Latest Canaan News

Golden coins and red arrow down
Tech 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 scale its R&D projects and mining operations.

Hive logo with abstract graphic in the background
Tech 24 January 2021

Hive Blockchain ramps up hardware inventory

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.

canaan-still-losing-money-but-slower
Business 9 September 2020

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.

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