC mining rigs, which offer lower hash power compared to its competitors.
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.